Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX0.000%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as 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)+0.014%+$1 · spread now 0.000%, 7d avg +0.097%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.097% cheaper against OKX than usual: you would sell low and buy high, −$10 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 | OKX AUCTION-USDT-SWAP | 3.7170 | 0.0100 | pay 0.0050% / 4h | 3m 12s | $786K | $707K | 20x |
| Short | Bybit AUCTIONUSDT | 3.7170 | 0.0100 | get 0.0050% / 4h | 3m 12s | $593K | $271K | 25x |
OKX AUCTION-USDT-SWAP
Bybit AUCTIONUSDTFunding 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
- $0
- Price spread: 0.000% → +0.097%
- −$9.7
- Slippage, 4 orders
- −$129.59
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$160.29
- Costs to cover
- 1.506%
- Break-even
- never at this rate
Slippage from OKX: live order book, 53 min ago; Bybit: live order book, 47 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, 53 min ago | 4.07 bp | 40.4 bp −$40 | 657.0 bp −$6,570 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 47 min ago | 5.43 bp | 37.9 bp −$38 | 97.6 bp −$976 | 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 | −0.0293% | 1h | 3.7224 | +0.146% | $8K | $272 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7168 | −0.004% | $928 | $3K | 5x | as long as short |
| Binance AUCTIONUSDT | +0.0100% | 4h | 3.7210 | +0.108% | $2.4M | $1.6M | 50x | as long as short |
| Bybit AUCTIONUSDTshort | +0.0100% | 4h | 3.7170 | 0.000% | $593K | $271K | 25x | |
| OKX AUCTION-USDT-SWAPlong | +0.0100% | 4h | 3.7170 | long leg | $786K | $707K | 20x | |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7170 | 0.000% | $106K | $70K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7210 | +0.108% | $440K | $146K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.7150 | −0.054% | $371K | $110K | 20x | as long as short |
| Bitget AUCTIONUSDT | +0.0100% | 4h | 3.7220 | +0.135% | $375K | $154K | 25x | as long as short |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7170 | 0.000% | — | $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 | 3.7193 | +0.063% | $172 | $38 | — | as long as short |
Variational Omni AUCTION