Funding you earn now, next payment 08:00 UTC−0.1561%/8h= −171.0% APRnext payment −$7.81 per $10,000 · paid last 24h +0.331%
Price spread now: OKX against Bybit−0.088%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$990.990% of the position
Funding, last 7 days+0.548%+$55 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now −0.088%, 7d avg −0.129%
=The price spread pays, funding is against you. OKX is 0.040% dearer against Bybit than usual: you sell high and buy low (spread −0.088% now, against its 7-day average of −0.129%): +$4 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.548%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.548% in total (about 28.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PROVEUSDT | 0.2260 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $2.1M | $8.9M | 25x |
| Short | OKX PROVE-USDT-SWAP | 0.2258 | −0.1461 | pay 0.0731% / 4h | 2h 20m | $627K | $6.5M | 20x |
Bybit PROVEUSDT
OKX PROVE-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
- −$327.91
- Price spread: −0.088% → −0.129%
- $4.02
- Slippage, 4 orders
- −$77.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$422.88
- Costs to cover
- 0.990%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 2.21 bp | 23.9 bp −$24 | 103.2 bp −$1,032 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.22 bp | 21.1 bp −$21 | 96.2 bp −$962 | doesn't fit | doesn't fit |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PROVEUSDT | −0.1908% | 1h | 0.2252 | −0.359% | $15K | $313K | 50x | as long as short |
| Aster PROVEUSDT | −0.1868% | 4h | 0.2253 | −0.307% | $38K | $221K | 5x | as long as short |
| MEXC PROVE_USDT | −0.1466% | 4h | 0.2252 | −0.354% | $275K | $392K | 20x | as long as short |
| OKX PROVE-USDT-SWAPshort | −0.1461% | 4h | 0.2258 | −0.088% | $627K | $6.5M | 20x | |
| Binance PROVEUSDT | −0.1441% | 4h | 0.2254 | −0.265% | $3.4M | $30.5M | 75x | as long as short |
| Bitget PROVEUSDT | −0.1388% | 4h | 0.2254 | −0.265% | $635K | $3.8M | 50x | as long as short |
| Gate PROVE_USDT | −0.1306% | 4h | 0.2256 | −0.177% | $160K | $675K | 75x | as long as short |
| KuCoin PROVEUSDTM | −0.1008% | 4h | 0.2255 | −0.243% | $2.7M | $693K | 50x | as long as short |
| GRVT PROVE_USDT_Perp | −0.0948% | 4h | 0.2253 | −0.313% | $208K | $3.1M | 10x | as long as short |
| Hyperliquid PROVE | −0.0392% | 1h | 0.2255 | −0.226% | $320K | $721K | 3x | as long as short |
ApeX Omni PROVEUSDT
Aster PROVEUSDT
MEXC PROVE_USDT
Binance PROVEUSDT
Bitget PROVEUSDT
Gate PROVE_USDT
KuCoin PROVEUSDTM
GRVT PROVE_USDT_Perp
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PROVE | +0.0096% | 1h | 0.2258 | −0.071% | $36K | $179K | 3x | as long as short |
| Bybit PROVEUSDTlong | +0.0100% | 4h | 0.2260 | long leg | $2.1M | $8.9M | 25x | |
| BingX PROVE-USDT | +0.0100% | 4h | 0.2255 | −0.221% | — | $2.5M | — | as long as short |
| Variational Omni PROVE | +0.0100% | 4h | 0.2259 | −0.062% | $28K | $44K | — | as long as short |
Lighter PROVE
BingX PROVE-USDT
Variational Omni PROVE