Funding you earn now, next payment 04:00 UTC+0.1763%/8h= +193.0% APRnext payment +$8.82 per $10,000 · paid last 24h +1.056%
Price spread now: Bybit against OKX−0.781%7-day average −0.263% · you buy dearer than you sell
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$1601.605% of the position
Funding, last 7 days+1.639%+$164 on $10k
+Price spread, last 7 days+0.634%+$63 · spread now −0.781%, 7d avg −0.263%
=Funding pays, the price is against you. Bybit is 0.518% cheaper against OKX than usual: you would sell low and buy high (spread −0.781% now, against its 7-day average of −0.263%). If the spread goes back, that is −$52 on $10k: about 23 hours of funding at the current rate (+$53 a day). At the pace of the last 7 days (+1.639% in total) that is about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SOON-USDT-SWAP | 0.1959 | 0.0423 | pay 0.0212% / 4h | 3h 18m | $2.0M | $447K | 20x |
| Short | Bybit SOONUSDT | 0.1944 | 0.2186 | get 0.1093% / 4h | 3h 18m | $2.5M | $1.1M | 25x |
OKX SOON-USDT-SWAP
Bybit SOONUSDTFunding 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
- $370.23
- Price spread: −0.781% → −0.263%
- −$51.76
- Slippage, 4 orders
- −$139.49
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $157.98
- Costs to cover
- 1.605%
- Break-even
- 4.0 days
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 5.10 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.57 bp | 41.7 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
SOON 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 SOONUSDTM | +0.0100% | 4h | 0.1960 | +0.066% | $1.8M | $3.2M | 50x | as long as short |
| Extended SOON-USD | +0.0264% | 1h | 0.1957 | −0.103% | $7K | $202K | 5x | as long as short |
| Binance SOONUSDT | +0.0266% | 4h | 0.1958 | −0.055% | $8.0M | $1.9M | 50x | as long as short |
| OKX SOON-USDT-SWAPlong | +0.0423% | 4h | 0.1959 | long leg | $2.0M | $447K | 20x | |
| Kraken Futures PF_SOONUSD | +0.0533% | 1h | 0.1950 | −0.451% | $11K | $1K | 10x | as long as short |
| Gate SOON_USDT | +0.0800% | 4h | 0.1954 | −0.255% | $3.2M | $111K | 50x | as long as short |
| Aster SOONUSDT | +0.0920% | 4h | 0.1959 | −0.006% | $191K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1032% | 4h | 0.1957 | −0.102% | $9.2M | $228K | 25x | as long as short |
| BingX SOON-USDT | +0.1848% | 4h | 0.1955 | −0.204% | — | $6.7M | — | as long as short |
| Bybit SOONUSDTshort | +0.2186% | 4h | 0.1944 | −0.781% | $2.5M | $1.1M | 25x |
KuCoin SOONUSDTM
Extended SOON-USD
Binance SOONUSDT
Kraken Futures PF_SOONUSD
Gate SOON_USDT
Aster SOONUSDT
Bitget SOONUSDT
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SOON | +0.2914% | 4h | 0.1947 | −0.603% | $239K | $20K | — | as long as short |
Variational Omni SOON