Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against OKX−0.103%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$432as in the Funding arb table
Net, price: spread back to 7d avg − costs−$430as in the Price arb table
costs, in and out, $10k−$4224.217% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.103%, 7d avg −0.020%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.083% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BX-USDT-SWAP | 126.41 | 0.0001 | pay 0.0001% / 8h | 5h 33m | $164K | $114K | 20x |
| Short | Bybit BXUSDT | 126.28 | 0 | get 0.0000% / 8h | 5h 33m | $485K | $834K | 25x |
OKX BX-USDT-SWAP
Bybit BXUSDTFunding 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
- −$0.3
- Price spread: −0.103% → −0.020%
- −$8.27
- Slippage, 4 orders
- −$400.74
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$430.32
- Costs to cover
- 4.217%
- Break-even
- never at this rate
Slippage from OKX: live order book, 26 min ago; Bybit: live order book, 26 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 | 9.10 bp | 15.9 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 3.95 bp | 157.8 bp −$158 | 241.0 bp −$2,410 | doesn't fit | doesn't fit |
BX on 14 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:BX | −0.0478% | 1h | 126.14 | −0.214% | $664K | $212K | 10x | as long as short |
| Aster BXUSDT | 0.0000% | 8h | 126.24 | −0.134% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDTshort | 0.0000% | 8h | 126.28 | −0.103% | $485K | $834K | 25x | |
| QFEX BX-USD | 0.0000% | 1h | 127.02 | +0.483% | $1.1M | $1.4M | 10x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.37 | −0.032% | $424K | $27K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.43 | +0.016% | $898K | $36K | 20x | as long as short |
| GRVT BX_USDT_Perp | 0.0000% | 8h | 126.34 | −0.056% | $689 | $114K | 10x | as long as short |
| SunX BX-USDT | 0.0000% | 8h | 126.23 | −0.142% | $730 | $313K | 10x | as long as short |
| HTX BX-USDT | 0.0000% | 8h | 126.54 | +0.103% | $7K | $3K | 20x | as long as short |
| OKX BX-USDT-SWAPlong | +0.0001% | 8h | 126.41 | long leg | $164K | $114K | 20x |
tradeXYZ xyz:BX
Aster BXUSDT
QFEX BX-USD
Gate BX_USDT
Bitget BXUSDT
GRVT BX_USDT_Perp
SunX BX-USDT
HTX BX-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BX/USDC PERP | +0.0220% | 1h | 138.75 | +9.762% | $4K | $32K | 12x | as long as short |
| KuCoin BXUSDTM | +0.0482% | 8h | 126.16 | −0.198% | $115K | $999K | 20x | as long as short |
| Variational Omni BX | +0.0814% | 8h | 126.22 | −0.150% | $43K | $12K | — | as long as short |
| Binance BXUSDT | +0.1087% | 8h | 126.29 | −0.095% | $782K | $486K | 20x | as long as short |
Injective BX/USDC PERP
KuCoin BXUSDTM
Variational Omni BX
Binance BXUSDT