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Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0395%/8h= −43.3% APRnext payment −$1.98 per $10,000 · paid last 24h −0.036%

Price spread now: Bybit against OKX−0.173%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$1971.971% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 7 days+0.202%+$20 · spread now −0.173%, 7d avg 0.000%

Together, before fees+0.032%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.173% cheaper against OKX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.98 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 HOME-USDT-SWAP	0.006937	0.0495	pay 0.0248% / 4h	1h 15m	$1.8M	$6.1M	20x
Short	Bybit HOMEUSDT	0.006925	0.0100	get 0.0050% / 4h	1h 15m	$3.1M	$3.9M	25x

Funding 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 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 OKXbpFee BybitbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$82.97
Price spread: −0.173% → 0.000%: −$17.32
Slippage, 4 orders: −$176.06
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$297.35
Costs to cover: 1.971%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: 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 OKX live order book, 3 min ago	2.16 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.44 bp	81.5 bp −$82	256.2 bp −$2,562	doesn't fit	doesn't fit

HOME on 11 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 HOME-USDT	+0.0070%	4h	0.006936	−0.014%	—	$6.6M	—	as long as short
Aster HOMEUSDT	+0.0100%	4h	0.006933	−0.057%	$51K	$48K	5x	as long as short
Binance HOMEUSDT	+0.0100%	4h	0.006931	−0.086%	$4.7M	$11.9M	50x	as long as short
Bybit HOMEUSDTshort	+0.0100%	4h	0.006925	−0.173%	$3.1M	$3.9M	25x
Gate HOME_USDT	+0.0100%	4h	0.006930	−0.101%	$497K	$1.6M	75x	as long as short
KuCoin HOMEUSDTM	+0.0100%	4h	0.006932	−0.072%	$2.9M	$141K	30x	as long as short
Bitget HOMEUSDT	+0.0100%	4h	0.006927	−0.144%	$1.2M	$1.3M	20x	as long as short
Variational Omni HOME	+0.0100%	4h	0.006929	−0.120%	$7K	$2K	—	as long as short
BloFin HOME-USDT	+0.0131%	4h	0.006931	−0.086%	$286K	$27K	50x	as long as short
MEXC HOME_USDT	+0.0254%	4h	0.006928	−0.130%	$416K	$155K	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX HOME-USDT-SWAPlong	+0.0495%	4h	0.006937	long leg	$1.8M	$6.1M	20x