Funding you earn now, next payment 04:00 UTC−0.0629%/8h= −68.9% APRnext payment −$3.15 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against OKX+0.034%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1221.221% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days−0.015%−$2 · spread now +0.034%, 7d avg +0.004%
=The price spread pays, funding is against you. Bybit is 0.030% dearer against OKX than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.004%): +$3 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.089% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.15 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 CC-USDT-SWAP | 0.1171 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $2.5M | $3.5M | 20x |
| Short | Bybit CCUSDT | 0.1172 | −0.0529 | pay 0.0265% / 4h | 2h 55m | $10.6M | $3.8M | 25x |
OKX CC-USDT-SWAP
Bybit CCUSDTFunding 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
- −$132.13
- Price spread: +0.034% → +0.004%
- $2.98
- Slippage, 4 orders
- −$101.15
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$251.29
- Costs to cover
- 1.221%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 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, 2 min ago | 2.54 bp | 22.7 bp −$23 | 821.9 bp −$8,219 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.06 bp | 35.7 bp −$36 | 308.5 bp −$3,085 | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3556% | 1h | 0.1184 | +1.093% | $6K | $96 | 5.5x | as long as short |
| Bybit CCUSDTshort | −0.0529% | 4h | 0.1172 | +0.034% | $10.6M | $3.8M | 25x | |
| MEXC CC_USDT | −0.0528% | 4h | 0.1172 | +0.094% | $1.6M | $312K | 100x | as long as short |
| Paradex CC-USD-PERP | +0.0081% | 8h | 0.1170 | −0.062% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1178 | +0.546% | $5.5M | $1.4M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1179 | +0.692% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1174 | +0.207% | $11.1M | $11.8M | 75x | as long as short |
| OKX CC-USDT-SWAPlong | +0.0100% | 4h | 0.1171 | long leg | $2.5M | $3.5M | 20x | |
| Gate CC_USDT | +0.0100% | 4h | 0.1178 | +0.564% | $363K | $212K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1181 | +0.803% | $497K | $120K | 50x | as long as short |
Injective CC/USDC PERP
MEXC CC_USDT
Paradex CC-USD-PERP
Hyperliquid CC
Aster CCUSDT
Binance CCUSDT
Gate CC_USDT
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1178 | +0.615% | $928K | $801K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1177 | +0.521% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1177 | +0.521% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1179 | +0.633% | $601K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1186 | +1.272% | $82K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1177 | +0.527% | $6K | $36K | 6.7x | as long as short |
| Lighter CC | +0.0224% | 1h | 0.1176 | +0.410% | $233K | $150K | 5x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1184 | +1.067% | $598K | $102K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0449% / S −0.0241% | 1h | 0.1179 | +0.692% | $44K | — | 50x | as long as short |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
Lighter CC
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]