Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.016%
Price spread now: Bybit against OKX+0.009%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2712.706% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.009%, 7d avg −0.024%
=The price spread pays, funding is against you. Bybit is 0.033% dearer against OKX than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.024%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.080%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ACT-USDT-SWAP | 0.01107 | 0.0200 | pay 0.0100% / 4h | 59m 56s | $786K | $1.4M | 10x |
| Short | Bybit ACTUSDT | 0.01108 | 0.0100 | get 0.0050% / 4h | 59m 56s | $586K | $351K | 25x |
OKX ACT-USDT-SWAP
Bybit ACTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- −$20.93
- Price spread: +0.009% → −0.024%
- $3.31
- Slippage, 4 orders
- −$249.59
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$288.21
- Costs to cover
- 2.706%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 10 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 OKX live order book, 2 min ago | 4.07 bp | 24.5 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 1.82 bp | 106.5 bp −$106 | 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 | 0.01105 | −0.262% | $2.1M | $2.2M | 10x | as long as short |
| Bybit ACTUSDTshort | +0.0100% | 4h | 0.01108 | +0.009% | $586K | $351K | 25x | |
| Gate ACT_USDT | +0.0100% | 4h | 0.01105 | −0.226% | $143K | $83K | 25x | as long as short |
| MEXC ACT_USDT | +0.0100% | 4h | 0.01105 | −0.235% | $6.4M | $113K | 20x | as long as short |
| Bitget ACTUSDT | +0.0100% | 4h | 0.01105 | −0.226% | $262K | $88K | 10x | as long as short |
| BingX ACT-USDT | +0.0184% | 4h | 0.01106 | −0.163% | — | $1.3M | — | as long as short |
| OKX ACT-USDT-SWAPlong | +0.0200% | 4h | 0.01107 | long leg | $786K | $1.4M | 10x |
Binance ACTUSDT
Gate ACT_USDT
MEXC ACT_USDT
Bitget ACTUSDT
BingX ACT-USDT