BE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.40 per $10,000 · paid last 24h −0.026%

Price spread now: Bybit against OKX−0.143%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$860.863% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days+0.166%+$17 · spread now −0.143%, 7d avg −0.008%

Together, before fees+0.182%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.136% cheaper against OKX than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.008%). If the spread goes back, that is −$14 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.016% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BE-USDT-SWAP	272.56	0	get 0.0000% / 8h	1h 58m	$2.6M	$6.9M	25x
Short	Bybit BEUSDT	272.17	0.0040	get 0.0040% / 8h	1h 58m	$2.0M	$1.1M	25x

Funding 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 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 OKXbpFee BybitbpOrdersPrice spread, now −0.143%Rate

Funding earned: $8.48
Price spread: −0.143% → −0.008%: −$13.56
Slippage, 4 orders: −$65.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91.35
Costs to cover: 0.863%
Break-even: 82.4 days

Slippage from OKX: live order book, 4 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, 4 min ago	2.93 bp	11.2 bp −$11	76.2 bp −$762	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.12 bp	34.8 bp −$35	151.4 bp −$1,514	doesn't fit	doesn't fit

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
Bitget BEUSDT	−0.0042%	8h	272.38	−0.066%	$1.6M	$2.6M	20x	as long as short
Gate BE_USDT	−0.0001%	8h	272.30	−0.095%	$1.4M	$3.3M	50x	as long as short
Aster BEUSDT	0.0000%	8h	272.58	+0.006%	$342K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.15	−0.150%	$46K	$253K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.32	−0.087%	$8.2M	$37.1M	25x	as long as short
OKX BE-USDT-SWAPlong	0.0000%	8h	272.56	long leg	$2.6M	$6.9M	25x
GRVT BE_USDT_Perp	0.0000%	8h	272.45	−0.042%	$6K	$157K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.56	0.000%	$1K	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.61	+0.018%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	272.03	−0.194%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	272.20	−0.132%	$243K	$297K	10x	as long as short
QFEX BE-USD	+0.0040%	1h	272.38	−0.066%	$1.3M	$2.4M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.06	−0.183%	$114K	$109K	10x	as long as short
Bybit BEUSDTshort	+0.0040%	8h	272.17	−0.143%	$2.0M	$1.1M	25x
Deribit BE_USDC-PERPETUAL	+0.0044%	1h	272.20	−0.132%	$6K	$4K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.18	−0.139%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.723%	$473K	$130K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.13	−0.158%	$368K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.08	−0.175%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.18	−0.139%	$45K	$146K	20x	as long as short
tradeXYZ xyz:BE	+0.0134%	1h	272.19	−0.136%	$5.9M	$2.8M	10x	as long as short