Funding you earn now, next payment 08:00 UTC−0.0140%/8h= −15.3% APRnext payment −$0.70 per $10,000 · paid last 24h +0.150%
Price spread now: Bybit against OKX−0.186%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2222.224% of the position
Funding, last 7 days+0.237%+$24 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.186%, 7d avg −0.109%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.077% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.109%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.237%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX COAI-USDT-SWAP | 0.3232 | 0.0240 | pay 0.0120% / 4h | 2h 21m | $1.2M | $452K | 10x |
| Short | Bybit COAIUSDT | 0.3226 | 0.0100 | get 0.0050% / 4h | 2h 21m | $2.8M | $407K | 13x |
OKX COAI-USDT-SWAP
Bybit COAIUSDTFunding 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
- −$29.36
- Price spread: −0.186% → −0.109%
- −$7.65
- Slippage, 4 orders
- −$201.37
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$259.38
- Costs to cover
- 2.224%
- Break-even
- never at this rate
Slippage from OKX: live order book, just now; Bybit: live order book, 1 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, just now | 3.10 bp | 36.6 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.65 bp | 75.4 bp −$75 | 428.1 bp −$4,281 | doesn't fit | doesn't fit |
COAI 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT COAI_USDT_Perp | 0.0000% | 4h | 0.2809 | −13.088% | $237K | $897 | 10x | as long as short |
| Aster COAIUSDT | +0.0100% | 4h | 0.3225 | −0.205% | $35K | $14K | 5x | as long as short |
| Bybit COAIUSDTshort | +0.0100% | 4h | 0.3226 | −0.186% | $2.8M | $407K | 13x | |
| Gate COAI_USDT | +0.0100% | 8h | 0.3223 | −0.278% | $1.3M | $78K | 10x | as long as short |
| Bitget COAIUSDT | +0.0100% | 4h | 0.3232 | 0.000% | $2.2M | $211K | 10x | as long as short |
| SunX COAI-USDT | +0.0100% | 4h | 0.3226 | −0.198% | $1K | $1.1M | 20x | as long as short |
| KuCoin COAIUSDTM | +0.0188% | 4h | 0.3223 | −0.291% | $2.4M | $2.2M | 10x | as long as short |
| OKX COAI-USDT-SWAPlong | +0.0240% | 4h | 0.3232 | long leg | $1.2M | $452K | 10x | |
| Binance COAIUSDT | +0.0351% | 4h | 0.3229 | −0.093% | $3.4M | $1.3M | 10x | as long as short |
| MEXC COAI_USDT | +0.0352% | 4h | 0.3228 | −0.124% | $2.9M | $362K | 50x | as long as short |
GRVT COAI_USDT_Perp
Aster COAIUSDT
Gate COAI_USDT
Bitget COAIUSDT
SunX COAI-USDT
KuCoin COAIUSDTM
Binance COAIUSDT
MEXC COAI_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX COAI-USDT | +0.0354% | 4h | 0.3224 | −0.248% | — | $2.3M | — | as long as short |
BingX COAI-USDT