Funding you earn now, next payment 04:00 UTC+0.0299%/8h= +32.8% APRpaid last 24h −0.016%
Price spread now: Bybit against tradeXYZ−0.078%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2212.209% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.078%, 7d avg −0.014%
=Together, before fees+0.054%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.064% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.014%). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:EWT | 115.62 | −0.0299 | get 0.0037% / 1h | 33m 38s | $691K | $190K | 20x |
| Short | Bybit EWTUSDT | 115.53 | 0 | get 0.0000% / 8h | 4h 33m | $221K | $139K | 25x |
tradeXYZ xyz:EWT
Bybit EWTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against tradeXYZ. 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
- $62.85
- Price spread: −0.078% → −0.014%
- −$6.38
- Slippage, 4 orders
- −$191.88
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$164.4
- Costs to cover
- 2.209%
- Break-even
- 25.3 days
Slippage from tradeXYZ: live order book, 63 min ago; Bybit: live order book, 7 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 tradeXYZ live order book, 63 min ago | 2.59 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 4.32 bp | 90.9 bp −$91 | 165.6 bp −$1,656 | doesn't fit | doesn't fit |
EWT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:EWTlong | −0.0299% | 1h | 115.62 | long leg | $691K | $190K | 20x | |
| Aster EWTUSDT | 0.0000% | 8h | 115.54 | −0.067% | $3K | $76 | 20x | as long as short |
| Binance EWTUSDT | 0.0000% | 8h | 115.59 | −0.023% | $474K | $809K | 20x | as long as short |
| Bybit EWTUSDTshort | 0.0000% | 8h | 115.53 | −0.078% | $221K | $139K | 25x | |
| OKX EWT-USDT-SWAP | 0.0000% | 8h | 115.76 | +0.121% | $173K | $164K | 20x | as long as short |
| Gate EWT_USDT | 0.0000% | 8h | 115.67 | +0.043% | $44K | $4K | 25x | as long as short |
| MEXC EWT_USDT | 0.0000% | 8h | 115.62 | 0.000% | $2.4M | $93K | 50x | as long as short |
| Bitget EWTUSDT | 0.0000% | 8h | 115.72 | +0.086% | $1.3M | $434K | 20x | as long as short |
| Variational Omni EWT | 0.0000% | 8h | 115.65 | +0.030% | $57K | $14K | — | as long as short |
| GRVT EWT_USDT_Perp | 0.0000% | 8h | 115.67 | +0.045% | $3K | $180K | 10x | as long as short |
Aster EWTUSDT
Binance EWTUSDT
OKX EWT-USDT-SWAP
Gate EWT_USDT
MEXC EWT_USDT
Bitget EWTUSDT
Variational Omni EWT
GRVT EWT_USDT_PerpShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX EWT-USDT | 0.0000% | 8h | 115.66 | +0.035% | $1K | $335K | 10x | as long as short |
| HTX EWT-USDT | 0.0000% | 8h | 115.51 | −0.095% | $16K | $7K | 10x | as long as short |
SunX EWT-USDT
HTX EWT-USDT