Funding you earn now, next payment 08:00 UTC+0.0843%/8h= +92.3% APRnext payment +$8.43 per $10,000 · paid last 24h +0.131%
Price spread now: Bybit against OKX−0.170%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$447as in the Funding arb table
Net, price: spread back to 7d avg − costs−$439as in the Price arb table
costs, in and out, $10k−$4244.242% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.170%, 7d avg −0.023%
=Funding pays, the price is against you. Bybit is 0.146% cheaper against OKX than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of −0.023%). If the spread goes back, that is −$15 on $10k: about 14 hours of funding at the current rate (+$25 a day). Mind the row above: over the last 7 days funding on this pair cost −0.231%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.231% in total (about -12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BOT-USDT-SWAP | 29.480 | −0.0843 | get 0.0843% / 8h | 3h 58m | $235K | $218K | 20x |
| Short | Bybit BOTUSDT | 29.430 | 0 | get 0.0000% / 8h | 3h 58m | $510K | $555K | 25x |
OKX BOT-USDT-SWAP
Bybit BOTUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $177.06
- Price spread: −0.170% → −0.023%
- −$14.62
- Slippage, 4 orders
- −$403.22
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$261.78
- Costs to cover
- 4.242%
- Break-even
- 17.3 days
Slippage from OKX: live order book, 57 min ago; Bybit: live order book, 52 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, 57 min ago | 8.46 bp | 133.9 bp −$134 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 52 min ago | 3.39 bp | 94.2 bp −$94 | 217.7 bp −$2,177 | doesn't fit | doesn't fit |
BOT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BOT | −0.1431% | 1h | 29.443 | −0.126% | $3.1M | $775K | 10x | as long as short |
| KuCoin BOTUSDTM | −0.1075% | 8h | 29.460 | −0.068% | $95K | $282K | 20x | as long as short |
| OKX BOT-USDT-SWAPlong | −0.0843% | 8h | 29.480 | long leg | $235K | $218K | 20x | |
| Binance BOTUSDT | −0.0740% | 8h | 29.458 | −0.074% | $449K | $1.2M | 10x | as long as short |
| Variational Omni BOT | −0.0679% | 8h | 29.445 | −0.119% | $31K | $19K | — | as long as short |
| QFEX BOT-USD | −0.0080% | 1h | 29.480 | 0.000% | $1.2M | $520K | 10x | as long as short |
| Bybit BOTUSDTshort | 0.0000% | 8h | 29.430 | −0.170% | $510K | $555K | 25x | |
| Gate BOT_USDT | 0.0000% | 8h | 29.520 | +0.136% | $255K | $233K | 20x | as long as short |
| Bitget BOTUSDT | 0.0000% | 8h | 29.550 | +0.237% | $247K | $119K | 5x | as long as short |
| Lighter BOT | +0.0032% | 1h | 29.627 | +0.499% | $68K | $1K | 3x | as long as short |
tradeXYZ xyz:BOT
KuCoin BOTUSDTM
Binance BOTUSDT
Variational Omni BOT
QFEX BOT-USD
Gate BOT_USDT
Bitget BOTUSDT
Lighter BOTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BOT-USD | +0.0040% | 1h | 29.410 | −0.237% | $3K | $9K | 5x | as long as short |
| HTX BOT-USDT | +0.0100% | 8h | 29.488 | +0.027% | $3K | $34K | 10x | as long as short |
Arcus BOT-USD
HTX BOT-USDT