Funding you earn now, next payment 00:00 UTC−0.0708%/8h= −77.5% APRnext payment −$7.08 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX+0.104%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$442as in the Funding arb table
Net, price: spread back to 7d avg − costs−$444as in the Price arb table
costs, in and out, $10k−$4544.542% of the position
Funding, last 7 days+0.125%+$13 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.104%, 7d avg +0.006%
=The price spread pays, funding is against you. Bybit is 0.099% dearer against OKX than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.006%): +$10 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.125%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.08 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 BSP-USDT-SWAP | 38.340 | 0.0969 | pay 0.0969% / 8h | 49m 03s | $154K | $159K | 10x |
| Short | Bybit BSPUSDT | 38.380 | 0.0261 | get 0.0261% / 8h | 49m 03s | $378K | $87K | 25x |
OKX BSP-USDT-SWAP
Bybit BSPUSDTFunding 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
- −$148.72
- Price spread: +0.104% → +0.006%
- $9.87
- Slippage, 4 orders
- −$433.24
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$593.09
- Costs to cover
- 4.542%
- Break-even
- never at this rate
Slippage from OKX: live order book, 26 min ago; Bybit: live order book, 21 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, 26 min ago | 11.79 bp | 111.6 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 21 min ago | 11.76 bp | 117.2 bp −$117 | 219.6 bp −$2,196 | doesn't fit | doesn't fit |
BSP on 7 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 BSP_USDT | 0.0000% | 8h | 38.360 | +0.052% | $251K | $289K | 25x | as long as short |
| Bitget BSPUSDT | 0.0000% | 8h | 38.341 | +0.003% | $100K | $65K | 20x | as long as short |
| HTX BSP-USDT | +0.0100% | 8h | 38.320 | −0.052% | $6K | $42K | 10x | as long as short |
| Bybit BSPUSDTshort | +0.0261% | 8h | 38.380 | +0.104% | $378K | $87K | 25x | |
| Binance BSPUSDT | +0.0623% | 8h | 38.330 | −0.026% | $489K | $693K | 10x | as long as short |
| OKX BSP-USDT-SWAPlong | +0.0969% | 8h | 38.340 | long leg | $154K | $159K | 10x | |
| KuCoin BSPUSDTM | +0.1181% | 8h | 38.360 | +0.052% | $46K | $148K | 20x | as long as short |
Gate BSP_USDT
Bitget BSPUSDT
HTX BSP-USDT
Binance BSPUSDT
KuCoin BSPUSDTM