Funding you earn now, next payment 04:00 UTC−0.0352%/8h= −38.5% APRnext payment −$1.76 per $10,000 · paid last 24h −0.029%
Price spread now: Bybit against OKX+0.036%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$255as in the Price arb table
costs, in and out, $10k−$2522.521% of the position
Funding, last 7 days−0.125%−$13 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.036%, 7d avg +0.069%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.032% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.069%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.125% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.76 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BARD-USDT-SWAP | 0.1376 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $729K | $1.0M | 20x |
| Short | Bybit BARDUSDT | 0.1376 | −0.0252 | pay 0.0126% / 4h | 2h 08m | $1.0M | $334K | 25x |
OKX BARD-USDT-SWAP
Bybit BARDUSDTFunding 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
- −$73.84
- Price spread: +0.036% → +0.069%
- −$3.23
- Slippage, 4 orders
- −$231.09
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$329.16
- Costs to cover
- 2.521%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 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, 3 min ago | 7.25 bp | 26.0 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.63 bp | 82.8 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
BARD 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BARDUSDTshort | −0.0252% | 4h | 0.1376 | +0.036% | $1.0M | $334K | 25x | |
| BingX BARD-USDT | −0.0172% | 4h | 0.1374 | −0.145% | — | $6.5M | — | as long as short |
| Aster BARDUSDT | +0.0100% | 4h | 0.1375 | −0.043% | $18K | $16K | 5x | as long as short |
| Binance BARDUSDT | +0.0100% | 4h | 0.1376 | 0.000% | $2.2M | $1.8M | 25x | as long as short |
| OKX BARD-USDT-SWAPlong | +0.0100% | 4h | 0.1376 | long leg | $729K | $1.0M | 20x | |
| Gate BARD_USDT | +0.0100% | 4h | 0.1376 | 0.000% | $193K | $33K | 20x | as long as short |
| MEXC BARD_USDT | +0.0100% | 4h | 0.1375 | −0.073% | $767K | $164K | 50x | as long as short |
| KuCoin BARDUSDTM | +0.0100% | 4h | 0.1372 | −0.320% | $104K | $68K | 25x | as long as short |
| Bitget BARDUSDT | +0.0100% | 4h | 0.1375 | −0.073% | $1.1M | $150K | 20x | as long as short |
| Variational Omni BARD | +0.0100% | 4h | 0.1380 | +0.306% | $12K | $1 | — | as long as short |
BingX BARD-USDT
Aster BARDUSDT
Binance BARDUSDT
Gate BARD_USDT
MEXC BARD_USDT
KuCoin BARDUSDTM
Bitget BARDUSDT
Variational Omni BARDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BARD_USDT_Perp | +0.0100% | 4h | 0.1379 | +0.238% | $138K | $533K | 10x | as long as short |
GRVT BARD_USDT_Perp