Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX−0.090%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$748as in the Funding arb table
Net, price: spread back to 7d avg − costs−$724as in the Price arb table
costs, in and out, $10k−$7237.227% of the position
Funding, last 7 days−0.249%−$25 on $10k
+Price spread, last 4 days (all we have)−0.169%−$17 · spread now −0.090%, 7d avg −0.072%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX O-USDT-SWAP | 0.5557 | 0.0100 | pay 0.0050% / 4h | 52m 29s | $1.5M | $1.1M | 10x |
| Short | Bybit OUSDT | 0.5552 | 0.0101 | get 0.0050% / 4h | 52m 29s | $707K | $937K | 20x |
OKX O-USDT-SWAP
Bybit OUSDTFunding 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
- $0.2
- Price spread: −0.090% → −0.072%
- −$1.79
- Slippage, 4 orders
- −$701.67
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$724.25
- Costs to cover
- 7.227%
- Break-even
- 25154.7 days
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 3 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, 4 min ago | 6.29 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 8.07 bp | 294.7 bp −$295 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin O-USDT | +0.0098% | 4h | 0.5572 | +0.270% | $240K | $6K | 20x | as long as short |
| Aster OUSDT | +0.0100% | 4h | 0.5562 | +0.081% | $20K | $51K | 3x | as long as short |
| Binance OUSDT | +0.0100% | 4h | 0.5555 | −0.036% | $4.7M | $2.0M | 10x | as long as short |
| OKX O-USDT-SWAPlong | +0.0100% | 4h | 0.5557 | long leg | $1.5M | $1.1M | 10x | |
| Gate O_USDT | +0.0100% | 4h | 0.5560 | +0.054% | $1.5M | $528K | 20x | as long as short |
| MEXC O_USDT | +0.0100% | 4h | 0.5560 | +0.054% | $959K | $175K | 50x | as long as short |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5568 | +0.198% | $1.3M | $705K | 20x | as long as short |
| Bitget OUSDT | +0.0100% | 4h | 0.5557 | 0.000% | $1.6M | $317K | 10x | as long as short |
| BingX O-USDT | +0.0100% | 4h | 0.5562 | +0.090% | — | $1.6M | — | as long as short |
| Variational Omni O | +0.0100% | 4h | 0.5569 | +0.217% | $3K | $535 | — | as long as short |
BloFin O-USDT
Aster OUSDT
Binance OUSDT
Gate O_USDT
MEXC O_USDT
KuCoin OUSDTM
Bitget OUSDT
BingX O-USDT
Variational Omni OShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit OUSDTshort | +0.0101% | 4h | 0.5552 | −0.090% | $707K | $937K | 20x |