Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.37 per $10,000 · paid last 24h −0.013%
Price spread now: OKX against Bybit0.000%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$672as in the Funding arb table
Net, price: spread back to 7d avg − costs−$704as in the Price arb table
costs, in and out, $10k−$6976.969% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now 0.000%, 7d avg +0.074%
=Funding pays, the price is against you. OKX is 0.074% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.074%). If the spread goes back, that is −$7 on $10k: about 3.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OUSDT | 0.5557 | 0.0402 | pay 0.0201% / 4h | 2h 22m | $720K | $920K | 20x |
| Short | OKX O-USDT-SWAP | 0.5557 | 0.0476 | get 0.0238% / 4h | 2h 22m | $1.5M | $1.1M | 10x |
Bybit OUSDT
OKX O-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
- $15.71
- Price spread: 0.000% → +0.074%
- −$7.41
- Slippage, 4 orders
- −$675.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$688.61
- Costs to cover
- 6.969%
- Break-even
- 313.8 days
Slippage from Bybit: live order book, 23 min ago; OKX: live order book, 4 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, 23 min ago | 9.81 bp | 329.6 bp −$330 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 5.38 bp | 41.3 bp −$41 | 599.1 bp −$5,991 | doesn't fit | doesn't fit |
O 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OUSDT | +0.0100% | 4h | 0.5558 | +0.016% | $20K | $54K | 3x | as long as short |
| Binance OUSDT | +0.0100% | 4h | 0.5555 | −0.039% | $4.7M | $2.0M | 10x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5555 | −0.036% | $1.5M | $567K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5561 | +0.072% | $1.6M | $324K | 10x | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5570 | +0.235% | $3K | $518 | — | as long as short |
| KuCoin OUSDTM | +0.0218% | 4h | 0.5559 | +0.036% | $1.3M | $637K | 20x | as long as short |
| Bybit OUSDTlong | +0.0402% | 4h | 0.5557 | long leg | $720K | $920K | 20x | |
| BingX O-USDT | +0.0448% | 4h | 0.5556 | −0.018% | — | $1.6M | — | as long as short |
| BloFin O-USDT | +0.0466% | 4h | 0.5571 | +0.252% | $239K | $5K | 20x | as long as short |
| OKX O-USDT-SWAPshort | +0.0476% | 4h | 0.5557 | 0.000% | $1.5M | $1.1M | 10x |
Aster OUSDT
Binance OUSDT
Gate O_USDT
Bitget OUSDT
Variational Omni O
KuCoin OUSDTM
BingX O-USDT
BloFin O-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC O_USDT | +0.0478% | 4h | 0.5563 | +0.108% | $956K | $170K | 50x | as long as short |
MEXC O_USDT