Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX+0.012%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now +0.012%, 7d avg −0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USDC-USDT-SWAP | 1.0000 | 0 | get 0.0000% / 8h | 1h 40m | $1.1M | $45K | 50x |
| Short | Bybit USDCUSDT | 1.0001 | 0 | get 0.0000% / 8h | 1h 40m | $9.5M | $336K | 50x |
OKX USDC-USDT-SWAP
Bybit USDCUSDTFunding 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
- $0
- Price spread: +0.012% → −0.013%
- $2.54
- Slippage, 4 orders
- −$2.13
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$20.58
- Costs to cover
- 0.231%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 3 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, 1 min ago | 0.00 bp | 5.7 bp −$6 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.50 bp | 6.0 bp −$6 | 8.9 bp −$89 | 147.8 bp −$14.8K | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0099% | 8h | 0.9994 | −0.053% | $4.3M | $3.7M | 50x | as long as short |
| MEXC USDC_USDT | −0.0098% | 8h | 0.9994 | −0.053% | $16.6M | $265K | 200x | as long as short |
| Bitget USDCUSDT | −0.0072% | 8h | 0.9993 | −0.068% | $4.3M | $17K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0045% | 1h | 0.9997 | −0.023% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0005% | 8h | 0.9994 | −0.058% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDTshort | 0.0000% | 8h | 1.0001 | +0.012% | $9.5M | $336K | 50x | |
| OKX USDC-USDT-SWAPlong | 0.0000% | 8h | 1.0000 | long leg | $1.1M | $45K | 50x | |
| Gate USDC_USDT | +0.0100% | 8h | 0.9996 | −0.038% | $253K | $19K | 50x | as long as short |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
Gate USDC_USDT