Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.032%
Price spread now: Bybit against OKX−0.059%7-day average −0.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1291.290% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 7 days−0.065%−$6 · spread now −0.059%, 7d avg −0.069%
=The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX W-USDT-SWAP | 0.01189 | 0.0088 | pay 0.0044% / 4h | 3h 42m | $1.3M | $2.0M | 20x |
| Short | Bybit WUSDT | 0.01188 | 0.0100 | get 0.0050% / 4h | 3h 42m | $4.2M | $1.9M | 50x |
OKX W-USDT-SWAP
Bybit WUSDTFunding 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
- $2.59
- Price spread: −0.059% → −0.069%
- $0.96
- Slippage, 4 orders
- −$108.03
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$125.47
- Costs to cover
- 1.290%
- Break-even
- 345.8 days
Slippage from OKX: live order book, 4 min ago; Bybit: 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 OKX live order book, 4 min ago | 0.84 bp | 33.8 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.53 bp | 34.3 bp −$34 | 134.3 bp −$1,343 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0506% | 1h | 0.01190 | +0.093% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.716% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAPlong | +0.0088% | 4h | 0.01189 | long leg | $1.3M | $2.0M | 20x | |
| Hyperliquid W | +0.0100% | 1h | 0.01190 | +0.118% | $2.0M | $417K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01189 | +0.072% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01188 | −0.059% | $4.2M | $1.9M | 50x | |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | −0.151% | $448K | $284K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01190 | +0.084% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01191 | +0.202% | $460K | $219K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01189 | +0.034% | $1.3M | $574K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01189 | +0.017% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01185 | −0.280% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01188 | −0.013% | $125K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01189 | +0.051% | $60K | $299K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01190 | +0.109% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1318% | 1h | 0.01193 | +0.358% | $148K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1350% | 1h | 0.01192 | +0.244% | $44K | $44K | 15x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP