Funding you earn now, next payment 08:00 UTC+0.0244%/8h= +26.7% APRnext payment +$1.22 per $10,000 · paid last 24h +0.079%
Price spread now: OKX against Bybit−0.068%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$442as in the Funding arb table
Net, price: spread back to 7d avg − costs−$479as in the Price arb table
costs, in and out, $10k−$4714.713% of the position
Funding, last 7 days+0.298%+$30 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now −0.068%, 7d avg +0.008%
=Funding pays, the price is against you. OKX is 0.076% cheaper against Bybit than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.008%). If the spread goes back, that is −$8 on $10k: about 25 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit APRUSDT | 0.1474 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $1.4M | $641K | 20x |
| Short | OKX APR-USDT-SWAP | 0.1473 | 0.0344 | get 0.0172% / 4h | 3h 30m | $1.3M | $2.5M | 20x |
Bybit APRUSDT
OKX APR-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
- $51.19
- Price spread: −0.068% → +0.008%
- −$7.58
- Slippage, 4 orders
- −$450.3
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$427.69
- Costs to cover
- 4.713%
- Break-even
- 65.5 days
Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 1 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 | 3.40 bp | 229.4 bp −$229 | 6935.3 bp −$69.4K | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 6.78 bp | 35.6 bp −$36 | 368.9 bp −$3,689 | doesn't fit | doesn't fit |
APR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDT | +0.0074% | 4h | 0.1474 | 0.000% | $288K | $110K | 50x | as long as short |
| Binance APRUSDT | +0.0100% | 4h | 0.1473 | −0.068% | $6.7M | $5.2M | 50x | as long as short |
| Bybit APRUSDTlong | +0.0100% | 4h | 0.1474 | long leg | $1.4M | $641K | 20x | |
| MEXC APR_USDT | +0.0100% | 4h | 0.1473 | −0.068% | $359K | $175K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1474 | −0.020% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1478 | +0.271% | $19K | $58K | 20x | as long as short |
| Bitget APRUSDT | +0.0310% | 4h | 0.1475 | +0.041% | $3.9M | $986K | 50x | as long as short |
| OKX APR-USDT-SWAPshort | +0.0344% | 4h | 0.1473 | −0.068% | $1.3M | $2.5M | 20x | |
| BingX APR-USDT | +0.0356% | 4h | 0.1475 | +0.068% | — | $1.4M | — | as long as short |
| Gate APR_USDT | +0.0380% | 4h | 0.1472 | −0.142% | $694K | $192K | 25x | as long as short |
BloFin APR-USDT
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
Bitget APRUSDT
BingX APR-USDT
Gate APR_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0891% | 4h | 0.1473 | −0.102% | $71K | $80K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0956% | 4h | 0.1473 | −0.095% | $2.4M | $340K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM