Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.08001 | +0.2449 | pay 0.1224% / 4h | 1h 58m | $971K | $1.9M | 20x | Long OKX | |
| SHORT | 0.07987 | +0.0100 | get 0.0050% / 4h | 1h 58m | $214K | $467K | 5x | Short Bybit |
Price gap−0.175%
Funding gap−0.2349% /8h
The gap pays +$16 on $10k if it goes back to its 7d average, but funding costs $70 a day and eats that in about 5 hours. At the last 7 days' pace that is about 40 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.2349% /8h now · paid −0.024% over the last 6 hours (all we have)
Price+$16spread −0.175% now, avg −0.335% → +0.160% if it goes back
Costs−$2642.645% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 0 days it paid −0.024% in total, about −0.0318%/8h on average.
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Bybit price against OKXnow
RANGE STATS · 7D
Now−0.175%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hKII on 6 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size29.5 / 127.1 bpAt $10k Bybit’s book costs 127.1 bp to enter, 4.3× OKX’s.
- Note: Margin at max leverage$500 + $2,000OKX 20x, Bybit 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$70.46Long OKX: 6 payments, −$73.46; short Bybit: 6 payments, +$3.00.
- OK: Entry gap works for you−0.175% vs −0.335%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$214K vs $971K OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCOKX Yes · Bybit YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0318%/8h × 21 periods−$66.84
Price spread−0.175% → −0.335% (7d avg)+$16.04
Slippage, 4 orderslive order books−$243.46
Fee OKX bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$315.26
Costs to cover2.645%Break-evennever at this rate
Slippage: OKX: live order book, 3 min ago; Bybit: live order book, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX3.1229.5 bp−$29doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit11.27127.1 bp−$127doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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| 09-28 10:03 | Bybit | Listing | new market KIIUSDT ($KII) seen by our collector |
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| 09-24 10:59 | OKX | Listing | new market KII-USDT-SWAP ($KII) seen by our collector |
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