Funding you earn now, next payment 04:00 UTC−0.0471%/8h= −51.6% APRnext payment −$2.35 per $10,000 · paid last 24h +0.004%
Price spread now: OKX against Bybit−0.019%7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$486as in the Funding arb table
Net, price: spread back to 7d avg − costs−$492as in the Price arb table
costs, in and out, $10k−$4844.840% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.019%, 7d avg +0.061%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and OKX is 0.080% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.35 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 | Bybit ATUSDT | 0.1575 | 0.0609 | pay 0.0305% / 4h | 3h 38m | $482K | $825K | 25x |
| Short | OKX AT-USDT-SWAP | 0.1575 | 0.0138 | get 0.0069% / 4h | 3h 38m | $213K | $483K | 20x |
Bybit ATUSDT
OKX AT-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
- −$98.89
- Price spread: −0.019% → +0.061%
- −$8.04
- Slippage, 4 orders
- −$463.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$590.97
- Costs to cover
- 4.840%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 31 min ago; OKX: live order book, 32 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, 31 min ago | 7.32 bp | 193.2 bp −$193 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 32 min ago | 3.18 bp | 53.0 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
AT on 10 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 AT-USDT | +0.0079% | 4h | 0.1573 | −0.146% | $368K | $7K | 50x | as long as short |
| Aster ATUSDT | +0.0100% | 4h | 0.1573 | −0.159% | $32K | $11K | 5x | as long as short |
| Binance ATUSDT | +0.0100% | 4h | 0.1573 | −0.160% | $8.6M | $3.3M | 50x | as long as short |
| Gate AT_USDT | +0.0100% | 4h | 0.1574 | −0.083% | $152K | $162K | 20x | as long as short |
| MEXC AT_USDT | +0.0100% | 4h | 0.1572 | −0.209% | $195K | $166K | 50x | as long as short |
| KuCoin ATUSDTM | +0.0100% | 4h | 0.1573 | −0.146% | $244K | $138K | 50x | as long as short |
| Bitget ATUSDT | +0.0100% | 4h | 0.1575 | −0.019% | $702K | $138K | 50x | as long as short |
| OKX AT-USDT-SWAPshort | +0.0138% | 4h | 0.1575 | −0.019% | $213K | $483K | 20x | |
| Bybit ATUSDTlong | +0.0609% | 4h | 0.1575 | long leg | $482K | $825K | 25x | |
| BingX AT-USDT | +0.0916% | 4h | 0.1575 | −0.019% | — | $6.5M | — | as long as short |
BloFin AT-USDT
Aster ATUSDT
Binance ATUSDT
Gate AT_USDT
MEXC AT_USDT
KuCoin ATUSDTM
Bitget ATUSDT
BingX AT-USDT