TURBO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0262%/8h= −28.7% APRnext payment −$1.31 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit−0.121%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1551.554% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.121%, 7d avg −0.015%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and OKX is 0.106% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.31 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 1000TURBOUSDT	0.001078	0.0362	pay 0.0181% / 4h	3h 47m	$394K	$792K	25x
Short	OKX TURBO-USDT-SWAP	0.001076	0.0100	get 0.0050% / 4h	3h 47m	$911K	$2.4M	20x

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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$54.99
Price spread: −0.121% → −0.015%: −$10.61
Slippage, 4 orders: −$134.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$220.96
Costs to cover: 1.554%
Break-even: never at this rate

Slippage from Bybit: live order book, 43 min ago; OKX: live order book, 5 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, 43 min ago	7.93 bp	34.2 bp −$34	880.8 bp −$8,808	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.73 bp	44.8 bp −$45	doesn't fit	doesn't fit	doesn't fit

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0825%	1h	0.001077	−0.032%	$71K	$31K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.807%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0062%	4h	0.001074	−0.315%	$154K	$496K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001078	+0.028%	$317K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001077	−0.059%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001076	−0.119%	$2.9M	$6.7M	50x	as long as short
OKX TURBO-USDT-SWAPshort	+0.0100%	4h	0.001076	−0.121%	$911K	$2.4M	20x
Gate TURBO_USDT	+0.0100%	4h	0.001079	+0.130%	$391K	$350K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001076	−0.121%	$5.6M	$617K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001077	−0.019%	$1.9M	$967K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001077	−0.065%	$1.0M	$615K	25x	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001077	−0.091%	$1K	$200K	5x	as long as short
Bybit 1000TURBOUSDTlong	+0.0362%	4h	0.001078	long leg	$394K	$792K	25x
BingX TURBO-USDT	+0.0660%	4h	0.001077	−0.102%	—	$9.4M	—	as long as short