Funding you earn now, next payment 08:00 UTC−0.0312%/8h= −34.1% APRnext payment −$1.56 per $10,000 · paid last 24h +0.017%
Price spread now: Bybit against OKX−0.065%7-day average +0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$920.921% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days+0.634%+$63 · spread now −0.065%, 7d avg +0.092%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.157% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.092%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.56 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 CAP-USDT-SWAP | 0.04625 | 0.0421 | pay 0.0210% / 4h | 1h 07m | $1.9M | $7.2M | 10x |
| Short | Bybit CAPUSDT | 0.04622 | 0.0109 | get 0.0054% / 4h | 1h 07m | $4.4M | $3.9M | 10x |
OKX CAP-USDT-SWAP
Bybit CAPUSDTFunding 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
- −$65.48
- Price spread: −0.065% → +0.092%
- −$15.7
- Slippage, 4 orders
- −$71.09
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$173.27
- Costs to cover
- 0.921%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 5 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 | 1.09 bp | 13.4 bp −$13 | 88.7 bp −$887 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.25 bp | 35.3 bp −$35 | 357.7 bp −$3,577 | doesn't fit | doesn't fit |
CAP on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04619 | −0.130% | — | — | 150x | as long as short |
| BingX CAP-USDT | +0.0070% | 4h | 0.04625 | 0.000% | — | $1.6M | — | as long as short |
| BloFin CAP-USDT | +0.0092% | 4h | 0.04607 | −0.389% | $363K | $63K | 10x | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04623 | −0.041% | $19K | $1K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04624 | −0.022% | $25K | $52K | 5x | as long as short |
| Binance CAPUSDT | +0.0100% | 4h | 0.04625 | 0.000% | $8.7M | $8.2M | 10x | as long as short |
| Gate CAP_USDT | +0.0100% | 4h | 0.04624 | −0.022% | $319K | $1.2M | 20x | as long as short |
| MEXC CAP_USDT | +0.0100% | 4h | 0.04624 | −0.022% | $535K | $216K | 20x | as long as short |
| KuCoin CAPUSDTM | +0.0100% | 4h | 0.04625 | 0.000% | $4.2M | $1.4M | 10x | as long as short |
| Bitget CAPUSDT | +0.0100% | 4h | 0.04620 | −0.108% | $1.0M | $612K | 10x | as long as short |
gTrade (Gains Network) CAP/USD
BingX CAP-USDT
BloFin CAP-USDT
Lighter CAP
Aster CAPUSDT
Binance CAPUSDT
Gate CAP_USDT
MEXC CAP_USDT
KuCoin CAPUSDTM
Bitget CAPUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CAP | +0.0100% | 4h | 0.04601 | −0.516% | $8K | $7K | — | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04619 | −0.138% | $4K | $2K | 10x | as long as short |
| Bybit CAPUSDTshort | +0.0109% | 4h | 0.04622 | −0.065% | $4.4M | $3.9M | 10x | |
| OKX CAP-USDT-SWAPlong | +0.0421% | 4h | 0.04625 | long leg | $1.9M | $7.2M | 10x |
Variational Omni CAP
Orderly PERP_CAP_USDC_mythos