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

SIGN

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit+0.115%7-day average +0.181% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1771.765% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.112%+$11 on $10k
Price spread, last 4 days (all we have)+0.219%+$22 · spread now +0.115%, 7d avg +0.181%
Together, before fees+0.330%+$33 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: OKX is 0.067% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.181%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SIGNUSDT0.012180.0100pay 0.0050% / 4h3h 59m$2.2M$423K25x
ShortOKX SIGN-USDT-SWAP0.012200.0100get 0.0050% / 4h3h 59m$661K$327K20x

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 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: +0.115% → +0.181%
−$6.65
Slippage, 4 orders
−$155.54
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$183.19
Costs to cover
1.765%
Break-even
never at this rate
Slippage from Bybit: live order book, 7 min ago; OKX: live order book, 11 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 Bybit live order book, 7 min ago4.95 bp40.5 bp −$41327.8 bp −$3,278doesn't fitdoesn't fit
Sell OKX live order book, 11 min ago5.36 bp42.5 bp −$42doesn't fitdoesn't fitdoesn't fit

SIGN on 12 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
Variational Omni SIGN−0.0257%4h0.01214−0.325%$83K$2Kas long as short
Aster SIGNUSDT−0.0052%4h0.01220+0.100%$10K$4K5xas long as short
BloFin SIGN-USDT+0.0068%4h0.01217−0.131%$123K$17K25xas long as short
Binance SIGNUSDT+0.0100%4h0.01218+0.004%$2.4M$1.7M25xas long as short
Bybit SIGNUSDTlong+0.0100%4h0.01218long leg$2.2M$423K25x
OKX SIGN-USDT-SWAPshort+0.0100%4h0.01220+0.115%$661K$327K20x
Gate SIGN_USDT+0.0100%4h0.01217−0.107%$93K$34K25xas long as short
MEXC SIGN_USDT+0.0100%4h0.01219+0.090%$12.3M$117K20xas long as short
KuCoin SIGNUSDTM+0.0100%4h0.01221+0.222%$1.5M$18K25xas long as short
Bitget SIGNUSDT+0.0100%4h0.01219+0.041%$933K$179K25xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX SIGN-USDT+0.0100%4h0.01219+0.025%$6.6Mas long as short
ApeX Omni SIGNUSDT+0.0100%1h0.01216−0.189%$30K$658K50xas long as short