Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0413%/8h= +45.3% APRpaid last 24h +0.092%

Price spread now: Deribit against OKX−0.026%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Deribit

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

Funding pays, the price is against you. Deribit is 0.026% cheaper against OKX than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BE-USDT-SWAP	271.61	0	get 0.0000% / 8h	39m 49s	$2.6M	$6.9M	25x
Short	Deribit BE_USDC-PERPETUAL	271.54	0.0413	get 0.0052% / 1h	39m 49s	$6K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $86.8
Price spread: −0.026% → 0.000%: −$2.58
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $67.22
Costs to cover: 0.170%
Break-even: 1.6 days

Slippage unknown: OKX: live order book, 3 min ago; Deribit: no order-book sample. 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 OKX live order book, 3 min ago	2.58 bp	13.7 bp −$14	73.9 bp −$739	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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
Gate BE_USDT	−0.0392%	8h	271.40	−0.077%	$1.4M	$3.3M	50x	as long as short
Bitget BEUSDT	−0.0080%	8h	271.43	−0.066%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.32	−0.107%	$343K	$128K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.37	−0.090%	$46K	$381K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.46	−0.055%	$8.2M	$37.1M	25x	as long as short
OKX BE-USDT-SWAPlong	0.0000%	8h	271.61	long leg	$2.6M	$6.9M	25x
GRVT BE_USDT_Perp	0.0000%	8h	271.32	−0.107%	$7K	$155K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.61	0.000%	$975	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.50	−0.040%	$12K	$35K	20x	as long as short
QFEX BE-USD	+0.0017%	1h	271.51	−0.037%	$1.3M	$2.2M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BE	+0.0032%	1h	271.24	−0.136%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.27	−0.125%	$241K	$305K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0032%	1h	270.59	−0.376%	$473K	$114K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.33	−0.103%	$113K	$96K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.52	−0.033%	—	—	10x	as long as short
Bybit BEUSDT	+0.0068%	8h	271.40	−0.077%	$2.0M	$1.1M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.39	−0.081%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.44	−0.063%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0113%	1h	271.22	−0.144%	$5.9M	$2.8M	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.59	−0.007%	$45K	$145K	20x	as long as short
Deribit BE_USDC-PERPETUALshort	+0.0413%	1h	271.54	−0.026%	$6K	$4K	10x