Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.4293%/8h= −470.1% APRpaid last 24h −1.425%

Price spread now: OKX against Bybit−0.074%7-day average −0.890% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$840.842% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.780%+$78 on $10k

Price spread, last 6 days (all we have)+0.087%+$9 · spread now −0.074%, 7d avg −0.890%

Together, before fees+0.867%+$87 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.816% dearer against Bybit than usual: you sell high and buy low (spread −0.074% now, against its 7-day average of −0.890%): +$82 on $10k if it goes back. Holding the pair costs −$129 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 6 days funding on this pair paid +0.780%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.780% in total (about 48.9% 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	Bybit AKEUSDT	0.05766	0.5921	pay 0.0740% / 1h	8m 44s	$18.5M	$183.1M	25x
Short	OKX AKE-USDT-SWAP	0.05762	0.1628	get 0.0814% / 4h	8m 44s	$5.1M	$482.9M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$901.58
Price spread: −0.074% → −0.890%: $81.64
Slippage, 4 orders: −$63.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$904.15
Costs to cover: 0.842%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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, 5 min ago	0.60 bp	24.8 bp −$25	90.2 bp −$902	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.72 bp	19.2 bp −$19	65.4 bp −$654	doesn't fit	doesn't fit

AKE on 14 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 AKEUSDT	+0.0100%	1h	0.05740	−0.458%	$646K	$3.8M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05734	−0.565%	—	$702K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05732	−0.590%	$171K	$1.8M	10x	as long as short
Binance AKEUSDT	+0.0372%	4h	0.05757	−0.158%	$29.1M	$507.2M	10x	as long as short
MEXC AKE_USDT	+0.0374%	4h	0.05754	−0.213%	$14.6M	$36.4M	20x	as long as short
Extended AKE-USD	+0.0376%	1h	0.05762	−0.076%	$78K	$383K	5x	as long as short
edgeX 1000AKEUSDC	+0.0377%	4h	0.05779	+0.216%	$253K	$1.2M	5x	as long as short
KuCoin AKEUSDTM	+0.0422%	4h	0.05759	−0.121%	$8.2M	$44.7M	10x	as long as short
Bitget AKEUSDT	+0.0864%	1h	0.05773	+0.115%	$2.2M	$47.1M	10x	as long as short
Gate AKE_USDT	+0.1084%	4h	0.05763	−0.053%	$6.0M	$85.2M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AKE-USDT	+0.1512%	4h	0.05765	−0.025%	—	$10.6M	—	as long as short
OKX AKE-USDT-SWAPshort	+0.1628%	4h	0.05762	−0.074%	$5.1M	$482.9M	20x
Variational Omni AKE	+0.5625%	1h	0.05743	−0.398%	$162K	$743K	—	as long as short
Bybit AKEUSDTlong	+0.5921%	1h	0.05766	long leg	$18.5M	$183.1M	25x