Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: Bybit against OKX−0.070%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now −0.070%, 7d avg −0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.069% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ETHFI-USDT-SWAP | 0.7166 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $5.0M | $12.3M | 20x |
| Short | Bybit ETHFIUSDT | 0.7161 | 0.0100 | get 0.0050% / 4h | 2h 08m | $18.0M | $12.6M | 25x |
OKX ETHFI-USDT-SWAP
Bybit ETHFIUSDTFunding 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
- $0
- Price spread: −0.070% → −0.001%
- −$6.86
- Slippage, 4 orders
- −$43.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$71.09
- Costs to cover
- 0.642%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Bybit: live order book, just now.
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, 5 min ago | 1.39 bp | 15.2 bp −$15 | 41.4 bp −$414 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 2.79 bp | 17.0 bp −$17 | 47.3 bp −$473 | doesn't fit | doesn't fit |
ETHFI on 23 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 | −0.0307% | 1h | 0.7177 | +0.154% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0203% | 4h | 0.7172 | +0.084% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0124% | 4h | 0.7172 | +0.084% | $88K | $168K | 20x | as long as short |
| Variational Omni ETHFI | +0.0012% | 4h | 0.7203 | +0.513% | $1.1M | $717K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.033% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0061% | 8h | 0.7171 | +0.069% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7181 | +0.214% | $1.1M | $888K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7175 | +0.126% | $18.0M | $8.1M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7182 | +0.222% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7170 | +0.056% | $24.9M | $36.0M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7161 | −0.070% | $18.0M | $12.6M | 25x | |
| OKX ETHFI-USDT-SWAPlong | +0.0100% | 4h | 0.7166 | long leg | $5.0M | $12.3M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7175 | +0.126% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7172 | +0.084% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7170 | +0.056% | $1.2M | $256K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7153 | −0.181% | $6.1M | $5.3M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7174 | +0.112% | — | $26.0M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7198 | +0.452% | $72K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7174 | +0.112% | $2K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7153 | −0.175% | $97K | $376K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7171 | +0.071% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7253 | +1.214% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0226% | 1h | 0.7181 | +0.204% | $275K | $187K | 20x | as long as short |
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD