Funding you earn now, next payment 22:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.040%
Price spread now: Bybit against Arcus+0.040%46s7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1131.134% of the position
Funding, last 3 days (all we have)+0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.040%, 7d avg +0.097%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.056% cheaper against Arcus than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.097%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BE-USD | 272.39 | 0.0040 | pay 0.0005% / 1h | 0m 56s | $114K | $134K | 10x |
| Short | Bybit BEUSDT | 272.50 | 0 | get 0.0000% / 8h | 2h 00m | $2.0M | $1.2M | 25x |
Arcus BE-USD
Bybit BEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.46
- Price spread: +0.040% → +0.097%
- −$5.61
- Slippage, 4 orders
- −$97.88
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$127.46
- Costs to cover
- 1.134%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 22 min ago; Bybit: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Arcus live order book, 22 min ago | 1.47 bp | 7.7 bp −$8 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 2.02 bp | 39.0 bp −$39 | 177.6 bp −$1,776 | doesn't fit | doesn't fit |
BE on 21 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 272.95 | +0.206% | $343K | $116K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 272.52 | +0.049% | $46K | $270K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 272.56 | +0.061% | $8.5M | $37.4M | 25x | as long as short |
| Bybit BEUSDTshort | 0.0000% | 8h | 272.50 | +0.040% | $2.0M | $1.2M | 25x | |
| Gate BE_USDT | 0.0000% | 8h | 272.40 | +0.004% | $1.5M | $3.8M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 272.41 | +0.007% | $1.7M | $2.7M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 272.72 | +0.122% | $7K | $200K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 272.54 | +0.055% | $1K | $2.6M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.59 | +0.073% | $13K | $33K | 20x | as long as short |
| OKX BE-USDT-SWAP | +0.0003% | 8h | 272.64 | +0.092% | $2.6M | $6.8M | 25x | as long as short |
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
OKX BE-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BE-PERP-INTX | +0.0008% | 1h | 272.24 | −0.055% | $467K | $121K | 10x | as long as short |
| Lighter BE | +0.0032% | 1h | 272.25 | −0.051% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 272.46 | +0.026% | $248K | $481K | 10x | as long as short |
| QFEX BE-USD | +0.0038% | 1h | 272.49 | +0.037% | $1.3M | $3.7M | 10x | as long as short |
| Arcus BE-USDlong | +0.0040% | 1h | 272.39 | long leg | $114K | $134K | 10x | |
| Vest BE-USD-PERP | +0.0046% | 1h | 272.35 | −0.015% | — | — | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 272.58 | +0.070% | $367K | $24K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 272.53 | +0.051% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0119% | 1h | 272.51 | +0.044% | $5.8M | $2.9M | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.64 | +0.092% | $45K | $141K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0668% | 1h | 272.58 | +0.070% | $6K | $4K | 10x | as long as short |
Coinbase International BE-PERP-INTX
Lighter BE
Lighter RH BE
QFEX BE-USD
Vest BE-USD-PERP
KuCoin BEUSDTM
Aevo BE-PERP
tradeXYZ xyz:BE
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL