Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: OKX against Bybit+0.028%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.555% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days−0.009%−$1 · spread now +0.028%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7172 | 0.0100 | pay 0.0050% / 4h | 1h 22m | $18.2M | $13.0M | 25x |
| Short | OKX ETHFI-USDT-SWAP | 0.7174 | 0.0100 | get 0.0050% / 4h | 1h 22m | $4.9M | $12.6M | 20x |
Bybit ETHFIUSDT
OKX ETHFI-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
- $0
- Price spread: +0.028% → 0.000%
- $2.75
- Slippage, 4 orders
- −$34.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$52.8
- Costs to cover
- 0.555%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 0.70 bp | 14.1 bp −$14 | 41.7 bp −$417 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.70 bp | 10.2 bp −$10 | 35.4 bp −$354 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0587% | 1h | 0.7160 | −0.167% | $42K | $18K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7170 | −0.026% | $281K | $148K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0189% | 4h | 0.7123 | −0.683% | $83K | $165K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0184% | 4h | 0.7169 | −0.042% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0031% | 8h | 0.7166 | −0.089% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.7165 | −0.103% | $93K | $493K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.948% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0034% | 4h | 0.7168 | −0.056% | $15.1M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0034% | 4h | 0.7168 | −0.055% | $24.8M | $37.2M | 75x | as long as short |
| Bitget ETHFIUSDT | +0.0082% | 4h | 0.7169 | −0.042% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7165 | −0.103% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7167 | −0.075% | $1.1M | $898K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7181 | +0.124% | $18.2M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7169 | −0.038% | $183K | $258K | 10x | as long as short |
| Bybit ETHFIUSDTlong | +0.0100% | 4h | 0.7172 | long leg | $18.2M | $13.0M | 25x | |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.7174 | +0.028% | $4.9M | $12.6M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7173 | +0.014% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7167 | −0.070% | $1.2M | $272K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7172 | 0.000% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7143 | −0.403% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7172 | 0.000% | $59K | $93K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7160 | −0.167% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0138% | 4h | 0.7156 | −0.223% | $1.3M | $291K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7168 | −0.056% | $31K | $7K | 50x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX