Funding you earn now, next payment 00:00 UTC+0.2942%/8h= +322.1% APRnext payment +$14.71 per $10,000 · paid last 24h +0.502%
Price spread now: Bybit against OKX−0.315%7-day average −0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$404as in the Funding arb table
Net, price: spread back to 7d avg − costs−$456as in the Price arb table
costs, in and out, $10k−$4424.422% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.315%, 7d avg −0.175%
=Funding pays, the price is against you. Bybit is 0.140% cheaper against OKX than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of −0.175%). If the spread goes back, that is −$14 on $10k: about 4 hours of funding at the current rate (+$88 a day). At the pace of the last 7 days (+0.380% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.380% in total (about 19.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.71 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 | OKX SLX-USDT-SWAP | 0.06677 | 0.0191 | pay 0.0095% / 4h | 1h 43m | $1.8M | $1.8M | 20x |
| Short | Bybit SLXUSDT | 0.06656 | 0.3132 | get 0.1566% / 4h | 1h 43m | $965K | $336K | 20x |
OKX SLX-USDT-SWAP
Bybit SLXUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $617.75
- Price spread: −0.315% → −0.175%
- −$13.98
- Slippage, 4 orders
- −$421.2
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $161.57
- Costs to cover
- 4.422%
- Break-even
- 5.2 days
Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 36 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 OKX live order book, 3 min ago | 0.75 bp | 17.4 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 36 min ago | 0.75 bp | 206.8 bp −$207 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SLX_USDT | +0.0100% | 4h | 0.06679 | +0.030% | $315K | $618K | 25x | as long as short |
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06681 | +0.060% | $983K | $1.7M | 20x | as long as short |
| Bitget SLXUSDT | +0.0100% | 4h | 0.06676 | −0.015% | $1.0M | $371K | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06687 | +0.150% | $1K | $406K | 20x | as long as short |
| OKX SLX-USDT-SWAPlong | +0.0191% | 4h | 0.06677 | long leg | $1.8M | $1.8M | 20x | |
| BloFin SLX-USDT | +0.0504% | 4h | 0.06678 | +0.015% | $169K | $3K | 25x | as long as short |
| MEXC SLX_USDT | +0.0534% | 4h | 0.06680 | +0.045% | $2.0M | $206K | 20x | as long as short |
| Binance SLXUSDT | +0.0535% | 4h | 0.06680 | +0.045% | $2.6M | $2.8M | 25x | as long as short |
| Aster SLXUSDT | +0.0585% | 4h | 0.06671 | −0.097% | $17K | $21K | 10x | as long as short |
| BingX SLX-USDT | +0.2946% | 4h | 0.06673 | −0.060% | — | $1.7M | — | as long as short |
Gate SLX_USDT
KuCoin SLXUSDTM
Bitget SLXUSDT
SunX SLX-USDT
BloFin SLX-USDT
MEXC SLX_USDT
Binance SLXUSDT
Aster SLXUSDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTshort | +0.3132% | 4h | 0.06656 | −0.315% | $965K | $336K | 20x |