Funding you earn now, next payment 08:00 UTC−0.0393%/8h= −43.1% APRnext payment −$1.97 per $10,000 · paid last 24h −0.053%
Price spread now: Bybit against OKX+0.066%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$385as in the Funding arb table
Net, price: spread back to 7d avg − costs−$376as in the Price arb table
costs, in and out, $10k−$3803.795% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.066%, 7d avg +0.028%
=The price spread pays, funding is against you. Bybit is 0.038% dearer against OKX than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.028%): +$4 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.057% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.97 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 | OKX AEON-USDT-SWAP | 0.06100 | 0.0493 | pay 0.0247% / 4h | 1h 42m | $1.8M | $6.7M | 20x |
| Short | Bybit AEONUSDT | 0.06104 | 0.0100 | get 0.0050% / 4h | 1h 42m | $517K | $202K | 25x |
OKX AEON-USDT-SWAP
Bybit AEONUSDTFunding 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
- −$82.61
- Price spread: +0.066% → +0.028%
- $3.78
- Slippage, 4 orders
- −$358.5
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$458.33
- Costs to cover
- 3.795%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 57 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, 5 min ago | 4.07 bp | 51.5 bp −$51 | 328.0 bp −$3,280 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 57 min ago | 12.32 bp | 140.3 bp −$140 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster AEONUSDT | +0.0100% | 1h | 0.06086 | −0.224% | $36K | $32K | 5x | as long as short |
| Bybit AEONUSDTshort | +0.0100% | 4h | 0.06104 | +0.066% | $517K | $202K | 25x | |
| Gate AEON_USDT | +0.0100% | 4h | 0.06131 | +0.508% | $587K | $279K | 20x | as long as short |
| Bitget AEONUSDT | +0.0100% | 4h | 0.06105 | +0.082% | $2.1M | $753K | 20x | as long as short |
| KuCoin AEONUSDTM | +0.0196% | 4h | 0.06105 | +0.082% | $1.0M | $1.7M | 20x | as long as short |
| OKX AEON-USDT-SWAPlong | +0.0493% | 4h | 0.06100 | long leg | $1.8M | $6.7M | 20x |
Aster AEONUSDT
Gate AEON_USDT
Bitget AEONUSDT
KuCoin AEONUSDTM