Settings8H · net · $10k
Funding arb · Price arb /

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Bybit against OKX−0.024%7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2022.015% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.024%, 7d avg +0.072%
Together, before fees+0.117%+$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.096% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SATS-USDT-SWAP0.000000012270.0100pay 0.0100% / 8h2h 21m$805K$3.0M10x
ShortBybit 10000SATSUSDT0.000000012270.0100get 0.0050% / 4h2h 21m$285K$888K13x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.024% → +0.072%
−$9.61
Slippage, 4 orders
−$180.53
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$211.14
Costs to cover
2.015%
Break-even
never at this rate
Slippage from OKX: live order book, 6 min ago; Bybit: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 6 min ago4.11 bp36.6 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 23 min ago4.05 bp63.2 bp −$63doesn't fitdoesn't fitdoesn't fit

SATS on 8 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
Binance 1000SATSUSDT+0.0100%4h0.00000001226−0.106%$2.2M$5.6M25xas long as short
Bybit 10000SATSUSDTshort+0.0100%4h0.00000001227−0.024%$285K$888K13x
OKX SATS-USDT-SWAPlong+0.0100%8h0.00000001227long leg$805K$3.0M10x
Gate SATS_USDT+0.0100%4h0.00000001221−0.513%$358K$259K25xas long as short
MEXC SATS_USDT+0.0100%8h0.00000001226−0.106%$373K$189K100xas long as short
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001225−0.187%$197K$89K10xas long as short
Bitget 1000SATSUSDT+0.0100%4h0.00000001228+0.057%$714K$248K25xas long as short
BingX 10000SATS-USDT+0.0100%4h0.00000001226−0.106%$5.6Mas long as short