Funding you earn now, next payment 04:00 UTC+0.0576%/8h= +63.1% APRnext payment +$2.88 per $10,000 · paid last 24h +0.876%
Price spread now: Bybit against OKX−0.256%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1401.395% of the position
Funding, last 7 days+0.925%+$93 on $10k
+Price spread, last 4 days (all we have)+0.371%+$37 · spread now −0.256%, 7d avg +0.008%
=Funding pays, the price is against you. Bybit is 0.265% cheaper against OKX than usual: you would sell low and buy high (spread −0.256% now, against its 7-day average of +0.008%). If the spread goes back, that is −$26 on $10k: about 37 hours of funding at the current rate (+$17 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ESP-USDT-SWAP | 0.09360 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $596K | $1.2M | 20x |
| Short | Bybit ESPUSDT | 0.09336 | 0.0676 | get 0.0338% / 4h | 2h 32m | $1.1M | $626K | 50x |
OKX ESP-USDT-SWAP
Bybit ESPUSDTFunding 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
- $120.96
- Price spread: −0.256% → +0.008%
- −$26.48
- Slippage, 4 orders
- −$118.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$45.04
- Costs to cover
- 1.395%
- Break-even
- 9.6 days
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 | 1.61 bp | 27.4 bp −$27 | 580.9 bp −$5,809 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.14 bp | 52.6 bp −$53 | 341.2 bp −$3,412 | doesn't fit | doesn't fit |
ESP on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.0036% | 4h | 0.09344 | −0.171% | — | $1.7M | — | as long as short |
| Aster ESPUSDT | +0.0100% | 4h | 0.09351 | −0.096% | $6K | $25K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09349 | −0.118% | $2.4M | $4.3M | 25x | as long as short |
| OKX ESP-USDT-SWAPlong | +0.0100% | 4h | 0.09360 | long leg | $596K | $1.2M | 20x | |
| Gate ESP_USDT | +0.0100% | 8h | 0.09353 | −0.075% | $174K | $610K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09348 | −0.128% | $1.2M | $117K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09358 | −0.021% | $1.5M | $50K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09351 | −0.098% | $939K | $159K | 20x | as long as short |
| edgeX ESPUSDC | +0.0118% | 4h | 0.09339 | −0.220% | $29K | $268K | 10x | as long as short |
| Bybit ESPUSDTshort | +0.0676% | 4h | 0.09336 | −0.256% | $1.1M | $626K | 50x |
BingX ESP-USDT
Aster ESPUSDT
Binance ESPUSDT
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC