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Funding arb · Price arb /

OKB

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.050%
Price spread now: Bybit against GMX+0.089%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Bybit is 0.089% dearer against GMX than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 42 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX OKB/USD [ETH-USDC]121.97L +0.0270% / S −0.0266%pay 0.0034% / 1h39m 21s$3K—100x
ShortBybit OKBUSDT122.080.0100get 0.0050% / 4h3h 39m$2.5M$1.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against GMX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$35.6
Price spread: +0.089% → 0.000%
$8.91
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$49.69
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Bybit live order book, 3 min ago1.64 bp29.8 bp −$30477.6 bp −$4,776doesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

OKB on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OKBUSDT−0.4096%1h121.00−0.796%$50K$40K5xas long as short
Injective OKB/USDC PERP+0.0033%1h123.18+0.991%$25$302K5.5xas long as short
BingX OKB-USDT+0.0036%4h122.01+0.032%—$2.8M—as long as short
Bybit OKBUSDTshort+0.0100%4h122.08+0.089%$2.5M$1.1M25x
OKX OKB-USDT-SWAP+0.0100%4h121.97−0.001%$30.0M$48.0M20xas long as short
Gate OKB_USDT+0.0100%8h121.98+0.007%$1.5M$652K25xas long as short
MEXC OKB_USDT+0.0100%4h122.00+0.024%$1.0M$480K25xas long as short
Variational Omni OKB+0.0100%4h122.10+0.109%$56K$29K—as long as short
HTX OKB-USDT+0.0100%8h122.20+0.187%$66K$330K10xas long as short
GMX OKB/USD [ETH-USDC]longL +0.0270% / S −0.0266%1h121.97long leg$3K—100x