Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2674 | −2.1492 | get 0.5373% / 2h | 1h 03m | $1.0M | $22.7M | 20x | Long OKX | |
| SHORT | 0.2705 | −2.2487 | pay 1.1243% / 4h | 3h 03m | $1.5M | $16.9M | 20x | Short Bybit |
Price gap+1.159%
Funding gap−0.0995% /8h
Both sides work against this direction now: funding costs $30 a day on $10k and the gap is 0.220% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$102−0.0995% /8h now · paid −1.023% over the last 2 days (all we have)
Price−$22spread +1.159% now, avg +1.380% → −0.220% if it goes back
Costs−$1441.439% of $10k · taker + slippage, in and out
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+1.159%
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 11 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Watch: Thin at this size31.5 / 43.3 bpAt $10k entering Bybit costs 43.3 bp, fee and slippage, 1.4× OKX’s.
- Note: Margin at max leverage$500 + $500OKX 20x, Bybit 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ2h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$29.85Long OKX: 12 payments, +$644.75; short Bybit: 6 payments, −$674.60.
- Watch: Gap narrower than usual+1.159% vs +1.380%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$1.0M vs $1.5M OIBoth legs are deep; OKX is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCOKX Yes · Bybit YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.1820%/8h × 21 periods−$382.30
Price spread+1.159% → +1.380% (7d avg)−$22.04
Slippage, 4 orderslive order books−$122.91
Fee OKX bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$548.24
Costs to cover1.439%Break-evennever at this rate
Slippage: OKX: live order book, 4 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX7.4431.5 bp−$32131.3 bp−$1,313doesn’t fitdoesn’t fit
SELL · SHORTBybit5.5243.3 bp−$43223.0 bp−$2,230doesn’t fitdoesn’t fit
Closing costs about the same again.
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