Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.4054%/8h= +443.9% APRpaid last 24h +1.425%

Price spread now: Bybit against OKX−0.129%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−$186as in the Price arb table

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

Long on OKX Short on Bybit

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)+0.116%+$12 · spread now −0.129%, 7d avg +0.890%

Together, before fees−0.664%−$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 1.020% cheaper against OKX than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of +0.890%). If the spread goes back, that is −$102 on $10k: about 20 hours of funding at the current rate (+$122 a day). Mind the row above: over the last 6 days funding on this pair cost −0.780%, so the current rate has only just turned in your favour.

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	OKX AKE-USDT-SWAP	0.05732	0.1604	pay 0.0802% / 4h	11m 41s	$5.1M	$480.4M	20x
Short	Bybit AKEUSDT	0.05725	0.5658	get 0.0707% / 1h	11m 41s	$18.3M	$183.2M	25x

Funding 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 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 OKXbpFee BybitbpOrdersPrice spread, now −0.129%Rate

Funding earned: $851.35
Price spread: −0.129% → +0.890%: −$101.99
Slippage, 4 orders: −$63.21
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $665.14
Costs to cover: 0.842%
Break-even: 1.5 days

Slippage from OKX: live order book, 2 min ago; Bybit: 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 OKX live order book, 2 min ago	1.72 bp	17.7 bp −$18	55.6 bp −$556	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.60 bp	22.5 bp −$23	89.7 bp −$897	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	0.05735	+0.052%	$645K	$3.8M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05739	+0.127%	—	$702K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05748	+0.286%	$173K	$1.8M	10x	as long as short
edgeX 1000AKEUSDC	+0.0363%	4h	0.05811	+1.385%	$255K	$1.3M	5x	as long as short
Extended AKE-USD	+0.0376%	1h	0.05740	+0.131%	$78K	$384K	5x	as long as short
Binance AKEUSDT	+0.0377%	4h	0.05722	−0.170%	$28.9M	$507.3M	10x	as long as short
MEXC AKE_USDT	+0.0378%	4h	0.05728	−0.073%	$14.5M	$36.4M	20x	as long as short
KuCoin AKEUSDTM	+0.0410%	4h	0.05732	+0.002%	$8.2M	$44.7M	10x	as long as short
Bitget AKEUSDT	+0.0856%	1h	0.05727	−0.090%	$2.2M	$47.1M	10x	as long as short
Gate AKE_USDT	+0.1070%	4h	0.05744	+0.202%	$5.9M	$85.1M	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	0.05726	−0.099%	—	$10.6M	—	as long as short
OKX AKE-USDT-SWAPlong	+0.1604%	4h	0.05732	long leg	$5.1M	$480.4M	20x
Variational Omni AKE	+0.5479%	1h	0.05826	+1.642%	$163K	$767K	—	as long as short
Bybit AKEUSDTshort	+0.5658%	1h	0.05725	−0.129%	$18.3M	$183.2M	25x