Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2984 | −3.4697 | get 1.7349% / 4h | 1h 36m | $1.5M | $13.4M | 20x | Long Bybit | |
| SHORT | 0.2896 | −1.5059 | pay 0.7530% / 4h | 1h 36m | $1.2M | $23.6M | 20x | Short OKX |
Price gap−2.949%
Funding gap+1.9638% /8h
Funding pays +$589 a day on $10k, but the gap is 1.611% under its 7d average: −$161 if it goes back, about 7 hours of funding. At the last 7 days' pace that is about 34 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$88+1.9638% /8h now · paid +0.881% over the last 18 hours (all we have)
Price−$161spread −2.949% now, avg −1.338% → −1.611% if it goes back
Costs−$1671.674% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 18 hours it paid +0.881% in total, about +0.3835%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−2.949%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAXIS on 7 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size56.8 / 39.1 bpAt $10k entering Bybit costs 56.8 bp, fee and slippage, 1.5× OKX’s.
- Note: Margin at max leverage$500 + $500Bybit 20x, OKX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$589.15Long Bybit: 6 payments, +$1,040.92; short OKX: 6 payments, −$451.77.
- Watch: Gap narrower than usual−2.949% vs −1.338%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Short leg is thinner$1.2M vs $1.5M OIBoth legs are deep; OKX is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · OKX YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.3835%/8h × 21 periods+$805.39
Price spread−2.949% → −1.338% (7d avg)−$161.06
Slippage, 4 orderslive order books−$146.35
Fee Bybit bp × 2 orders−$11.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k+$476.98
Costs to cover1.674%Break-even2.9 days
Slippage: Bybit: live order book, 1 min ago; OKX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit5.0656.8 bp−$57402.8 bp−$4,028doesn’t fitdoesn’t fit
SELL · SHORTOKX5.2339.1 bp−$39128.0 bp−$1,280doesn’t fitdoesn’t fit
Closing costs about the same again.
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