Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h +0.014%
Price spread now: OKX against Bybit+0.090%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1311.312% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.090%, 7d avg +0.074%
=The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ATHUSDT | 0.005566 | 0.0100 | pay 0.0050% / 4h | 4m 39s | $4.4M | $2.3M | 25x |
| Short | OKX ATH-USDT-SWAP | 0.005571 | 0.0066 | get 0.0033% / 4h | 4m 39s | $706K | $1.2M | 20x |
Bybit ATHUSDT
OKX ATH-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
- −$7.22
- Price spread: +0.090% → +0.074%
- $1.53
- Slippage, 4 orders
- −$110.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$136.93
- Costs to cover
- 1.312%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: 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 Bybit live order book, 3 min ago | 3.61 bp | 27.7 bp −$28 | 153.7 bp −$1,537 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 7.21 bp | 35.8 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
ATH on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ATHUSD | −0.3574% | 1h | 0.005555 | −0.203% | $19K | $106K | 10x | as long as short |
| Variational Omni ATH | −0.0047% | 4h | 0.005544 | −0.400% | $186K | $94K | — | as long as short |
| dYdX ATH-USD | 0.0000% | 1h | 0.005579 | +0.236% | $11K | $16 | 5x | as long as short |
| OKX ATH-USDT-SWAPshort | +0.0066% | 4h | 0.005571 | +0.090% | $706K | $1.2M | 20x | |
| BloFin ATH-USDT | +0.0093% | 4h | 0.005552 | −0.252% | $171K | $68K | 75x | as long as short |
| Aster ATHUSDT | +0.0100% | 4h | 0.005574 | +0.140% | $4K | $38K | 5x | as long as short |
| Binance ATHUSDT | +0.0100% | 4h | 0.005579 | +0.234% | $3.4M | $3.8M | 50x | as long as short |
| Bybit ATHUSDTlong | +0.0100% | 4h | 0.005566 | long leg | $4.4M | $2.3M | 25x | |
| Gate ATH_USDT | +0.0100% | 4h | 0.005562 | −0.072% | $793K | $521K | 30x | as long as short |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005576 | +0.180% | $9.0M | $589K | 50x | as long as short |
Kraken Futures PF_ATHUSD
Variational Omni ATH
dYdX ATH-USD
BloFin ATH-USDT
Aster ATHUSDT
Binance ATHUSDT
Gate ATH_USDT
MEXC ATH_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ATHUSDTM | +0.0100% | 4h | 0.005566 | 0.000% | $569K | $78K | 30x | as long as short |
| Bitget ATHUSDT | +0.0100% | 4h | 0.005572 | +0.108% | $1.6M | $814K | 25x | as long as short |
| BingX ATH-USDT | +0.0100% | 4h | 0.005572 | +0.108% | — | $21.4M | — | as long as short |
KuCoin ATHUSDTM
Bitget ATHUSDT
BingX ATH-USDT