Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h −0.014%
Price spread now: Bybit against OKX+0.018%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1421.420% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.018%, 7d avg −0.075%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.093% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ATH-USDT-SWAP | 0.005576 | 0.0080 | pay 0.0040% / 4h | 1h 50m | $712K | $1.3M | 20x |
| Short | Bybit ATHUSDT | 0.005577 | 0.0100 | get 0.0050% / 4h | 1h 50m | $4.5M | $2.3M | 25x |
OKX ATH-USDT-SWAP
Bybit ATHUSDTFunding 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
- $4.14
- Price spread: +0.018% → −0.075%
- $9.27
- Slippage, 4 orders
- −$120.98
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$128.57
- Costs to cover
- 1.420%
- Break-even
- 224.3 days
Slippage from OKX: live order book, 1 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, 1 min ago | 3.59 bp | 37.0 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.58 bp | 30.6 bp −$31 | 145.9 bp −$1,459 | 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 | −0.4634% | 1h | 0.005569 | −0.123% | $19K | $108K | 10x | as long as short |
| dYdX ATH-USD | −0.0034% | 1h | 0.005599 | +0.421% | $11K | $16 | 5x | as long as short |
| Variational Omni ATH | +0.0005% | 4h | 0.005613 | +0.655% | $189K | $93K | — | as long as short |
| BloFin ATH-USDT | +0.0047% | 4h | 0.005568 | −0.143% | $173K | $62K | 75x | as long as short |
| OKX ATH-USDT-SWAPlong | +0.0080% | 4h | 0.005576 | long leg | $712K | $1.3M | 20x | |
| Aster ATHUSDT | +0.0100% | 4h | 0.005579 | +0.051% | $6K | $35K | 5x | as long as short |
| Binance ATHUSDT | +0.0100% | 4h | 0.005586 | +0.186% | $3.4M | $4.0M | 50x | as long as short |
| Bybit ATHUSDTshort | +0.0100% | 4h | 0.005577 | +0.018% | $4.5M | $2.3M | 25x | |
| Gate ATH_USDT | +0.0100% | 4h | 0.005568 | −0.143% | $795K | $515K | 30x | as long as short |
| MEXC ATH_USDT | +0.0100% | 4h | 0.005581 | +0.090% | $8.9M | $646K | 50x | as long as short |
Kraken Futures PF_ATHUSD
dYdX ATH-USD
Variational Omni ATH
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 | 0.005564 | −0.215% | $558K | $84K | 30x | as long as short |
| Bitget ATHUSDT | +0.0100% | 4h | 0.005589 | +0.233% | $1.6M | $810K | 25x | as long as short |
| BingX ATH-USDT | +0.0100% | 4h | 0.005581 | +0.090% | — | $22.0M | — | as long as short |
KuCoin ATHUSDTM
Bitget ATHUSDT
BingX ATH-USDT