Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.277%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1511.511% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.328%−$33 · spread now +0.277%, 7d avg +0.015%

Together, before fees−0.308%−$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.263% dearer against OKX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TURBO-USDT-SWAP	0.001081	0.0100	pay 0.0050% / 4h	3h 14m	$913K	$2.4M	20x
Short	Bybit 1000TURBOUSDT	0.001084	0.0100	get 0.0050% / 4h	3h 14m	$394K	$808K	25x

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 +0.277%Rate

Funding earned: $0
Price spread: +0.277% → +0.015%: $26.29
Slippage, 4 orders: −$130.09
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$124.8
Costs to cover: 1.511%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 11 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	4.17 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 11 min ago	7.04 bp	36.2 bp −$36	395.8 bp −$3,958	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	−0.0821%	1h	0.001082	+0.122%	$72K	$33K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−1.119%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0064%	4h	0.001084	+0.259%	$153K	$504K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001084	+0.268%	$320K	$173K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001083	+0.154%	$10K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001083	+0.154%	$2.9M	$6.7M	50x	as long as short
Bybit 1000TURBOUSDTshort	+0.0100%	4h	0.001084	+0.277%	$394K	$808K	25x
OKX TURBO-USDT-SWAPlong	+0.0100%	4h	0.001081	long leg	$913K	$2.4M	20x
Gate TURBO_USDT	+0.0100%	4h	0.001085	+0.388%	$394K	$357K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001083	+0.148%	$5.6M	$626K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001083	+0.185%	$1.9M	$956K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001085	+0.361%	$1.1M	$610K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001083	+0.194%	—	$9.6M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001083	+0.149%	$453	$197K	5x	as long as short