Funding you earn now, next payment 04:00 UTC+0.1055%/8h= +115.5% APRnext payment +$5.28 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.151%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$341as in the Funding arb table
Net, price: spread back to 7d avg − costs−$354as in the Price arb table
costs, in and out, $10k−$3423.418% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.151%, 7d avg −0.027%
=Funding pays, the price is against you. OKX is 0.125% cheaper against Bybit than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of −0.027%). If the spread goes back, that is −$12 on $10k: about 9 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.004% in total) that is about 7 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.28 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 AEONUSDT | 0.05949 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $484K | $149K | 25x |
| Short | OKX AEON-USDT-SWAP | 0.05940 | 0.1155 | get 0.0578% / 4h | 1h 40m | $1.6M | $5.2M | 20x |
Bybit AEONUSDT
OKX AEON-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
- $221.6
- Price spread: −0.151% → −0.027%
- −$12.45
- Slippage, 4 orders
- −$320.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$132.68
- Costs to cover
- 3.418%
- Break-even
- 11.2 days
Slippage from Bybit: live order book, 14 min ago; OKX: live order book, 2 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 | 13.53 bp | 129.3 bp −$129 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.68 bp | 39.9 bp −$40 | 356.7 bp −$3,567 | doesn't fit | doesn't fit |
AEON on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit AEONUSDTlong | +0.0100% | 4h | 0.05949 | long leg | $484K | $149K | 25x | |
| Gate AEON_USDT | +0.0100% | 4h | 0.05973 | +0.403% | $582K | $231K | 20x | as long as short |
| Bitget AEONUSDT | +0.0120% | 4h | 0.05944 | −0.084% | $2.1M | $723K | 20x | as long as short |
| Aster AEONUSDT | +0.0237% | 1h | 0.05924 | −0.416% | $33K | $28K | 5x | as long as short |
| KuCoin AEONUSDTM | +0.1012% | 4h | 0.05955 | +0.101% | $1.0M | $1.6M | 20x | as long as short |
| OKX AEON-USDT-SWAPshort | +0.1155% | 4h | 0.05940 | −0.151% | $1.6M | $5.2M | 20x |
Gate AEON_USDT
Bitget AEONUSDT
Aster AEONUSDT
KuCoin AEONUSDTM