Funding you earn now, next payment 12:00 UTC+0.0233%/8h= +25.5% APRnext payment +$1.16 per $10,000 · paid last 24h +0.003%
Price spread now: OKX against Bybit−0.088%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1931.925% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.088%, 7d avg −0.118%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.030% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.118%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.16 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RVNUSDT | 0.002282 | −0.0133 | get 0.0066% / 4h | 50m 44s | $1.1M | $894K | 25x |
| Short | OKX RVN-USDT-SWAP | 0.002280 | 0.0100 | get 0.0050% / 4h | 50m 44s | $397K | $770K | 20x |
Funding 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
- $48.86
- Price spread: −0.088% → −0.118%
- $3.03
- Slippage, 4 orders
- −$171.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$140.6
- Costs to cover
- 1.925%
- Break-even
- 27.1 days
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 53 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, 3 min ago | 6.55 bp | 55.2 bp −$55 | 442.6 bp −$4,426 | doesn't fit | doesn't fit |
| Sell OKX live order book, 53 min ago | 4.34 bp | 39.4 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
RVN on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RVNUSDTM | −0.0874% | 4h | 0.002284 | +0.088% | $1.4M | $142K | 30x | as long as short |
| BingX RVN-USDT | −0.0144% | 4h | 0.002279 | −0.131% | — | $1.2M | — | as long as short |
| Bitget RVNUSDT | −0.0136% | 4h | 0.002279 | −0.131% | $346K | $195K | 50x | as long as short |
| Bybit RVNUSDTlong | −0.0133% | 4h | 0.002282 | long leg | $1.1M | $894K | 25x | |
| Gate RVN_USDT | +0.0039% | 8h | 0.002270 | −0.526% | $160K | $43K | 50x | as long as short |
| Binance RVNUSDT | +0.0100% | 4h | 0.002277 | −0.209% | $2.2M | $4.5M | 50x | as long as short |
| OKX RVN-USDT-SWAPshort | +0.0100% | 4h | 0.002280 | −0.088% | $397K | $770K | 20x | |
| MEXC RVN_USDT | +0.0100% | 4h | 0.002277 | −0.219% | $1.1M | $322K | 125x | as long as short |
| Variational Omni RVN | +0.0100% | 4h | 0.002289 | +0.324% | $18K | $9K | — | as long as short |
| BloFin RVN-USDT | +0.0139% | 4h | 0.002277 | −0.219% | $106K | $11K | 75x | as long as short |
Bybit RVNUSDT
OKX RVN-USDT-SWAP
KuCoin RVNUSDTM
BingX RVN-USDT
Bitget RVNUSDT
Gate RVN_USDT
Binance RVNUSDT
MEXC RVN_USDT
Variational Omni RVN
BloFin RVN-USDT