Funding you earn now, next payment 00:00 UTC−0.0580%/8h= −63.5% APRnext payment −$2.90 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against OKX−0.235%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1691.686% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 7 days+0.124%+$12 · spread now −0.235%, 7d avg −0.134%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.100% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.134%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.90 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 EDGE-USDT-SWAP | 0.5967 | 0.0680 | pay 0.0340% / 4h | 9m 33s | $3.7M | $5.9M | 20x |
| Short | Bybit EDGEUSDT | 0.5953 | 0.0100 | get 0.0050% / 4h | 9m 33s | $7.0M | $3.3M | 25x |
OKX EDGE-USDT-SWAP
Bybit EDGEUSDTFunding 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
- −$121.71
- Price spread: −0.235% → −0.134%
- −$10.03
- Slippage, 4 orders
- −$147.58
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$300.32
- Costs to cover
- 1.686%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Bybit: 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 OKX live order book, 3 min ago | 1.68 bp | 23.8 bp −$24 | 147.1 bp −$1,471 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.67 bp | 46.7 bp −$47 | 325.2 bp −$3,252 | doesn't fit | doesn't fit |
EDGE on 17 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 | 0.5941 | −0.441% | $55K | $8K | 3x | as long as short |
| Bybit EDGEUSDTshort | +0.0100% | 4h | 0.5953 | −0.235% | $7.0M | $3.3M | 25x | |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5952 | −0.251% | $4.7M | $1.0M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5951 | −0.270% | $58K | $101K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5937 | −0.500% | $190K | $133K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5947 | −0.335% | $7K | $1.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5977 | +0.168% | $9K | $289K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5910 | −0.955% | $4K | $612K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0164% | 4h | 0.5957 | −0.168% | $2.1M | $2.2M | 50x | as long as short |
| Aster EDGEUSDT | +0.0602% | 4h | 0.5957 | −0.170% | $69K | $133K | 5x | as long as short |
Lighter EDGE
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
KuCoin EDGEUSDTM
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance EDGEUSDT | +0.0619% | 4h | 0.5960 | −0.117% | $10.1M | $10.1M | 50x | as long as short |
| Extended EDGE-USD | +0.0624% | 1h | 0.5958 | −0.145% | $27K | $230K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0624% | 4h | 0.5960 | −0.117% | $1.2M | $916K | 50x | as long as short |
| BloFin EDGE-USDT | +0.0674% | 4h | 0.5966 | −0.017% | $642K | $95K | 50x | as long as short |
| OKX EDGE-USDT-SWAPlong | +0.0680% | 4h | 0.5967 | long leg | $3.7M | $5.9M | 20x | |
| edgeX EDGEUSDC | +0.0694% | 4h | 0.5971 | +0.067% | $14.3M | $3.5M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0724% | 4h | 0.5953 | −0.235% | $3K | — | 10x | as long as short |
Binance EDGEUSDT
Extended EDGE-USD
MEXC EDGE_USDT
BloFin EDGE-USDT
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC