Funding you earn now, next payment 08:00 UTC−0.0874%/8h= −95.7% APRnext payment −$4.37 per $10,000 · paid last 24h +0.017%
Price spread now: OKX against Bybit+0.126%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$352as in the Funding arb table
Net, price: spread back to 7d avg − costs−$335as in the Price arb table
costs, in and out, $10k−$3463.457% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.126%, 7d avg +0.023%
=The price spread pays, funding is against you. OKX is 0.103% dearer against Bybit than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.023%): +$10 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.060% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.37 per $10,000. 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 | Bybit ACTUSDT | 0.01114 | 0.1025 | pay 0.0512% / 4h | 3h 31m | $637K | $442K | 25x |
| Short | OKX ACT-USDT-SWAP | 0.01115 | 0.0151 | get 0.0075% / 4h | 3h 31m | $798K | $1.4M | 10x |
Bybit ACTUSDT
OKX ACT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- −$183.54
- Price spread: +0.126% → +0.023%
- $10.27
- Slippage, 4 orders
- −$324.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$519.01
- Costs to cover
- 3.457%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 14 min ago; OKX: live order book, 5 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 Bybit live order book, 14 min ago | 5.84 bp | 167.0 bp −$167 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.80 bp | 47.5 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
ACT on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ACTUSDT | +0.0100% | 4h | 0.01113 | −0.057% | $2.1M | $2.3M | 10x | as long as short |
| MEXC ACT_USDT | +0.0100% | 4h | 0.01112 | −0.144% | $6.5M | $114K | 20x | as long as short |
| Bitget ACTUSDT | +0.0100% | 4h | 0.01113 | −0.081% | $268K | $85K | 10x | as long as short |
| OKX ACT-USDT-SWAPshort | +0.0151% | 4h | 0.01115 | +0.126% | $798K | $1.4M | 10x | |
| Gate ACT_USDT | +0.0218% | 4h | 0.01113 | −0.081% | $158K | $93K | 25x | as long as short |
| BingX ACT-USDT | +0.0866% | 4h | 0.01114 | +0.009% | — | $1.3M | — | as long as short |
| Bybit ACTUSDTlong | +0.1025% | 4h | 0.01114 | long leg | $637K | $442K | 25x |
Binance ACTUSDT
MEXC ACT_USDT
Bitget ACTUSDT
Gate ACT_USDT
BingX ACT-USDT