Funding you earn now, next payment 04:00 UTC−0.1524%/8h= −166.9% APRnext payment −$7.62 per $10,000 · paid last 24h −0.655%
Price spread now: OKX against Bybit+0.607%7-day average +0.181% · you sell dearer than you buy
Net, funding: paid 7d − costs−$384as in the Funding arb table
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$3323.317% of the position
Funding, last 7 days−0.524%−$52 on $10k
+Price spread, last 4 days (all we have)−0.488%−$49 · spread now +0.607%, 7d avg +0.181%
=The price spread pays, funding is against you. OKX is 0.425% dearer against Bybit than usual: you sell high and buy low (spread +0.607% now, against its 7-day average of +0.181%): +$43 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.524% in total) that is about 5.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.524% in total (about -27.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.62 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 SLXUSDT | 0.06595 | 0.1881 | pay 0.0941% / 4h | 2h 50m | $966K | $371K | 20x |
| Short | OKX SLX-USDT-SWAP | 0.06635 | 0.0357 | get 0.0178% / 4h | 2h 50m | $1.8M | $1.8M | 20x |
Bybit SLXUSDT
OKX SLX-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
- −$320.13
- Price spread: +0.607% → +0.181%
- $42.55
- Slippage, 4 orders
- −$310.67
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$609.25
- Costs to cover
- 3.317%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 15 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, 15 min ago | 0.75 bp | 89.9 bp −$90 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.51 bp | 30.9 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
SLX 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06623 | +0.425% | $975K | $1.7M | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06631 | +0.546% | $1K | $436K | 20x | as long as short |
| Bitget SLXUSDT | +0.0306% | 4h | 0.06630 | +0.531% | $1.0M | $309K | 20x | as long as short |
| OKX SLX-USDT-SWAPshort | +0.0357% | 4h | 0.06635 | +0.607% | $1.8M | $1.8M | 20x | |
| Gate SLX_USDT | +0.0412% | 4h | 0.06620 | +0.379% | $304K | $661K | 25x | as long as short |
| BloFin SLX-USDT | +0.0692% | 4h | 0.06616 | +0.318% | $168K | $3K | 25x | as long as short |
| Binance SLXUSDT | +0.0710% | 4h | 0.06628 | +0.493% | $2.5M | $3.0M | 25x | as long as short |
| MEXC SLX_USDT | +0.0712% | 4h | 0.06630 | +0.531% | $1.9M | $220K | 20x | as long as short |
| Aster SLXUSDT | +0.0768% | 4h | 0.06621 | +0.388% | $15K | $26K | 10x | as long as short |
| Bybit SLXUSDTlong | +0.1881% | 4h | 0.06595 | long leg | $966K | $371K | 20x |
KuCoin SLXUSDTM
SunX SLX-USDT
Bitget SLXUSDT
Gate SLX_USDT
BloFin SLX-USDT
Binance SLXUSDT
MEXC SLX_USDT
Aster SLXUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SLX-USDT | +0.1962% | 4h | 0.06611 | +0.243% | — | $1.7M | — | as long as short |
BingX SLX-USDT