Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: OKX against Bybit−0.120%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.120%, 7d avg +0.007%

Together, before fees+0.071%+$7 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: OKX is 0.127% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BEUSDT	274.58	0	get 0.0000% / 8h	4h 50m	$2.0M	$1.0M	25x
Short	OKX BE-USDT-SWAP	274.25	0	get 0.0000% / 8h	4h 50m	$2.6M	$6.9M	25x

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 −0.120%Rate

Funding earned: $0
Price spread: −0.120% → +0.007%: −$12.69
Slippage, 4 orders: −$53.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87.64
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	3.45 bp	24.3 bp −$24	185.6 bp −$1,856	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.27 bp	16.4 bp −$16	89.6 bp −$896	doesn't fit	doesn't fit

BE on 21 exchanges

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
Coinbase International BE-PERP-INTX	−0.0024%	1h	274.05	−0.193%	$469K	$132K	10x	as long as short
Aster BEUSDT	0.0000%	8h	274.80	+0.081%	$350K	$141K	20x	as long as short
Bybit BEUSDTlong	0.0000%	8h	274.58	long leg	$2.0M	$1.0M	25x
OKX BE-USDT-SWAPshort	0.0000%	8h	274.25	−0.120%	$2.6M	$6.9M	25x
Gate BE_USDT	0.0000%	8h	274.70	+0.044%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.29	−0.106%	$1.6M	$3.1M	20x	as long as short
SunX BE-USDT	0.0000%	8h	275.30	+0.262%	$1K	$2.0M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.94	+0.131%	$12K	$35K	20x	as long as short
QFEX BE-USD	+0.0025%	1h	275.04	+0.168%	$1.3M	$2.3M	10x	as long as short
Lighter BE	+0.0032%	1h	274.67	+0.033%	—	—	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	274.69	+0.040%	$249K	$293K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.90	+0.117%	$114K	$95K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	275.17	+0.215%	—	—	10x	as long as short
Extended BE-USD	+0.0088%	1h	274.38	−0.072%	$50K	$386K	10x	as long as short
Binance BEUSDT	+0.0092%	8h	274.51	−0.024%	$8.2M	$39.5M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.99	+0.149%	$356K	$258K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.88	+0.110%	—	—	10x	as long as short
BloFin BE-USDT	+0.0215%	8h	275.05	+0.171%	$46K	$166K	20x	as long as short
tradeXYZ xyz:BE	+0.0324%	1h	274.88	+0.109%	$5.9M	$2.8M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0405%	1h	274.89	+0.113%	$7K	$4K	10x	as long as short
GRVT BE_USDT_Perp	+0.0514%	8h	275.48	+0.328%	$7K	$135K	10x	as long as short