Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.027%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1511.506% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.027%, 7d avg −0.097%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.070% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AUCTIONUSDT | 3.7200 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $593K | $270K | 25x |
| Short | OKX AUCTION-USDT-SWAP | 3.7190 | 0.0100 | get 0.0050% / 4h | 3h 58m | $786K | $706K | 20x |
Bybit AUCTIONUSDT
OKX AUCTION-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
- $0
- Price spread: −0.027% → −0.097%
- $7.01
- Slippage, 4 orders
- −$129.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$143.58
- Costs to cover
- 1.506%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 52 min ago; OKX: live order book, 58 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, 52 min ago | 5.43 bp | 40.1 bp −$40 | 107.2 bp −$1,072 | doesn't fit | doesn't fit |
| Sell OKX live order book, 58 min ago | 4.07 bp | 32.2 bp −$32 | 1326.2 bp −$13.3K | doesn't fit | doesn't fit |
AUCTION on 11 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_AUCTIONUSD | −0.0169% | 1h | 3.7222 | +0.060% | $8K | $272 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7185 | −0.040% | $929 | $3K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.7200 | 0.000% | $2.4M | $1.6M | 50x | as long as short |
| Bybit AUCTIONUSDTlong | +0.0100% | 4h | 3.7200 | long leg | $593K | $270K | 25x | |
| OKX AUCTION-USDT-SWAPshort | +0.0100% | 4h | 3.7190 | −0.027% | $786K | $706K | 20x | |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7220 | +0.054% | $106K | $68K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7200 | 0.000% | $442K | $142K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.7190 | −0.027% | $371K | $110K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7210 | +0.027% | $375K | $153K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7210 | +0.027% | — | $12.3M | — | as long as short |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Binance AUCTIONUSDT
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
Bitget AUCTIONUSDT
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7228 | +0.077% | $172 | $38 | — | as long as short |
Variational Omni AUCTION