Funding you earn now, next payment 04:00 UTC−0.3014%/8h= −330.1% APRnext payment −$15.07 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.243%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1481.480% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 7 days+0.251%+$25 · spread now −0.243%, 7d avg −0.013%
=Both sides work against this trade now: funding costs −$90 a day on $10k at the current rate, and OKX is 0.230% cheaper against Bybit than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.07 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 DATAUSDT | 0.2226 | −0.1169 | get 0.0585% / 4h | 1h 19m | $1.4M | $2.0M | 20x |
| Short | OKX DATA-USDT-SWAP | 0.2221 | −0.4184 | pay 0.2092% / 4h | 1h 19m | $1.3M | $8.1M | 20x |
Bybit DATAUSDT
OKX DATA-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
- −$633.03
- Price spread: −0.243% → −0.013%
- −$22.96
- Slippage, 4 orders
- −$127.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$804.03
- Costs to cover
- 1.480%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago | 9.04 bp | 43.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 6.79 bp | 26.9 bp −$27 | 123.9 bp −$1,239 | doesn't fit | doesn't fit |
DATA on 9 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 DATA-USDT | −0.4228% | 4h | 0.2215 | −0.512% | $121K | $7K | 20x | as long as short |
| OKX DATA-USDT-SWAPshort | −0.4184% | 4h | 0.2221 | −0.243% | $1.3M | $8.1M | 20x | |
| MEXC DATA_USDT | −0.4182% | 4h | 0.2223 | −0.153% | $102K | $273K | 20x | as long as short |
| Gate DATA_USDT | −0.2622% | 4h | 0.2224 | −0.108% | $115K | $96K | 20x | as long as short |
| Extended DATA-USD | −0.2600% | 1h | 0.2223 | −0.160% | $926 | $60 | 5x | as long as short |
| KuCoin DATAUSDTM | −0.1910% | 4h | 0.2220 | −0.269% | $208K | $1.0M | 30x | as long as short |
| Bybit DATAUSDTlong | −0.1169% | 4h | 0.2226 | long leg | $1.4M | $2.0M | 20x | |
| Bitget DATAUSDT | −0.0028% | 4h | 0.2230 | +0.162% | $682K | $539K | 50x | as long as short |
| Lighter DATA | +0.0096% | 1h | 0.2225 | −0.063% | $59K | $252K | 10x | as long as short |
BloFin DATA-USDT
MEXC DATA_USDT
Gate DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Bitget DATAUSDT
Lighter DATA