TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0112%/8h= −12.2% APRnext payment −$0.56 per $10,000 · paid last 24h −0.020%

Price spread now: Bybit against OKX+0.096%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$732as in the Funding arb table

Net, price: spread back to 7d avg − costs−$723as in the Price arb table

costs, in and out, $10k−$7317.311% of the position

Long on OKX Short on Bybit

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)−0.075%−$8 · spread now +0.096%, 7d avg +0.014%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.082% dearer against OKX than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.014%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.008% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUTH-USDT-SWAP	0.01357	0.0465	pay 0.0233% / 4h	58m 37s	$185K	$283K	10x
Short	Bybit TRUTHUSDT	0.01359	0.0354	get 0.0177% / 4h	58m 37s	$1.3M	$453K	20x

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

Position, each leg$Hold fordaysFee OKXbpFee BybitbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$23.43
Price spread: +0.096% → +0.014%: $8.17
Slippage, 4 orders: −$710.11
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$746.38
Costs to cover: 7.311%
Break-even: never at this rate

Slippage from OKX: live order book, 17 min ago; Bybit: 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 OKX live order book, 17 min ago	4.05 bp	66.8 bp −$67	1345.7 bp −$13.5K	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	7.73 bp	239.5 bp −$240	doesn't fit	doesn't fit	doesn't fit

TRUTH on 10 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 TRUTH_USDT	+0.0100%	4h	0.01354	−0.243%	$424K	$61K	20x	as long as short
KuCoin TRUTHUSDTM	+0.0100%	4h	0.01353	−0.324%	$1.1M	$50K	10x	as long as short
BloFin TRUTH-USDT	+0.0221%	4h	0.01357	−0.037%	$196K	$13K	50x	as long as short
Aster TRUTHUSDT	+0.0222%	4h	0.01356	−0.086%	$36K	$7K	5x	as long as short
MEXC TRUTH_USDT	+0.0276%	4h	0.01356	−0.103%	$11.8M	$131K	20x	as long as short
Binance TRUTHUSDT	+0.0277%	4h	0.01356	−0.081%	$4.3M	$1.6M	20x	as long as short
Extended TRUTH-USD	+0.0280%	1h	0.01356	−0.102%	$3K	$180K	5x	as long as short
Bybit TRUTHUSDTshort	+0.0354%	4h	0.01359	+0.096%	$1.3M	$453K	20x
BingX TRUTH-USDT	+0.0440%	4h	0.01357	−0.029%	—	$6.5M	—	as long as short
OKX TRUTH-USDT-SWAPlong	+0.0465%	4h	0.01357	long leg	$185K	$283K	10x