Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.02548 | −0.0555 | get 0.0278% / 4h | 44m 54s | $387K | $1.5M | 25x | Long Bybit | |
| SHORT | 0.02539 | −0.2202 | pay 0.1101% / 4h | 44m 54s | $2.2M | $84.2M | 20x | Short OKX |
Price gap−0.353%
Funding gap−0.1646% /8h
Both sides work against this direction now: funding costs $49 a day on $10k and the gap is 0.165% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16−0.1646% /8h now · paid −0.160% over the last 7 hours (all we have)
Price−$16spread −0.353% now, avg −0.188% → −0.165% if it goes back
Costs−$1621.620% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
OKX price against Bybitnow
RANGE STATS · 7D
Now−0.353%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXDP on 6 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size46.8 / 22.4 bpAt $10k entering Bybit costs 46.8 bp, fee and slippage, 2.1× OKX’s.
- Note: Margin at max leverage$400 + $500Bybit 25x, OKX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$49.39Long Bybit: 6 payments, +$16.66; short OKX: 6 payments, −$66.05.
- Watch: Gap narrower than usual−0.353% vs −0.188%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$387K vs $2.2M OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · OKX YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.1772%/8h × 21 periods−$372.06
Price spread−0.353% → −0.188% (7d avg)−$16.50
Slippage, 4 orderslive order books−$140.95
Fee Bybit bp × 2 orders−$11.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$550.51
Costs to cover1.620%Break-evennever at this rate
Slippage: Bybit: live order book, 1 min ago; OKX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit5.9046.8 bp−$47385.6 bp−$3,856doesn’t fitdoesn’t fit
SELL · SHORTOKX5.8522.4 bp−$2278.9 bp−$789doesn’t fitdoesn’t fit
Closing costs about the same again.
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