Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against Bybit+0.106%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1361.359% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.106%, 7d avg +0.047%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.059% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COSTUSDT	902.77	0	get 0.0000% / 8h	7h 28m	$491K	$91K	25x
Short	OKX COST-USDT-SWAP	903.73	0	get 0.0000% / 8h	7h 28m	$442K	$121K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.047%: $5.89
Slippage, 4 orders: −$114.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$129.98
Costs to cover: 1.359%
Break-even: never at this rate

Slippage from Bybit: live order book, 62 min ago; OKX: live order book, 2 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 Bybit live order book, 62 min ago	6.09 bp	13.7 bp −$14	56.5 bp −$565	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.10 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	902.73	−0.004%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.90	+0.014%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	902.77	long leg	$491K	$91K	25x
OKX COST-USDT-SWAPshort	0.0000%	8h	903.73	+0.106%	$442K	$121K	10x
Gate COST_USDT	0.0000%	8h	902.72	−0.006%	$523K	$9K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.43	−0.038%	$411K	$85K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.72	−0.006%	$40K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.70	−0.008%	$2K	$2.7M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.54	+0.085%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.195%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	902.00	−0.085%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	903.02	+0.028%	—	—	25x	as long as short
QFEX COST-USD	+0.0046%	1h	902.76	−0.001%	$1.1M	$2.4M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.43	−0.038%	$1.8M	$510K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.30	−0.052%	$48K	$941K	20x	as long as short