Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.290%7-day average +0.215% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1291.294% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.290%, 7d avg +0.215%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.075% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.215%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.06898	0.0100	pay 0.0050% / 4h	1h 10m	$7.5M	$4.6M	13x
Short	OKX H-USDT-SWAP	0.06918	0.0100	get 0.0050% / 4h	1h 10m	$1.7M	$5.8M	10x

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 +0.290%Rate

Funding earned: $0
Price spread: +0.290% → +0.215%: $7.45
Slippage, 4 orders: −$108.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$121.97
Costs to cover: 1.294%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	5.08 bp	42.5 bp −$42	226.9 bp −$2,269	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.72 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.394%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0058%	4h	0.06909	+0.159%	$585K	$115K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06916	+0.255%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06915	+0.241%	$14.9M	$10.5M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06898	long leg	$7.5M	$4.6M	13x
OKX H-USDT-SWAPshort	+0.0100%	4h	0.06918	+0.290%	$1.7M	$5.8M	10x
Gate H_USDT	+0.0100%	4h	0.06904	+0.087%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06916	+0.261%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06903	+0.072%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06909	+0.159%	$1.7M	$448K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06919	+0.304%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06895	−0.041%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06908	+0.151%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06914	+0.226%	$11K	$107K	5x	as long as short