Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit−0.030%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1591.589% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.030%, 7d avg +0.065%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.095% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06712	0.0100	pay 0.0050% / 4h	3h 00m	$2.1M	$575K	25x
Short	OKX BASED-USDT-SWAP	0.06710	0.0100	get 0.0050% / 4h	3h 00m	$2.6M	$3.3M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.065%: −$9.53
Slippage, 4 orders: −$137.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$168.46
Costs to cover: 1.589%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: 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 Bybit live order book, 1 min ago	2.98 bp	47.0 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.98 bp	18.0 bp −$18	98.2 bp −$982	doesn't fit	doesn't fit

BASED on 15 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
Aster BASEDUSDT	+0.0100%	4h	0.06722	+0.151%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06722	+0.154%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06712	long leg	$2.1M	$575K	25x
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06710	−0.030%	$2.6M	$3.3M	20x
Gate BASED_USDT	+0.0100%	4h	0.06716	+0.060%	$535K	$519K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06722	+0.149%	$4.8M	$648K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06715	+0.045%	$566K	$109K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06721	+0.134%	$1.3M	$371K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06718	+0.089%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06718	+0.083%	$92K	$21K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06728	+0.243%	$93K	$379K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06719	+0.104%	$2K	$791K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06722	+0.153%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0130%	4h	0.06729	+0.253%	$252K	$37K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0233%	4h	0.06717	+0.074%	$3K	$745	10x	as long as short