EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0346%/8h= +37.9% APRnext payment +$1.73 per $10,000 · paid last 24h +0.038%

Price spread now: OKX against Bybit+0.170%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$232as in the Price arb table

costs, in and out, $10k−$2362.358% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.170%, 7d avg +0.135%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.034% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.135%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.73 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 EDGEUSDT	0.5895	0.0100	pay 0.0050% / 4h	2h 04m	$7.0M	$3.3M	25x
Short	OKX EDGE-USDT-SWAP	0.5905	0.0446	get 0.0223% / 4h	2h 04m	$3.6M	$5.8M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now +0.170%Rate

Funding earned: $72.71
Price spread: +0.170% → +0.135%: $3.43
Slippage, 4 orders: −$214.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$159.65
Costs to cover: 2.358%
Break-even: 22.4 days

Slippage from Bybit: live order book, 3 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, 3 min ago	3.40 bp	95.0 bp −$95	431.3 bp −$4,313	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.39 bp	17.7 bp −$18	74.4 bp −$744	doesn't fit	doesn't fit

EDGE on 16 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
Lighter EDGE	+0.0096%	1h	0.5894	−0.019%	$43K	$19K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5895	long leg	$7.0M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5899	+0.068%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5904	+0.153%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5904	+0.154%	$58K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5887	−0.128%	$189K	$131K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5875	−0.334%	$7K	$2.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5896	+0.017%	$9K	$303K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5854	−0.696%	$3K	$617K	10x	as long as short
edgeX EDGEUSDC	+0.0431%	4h	0.5892	−0.058%	$14.1M	$3.6M	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAPshort	+0.0446%	4h	0.5905	+0.170%	$3.6M	$5.8M	20x
Extended EDGE-USD	+0.0480%	1h	0.5901	+0.096%	$27K	$195K	5x	as long as short
MEXC EDGE_USDT	+0.0482%	4h	0.5903	+0.136%	$1.1M	$913K	50x	as long as short
Binance EDGEUSDT	+0.0483%	4h	0.5902	+0.119%	$10.1M	$10.3M	50x	as long as short
Aster EDGEUSDT	+0.0489%	4h	0.5907	+0.197%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0701%	4h	0.5902	+0.119%	$3K	—	10x	as long as short