Funding arb · Price arb /

BIGTIME

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.134%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1451.447% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.134%, 7d avg +0.076%

Together, before fees−0.046%−$5 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: Bybit is 0.059% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BIGTIME-USDT-SWAP	0.008200	0.0100	pay 0.0050% / 4h	2h 41m	$432K	$349K	10x
Short	Bybit BIGTIMEUSDT	0.008211	0.0100	get 0.0050% / 4h	2h 41m	$699K	$654K	25x

Funding 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 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 OKXbpFee BybitbpOrdersPrice spread, now +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.076%: $5.86
Slippage, 4 orders: −$123.67
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$138.81
Costs to cover: 1.447%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 64 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, 5 min ago	4.24 bp	45.3 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 64 min ago	2.40 bp	33.0 bp −$33	468.9 bp −$4,689	doesn't fit	doesn't fit

BIGTIME on 12 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
BloFin BIGTIME-USDT	+0.0080%	4h	0.008257	+0.695%	$70K	$10K	50x	as long as short
Hyperliquid BIGTIME	+0.0100%	1h	0.008209	+0.110%	$126K	$94K	3x	as long as short
Binance BIGTIMEUSDT	+0.0100%	4h	0.008210	+0.118%	$1.8M	$2.2M	50x	as long as short
Bybit BIGTIMEUSDTshort	+0.0100%	4h	0.008211	+0.134%	$699K	$654K	25x
OKX BIGTIME-USDT-SWAPlong	+0.0100%	4h	0.008200	long leg	$432K	$349K	10x
Gate BIGTIME_USDT	+0.0100%	4h	0.008230	+0.366%	$60K	$32K	50x	as long as short
MEXC BIGTIME_USDT	+0.0100%	4h	0.008208	+0.098%	$458K	$181K	125x	as long as short
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008223	+0.280%	$235K	$30K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008218	+0.220%	$549K	$228K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008206	+0.073%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BIGTIME	+0.0100%	4h	0.008215	+0.179%	$10K	$555	—	as long as short
Kraken Futures PF_BIGTIMEUSD	+3.9906%	1h	0.008264	+0.776%	$8K	$7K	10x	as long as short