Funding you earn now, next payment 00:00 UTC+0.0347%/8h= +38.0% APRnext payment +$3.47 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit+0.313%7-day average +0.212% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1251.248% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days−0.244%−$24 · spread now +0.313%, 7d avg +0.212%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.101% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.212%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.47 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 | Bybit COREUSDT | 0.02236 | −0.0247 | get 0.0247% / 8h | 2h 55m | $1.4M | $830K | 20x |
| Short | OKX CORE-USDT-SWAP | 0.02243 | 0.0100 | get 0.0100% / 8h | 2h 55m | $1.8M | $4.2M | 20x |
Bybit COREUSDT
OKX CORE-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $72.87
- Price spread: +0.313% → +0.212%
- $10.07
- Slippage, 4 orders
- −$103.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$41.83
- Costs to cover
- 1.248%
- Break-even
- 11.0 days
Slippage from Bybit: live order book, 5 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, 5 min ago | 4.46 bp | 33.2 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.23 bp | 24.2 bp −$24 | 177.6 bp −$1,776 | doesn't fit | doesn't fit |
CORE on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CORE | −0.0400% | 8h | 0.02246 | +0.449% | $8K | $872 | — | as long as short |
| Bybit COREUSDTlong | −0.0247% | 8h | 0.02236 | long leg | $1.4M | $830K | 20x | |
| OKX CORE-USDT-SWAPshort | +0.0100% | 8h | 0.02243 | +0.313% | $1.8M | $4.2M | 20x | |
| Gate CORE_USDT | +0.0100% | 8h | 0.02238 | +0.089% | $171K | $167K | 25x | as long as short |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02240 | +0.179% | $883K | $206K | 100x | as long as short |
| BingX CORE-USDT | +0.0151% | 8h | 0.02241 | +0.224% | — | $1.3M | — | as long as short |
Variational Omni CORE
Gate CORE_USDT
MEXC CORE_USDT
BingX CORE-USDT