Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0277%/8h= −30.4% APRpaid last 24h −0.100%

Price spread now: OKX against Deribit+0.047%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. OKX is 0.047% dearer against Deribit than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BE_USDC-PERPETUAL	275.73	0.0403	pay 0.0050% / 1h	41m 42s	$7K	$4K	10x
Short	OKX BE-USDT-SWAP	275.86	0.0126	get 0.0126% / 8h	4h 41m	$2.7M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Deribit. 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 DeribitbpFee OKXbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$58.22
Price spread: +0.047% → 0.000%: $4.71
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$70.5
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 1 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell OKX live order book, 1 min ago	3.44 bp	20.8 bp −$21	87.9 bp −$879	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BE on 21 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
Aster BEUSDT	0.0000%	8h	275.47	−0.093%	$347K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.30	−0.156%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.56	−0.062%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	275.45	−0.102%	$6K	$163K	10x	as long as short
SunX BE-USDT	0.0000%	8h	275.79	+0.022%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.91	+0.065%	$13K	$34K	20x	as long as short
Lighter BE	+0.0032%	1h	275.45	−0.102%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.59	−0.051%	$252K	$289K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0040%	1h	273.08	−0.961%	$473K	$129K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.43	−0.109%	$115K	$109K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	275.50	−0.083%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.53	−0.073%	$5.9M	$2.6M	10x	as long as short
QFEX BE-USD	+0.0052%	1h	275.60	−0.047%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0071%	8h	275.71	−0.006%	$8.5M	$36.3M	25x	as long as short
Extended BE-USD	+0.0072%	1h	275.56	−0.062%	$46K	$256K	10x	as long as short
Bybit BEUSDT	+0.0075%	8h	275.68	−0.018%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.57	−0.058%	$372K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.69	−0.016%	—	—	10x	as long as short
OKX BE-USDT-SWAPshort	+0.0126%	8h	275.86	+0.047%	$2.7M	$6.8M	25x
BloFin BE-USDT	+0.0191%	8h	275.81	+0.029%	$45K	$142K	20x	as long as short
Deribit BE_USDC-PERPETUALlong	+0.0403%	1h	275.73	long leg	$7K	$4K	10x