Funding you earn now, next payment 08:00 UTC+0.0449%/8h= +49.1% APRnext payment +$4.49 per $10,000 · paid last 24h +0.031%
Price spread now: OKX against Bybit−0.518%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$269as in the Price arb table
costs, in and out, $10k−$2202.204% of the position
Funding, last 7 days+0.374%+$37 on $10k
+Price spread, last 4 days (all we have)+0.628%+$63 · spread now −0.518%, 7d avg −0.033%
=Funding pays, the price is against you. OKX is 0.485% cheaper against Bybit than usual: you would sell low and buy high (spread −0.518% now, against its 7-day average of −0.033%). If the spread goes back, that is −$48 on $10k: about 3.6 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.374% in total) that is about 9.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CSOPSKHYNIX2LUSDT | 5.9880 | 0.1339 | pay 0.1339% / 8h | 6h 41m | $107K | $97K | 20x |
| Short | OKX CSOPSKHYNIX2L-USDT-SWAP | 5.9570 | 0.1788 | get 0.1788% / 8h | 6h 41m | $146K | $151K | 10x |
Bybit CSOPSKHYNIX2LUSDT
OKX CSOPSKHYNIX2L-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $94.22
- Price spread: −0.518% → −0.033%
- −$48.5
- Slippage, 4 orders
- −$199.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$174.64
- Costs to cover
- 2.204%
- Break-even
- 20.0 days
Slippage from Bybit: live order book, 8 min ago; OKX: live order book, 23 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, 8 min ago | 6.64 bp | 66.0 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 23 min ago | 9.96 bp | 34.6 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
CSOPSKHYNIX2L 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 CSOPSKHYNIX2L_USDT | +0.0100% | 4h | 5.9680 | −0.334% | $65K | $3K | 20x | as long as short |
| HTX CSOPSKHYNIX2L-USDT | +0.1011% | 4h | 6.0040 | +0.267% | $23K | $333K | 10x | as long as short |
| Bybit CSOPSKHYNIX2LUSDTlong | +0.1339% | 8h | 5.9880 | long leg | $107K | $97K | 20x | |
| OKX CSOPSKHYNIX2L-USDT-SWAPshort | +0.1788% | 8h | 5.9570 | −0.518% | $146K | $151K | 10x | |
| Binance CSOPSKHYNIX2LUSDT | +0.5386% | 4h | 5.9699 | −0.302% | $1.8M | $3.8M | 20x | as long as short |
| MEXC CSOPSKHYNIX2L_USDT | +0.5512% | 4h | 5.9740 | −0.234% | $174K | $82K | 10x | as long as short |
| BloFin CSOPSKHYNIX2L-USDT | +0.5986% | 4h | 6.0130 | +0.418% | — | $167K | 20x | as long as short |
Gate CSOPSKHYNIX2L_USDT
HTX CSOPSKHYNIX2L-USDT
Binance CSOPSKHYNIX2LUSDT
MEXC CSOPSKHYNIX2L_USDT
BloFin CSOPSKHYNIX2L-USDT