Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX−0.193%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$1991.990% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.193%, 7d avg −0.129%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.064% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.129%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX INIT-USDT-SWAP | 0.08299 | 0.0100 | pay 0.0050% / 4h | 2h 51m | $136K | $651K | 10x |
| Short | Bybit INITUSDT | 0.08283 | 0.0100 | get 0.0050% / 4h | 2h 51m | $1.4M | $1.5M | 25x |
OKX INIT-USDT-SWAP
Bybit INITUSDTFunding 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: −0.193% → −0.129%
- −$6.37
- Slippage, 4 orders
- −$178
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$205.37
- Costs to cover
- 1.990%
- Break-even
- never at this rate
Slippage from OKX: live order book, 15 min ago; Bybit: live order book, 5 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, 15 min ago | 7.80 bp | 41.0 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 5.45 bp | 60.2 bp −$60 | 216.9 bp −$2,169 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | +0.0034% | 1h | 0.08283 | −0.196% | $5K | $17K | 10x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08283 | −0.192% | $300K | $232K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08291 | −0.095% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08294 | −0.065% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDTshort | +0.0100% | 4h | 0.08283 | −0.193% | $1.4M | $1.5M | 25x | |
| OKX INIT-USDT-SWAPlong | +0.0100% | 4h | 0.08299 | long leg | $136K | $651K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08275 | −0.289% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08286 | −0.157% | $450K | $210K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08273 | −0.313% | $329K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08284 | −0.181% | $430K | $303K | 25x | as long as short |
Kraken Futures PF_INITUSD
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08281 | −0.217% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08274 | −0.299% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0114% | 4h | 0.08290 | −0.108% | $155K | $112K | 25x | as long as short |
BingX INIT-USDT
Variational Omni INIT
BloFin INIT-USDT