Funding you earn now, next payment 04:00 UTC−0.0231%/8h= −25.3% APRnext payment −$1.15 per $10,000 · paid last 24h −0.075%
Price spread now: Bybit against OKX−0.027%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$502as in the Funding arb table
Net, price: spread back to 7d avg − costs−$476as in the Price arb table
costs, in and out, $10k−$4744.739% of the position
Funding, last 7 days−0.281%−$28 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now −0.027%, 7d avg −0.008%
=The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX APR-USDT-SWAP | 0.1464 | 0.0331 | pay 0.0165% / 4h | 27m 53s | $1.3M | $2.5M | 20x |
| Short | Bybit APRUSDT | 0.1464 | 0.0100 | get 0.0050% / 4h | 27m 53s | $1.4M | $640K | 20x |
OKX APR-USDT-SWAP
Bybit APRUSDTFunding 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
- −$48.5
- Price spread: −0.027% → −0.008%
- −$1.94
- Slippage, 4 orders
- −$452.89
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$524.33
- Costs to cover
- 4.739%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 3 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, 4 min ago | 6.81 bp | 40.2 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 10.20 bp | 144.5 bp −$144 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APRUSDT | +0.0100% | 4h | 0.1463 | −0.068% | $6.7M | $5.1M | 50x | as long as short |
| Bybit APRUSDTshort | +0.0100% | 4h | 0.1464 | −0.027% | $1.4M | $640K | 20x | |
| MEXC APR_USDT | +0.0100% | 4h | 0.1464 | 0.000% | $357K | $177K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1466 | +0.143% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0101% | 4h | 0.1471 | +0.478% | $19K | $58K | 20x | as long as short |
| Bitget APRUSDT | +0.0110% | 4h | 0.1464 | −0.014% | $3.9M | $963K | 50x | as long as short |
| BloFin APR-USDT | +0.0115% | 4h | 0.1467 | +0.205% | $286K | $110K | 50x | as long as short |
| BingX APR-USDT | +0.0314% | 4h | 0.1463 | −0.068% | — | $1.4M | — | as long as short |
| OKX APR-USDT-SWAPlong | +0.0331% | 4h | 0.1464 | long leg | $1.3M | $2.5M | 20x | |
| Gate APR_USDT | +0.0406% | 4h | 0.1464 | −0.014% | $699K | $186K | 25x | as long as short |
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
Bitget APRUSDT
BloFin APR-USDT
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 | +0.0827% | 4h | 0.1465 | +0.043% | $71K | $80K | 5x | as long as short |
| KuCoin APRUSDTM | +0.0864% | 4h | 0.1465 | +0.048% | $2.4M | $333K | 50x | as long as short |
Aster APRUSDT
KuCoin APRUSDTM