Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Bybit+0.151%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2812.811% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.151%, 7d avg +0.165%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDERUSDT | 0.03971 | 0.0100 | pay 0.0100% / 8h | 1h 11m | $1.3M | $594K | 20x |
| Short | OKX ORDER-USDT-SWAP | 0.03977 | 0.0100 | get 0.0050% / 4h | 1h 11m | $161K | $295K | 20x |
Bybit ORDERUSDT
OKX ORDER-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: +0.151% → +0.165%
- −$1.37
- Slippage, 4 orders
- −$260.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$282.48
- Costs to cover
- 2.811%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 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, 5 min ago | 2.52 bp | 69.5 bp −$70 | 348.0 bp −$3,480 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.51 bp | 74.8 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
ORDER 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ORDERUSDT | +0.0100% | 4h | 0.03982 | +0.283% | $1.4M | $1.5M | 50x | as long as short |
| Bybit ORDERUSDTlong | +0.0100% | 8h | 0.03971 | long leg | $1.3M | $594K | 20x | |
| OKX ORDER-USDT-SWAPshort | +0.0100% | 4h | 0.03977 | +0.151% | $161K | $295K | 20x | |
| Gate ORDER_USDT | +0.0100% | 4h | 0.03979 | +0.201% | $73K | $79K | 20x | as long as short |
| MEXC ORDER_USDT | +0.0100% | 4h | 0.03982 | +0.277% | $269K | $102K | 20x | as long as short |
| KuCoin ORDERUSDTM | +0.0100% | 4h | 0.03983 | +0.302% | $220K | $88K | 30x | as long as short |
| Bitget ORDERUSDT | +0.0100% | 4h | 0.03977 | +0.151% | $477K | $198K | 20x | as long as short |
| Variational Omni ORDER | +0.0100% | 8h | 0.03972 | +0.013% | $10K | $2K | — | as long as short |
| BloFin ORDER-USDT | +0.0127% | 8h | 0.03969 | −0.050% | $66K | $7K | 16x | as long as short |
| BingX ORDER-USDT | +0.0200% | 4h | 0.03978 | +0.176% | — | $1.3M | — | as long as short |
Binance ORDERUSDT
Gate ORDER_USDT
MEXC ORDER_USDT
KuCoin ORDERUSDTM
Bitget ORDERUSDT
Variational Omni ORDER
BloFin ORDER-USDT
BingX ORDER-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ORDER_USDC | +0.0898% | 4h | 0.03982 | +0.277% | $188K | $215K | 10x | as long as short |
Orderly PERP_ORDER_USDC