Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: OKX against Bybit+0.027%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1291.290% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.027%, 7d avg −0.075%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.103% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEUSDT | 0.07308 | 0.0100 | pay 0.0050% / 4h | 1h 10m | $1.4M | $646K | 25x |
| Short | OKX ME-USDT-SWAP | 0.07310 | 0.0100 | get 0.0050% / 4h | 1h 10m | $460K | $980K | 20x |
Bybit MEUSDT
OKX ME-USDT-SWAPFunding 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 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: +0.027% → −0.075%
- $10.25
- Slippage, 4 orders
- −$107.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$118.71
- Costs to cover
- 1.290%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago | 4.78 bp | 44.6 bp −$45 | 358.4 bp −$3,584 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 1.37 bp | 28.7 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
ME 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ME | +0.0100% | 1h | 0.07308 | 0.000% | $230K | $96K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07305 | −0.040% | $17K | $11K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07311 | +0.041% | $2.1M | $3.8M | 50x | as long as short |
| Bybit MEUSDTlong | +0.0100% | 4h | 0.07308 | long leg | $1.4M | $646K | 25x | |
| OKX ME-USDT-SWAPshort | +0.0100% | 4h | 0.07310 | +0.027% | $460K | $980K | 20x | |
| Gate ME_USDT | +0.0100% | 8h | 0.07310 | +0.027% | $189K | $74K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07310 | +0.027% | $491K | $130K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07307 | −0.014% | $204K | $25K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07319 | +0.151% | $636K | $416K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07311 | +0.041% | — | $1.3M | — | as long as short |
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07318 | +0.131% | $11K | $2K | — | as long as short |
| BloFin ME-USDT | +0.0129% | 4h | 0.07315 | +0.096% | $106K | $7K | 50x | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07312 | +0.048% | $26K | — | 15x | as long as short |
Variational Omni ME
BloFin ME-USDT
Reya MERUSDPERP