Funding you earn now, next payment 08:00 UTC+0.5425%/8h= +594.0% APRnext payment +$54.25 per $10,000 · paid last 24h −0.031%
Price spread now: Bybit against OKX−0.083%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2592.593% of the position
Funding, last 7 days−0.374%−$37 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.083%, 7d avg +0.030%
=Funding pays, the price is against you. Bybit is 0.113% cheaper against OKX than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.030%). If the spread goes back, that is −$11 on $10k: about 2 hours of funding at the current rate (+$163 a day). Mind the row above: over the last 7 days funding on this pair cost −0.374%, 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 -0.374% in total (about -19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$54.25 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 CSOPSKHYNIX2L-USDT-SWAP | 6.0210 | 0.1652 | pay 0.1652% / 8h | 7h 36m | $143K | $138K | 10x |
| Short | Bybit CSOPSKHYNIX2LUSDT | 6.0160 | 0.7077 | get 0.7077% / 8h | 7h 36m | $112K | $84K | 20x |
OKX CSOPSKHYNIX2L-USDT-SWAP
Bybit CSOPSKHYNIX2LUSDTFunding 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
- $1,139.17
- Price spread: −0.083% → +0.030%
- −$11.3
- Slippage, 4 orders
- −$238.26
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $868.61
- Costs to cover
- 2.593%
- Break-even
- 1.7 days
Slippage from OKX: live order book, 33 min ago; Bybit: live order book, 18 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, 33 min ago | 12.87 bp | 71.9 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 18 min ago | 5.85 bp | 79.8 bp −$80 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CSOPSKHYNIX2L-USDT-SWAPlong | +0.1652% | 8h | 6.0210 | long leg | $143K | $138K | 10x | |
| Gate CSOPSKHYNIX2L_USDT | +0.2100% | 4h | 6.0180 | −0.050% | $66K | $3K | 20x | as long as short |
| BloFin CSOPSKHYNIX2L-USDT | +0.4895% | 4h | 6.0320 | +0.183% | — | $171K | 20x | as long as short |
| MEXC CSOPSKHYNIX2L_USDT | +0.4928% | 4h | 6.0110 | −0.166% | $177K | $82K | 10x | as long as short |
| Binance CSOPSKHYNIX2LUSDT | +0.5036% | 4h | 6.0170 | −0.066% | $1.6M | $3.4M | 20x | as long as short |
| HTX CSOPSKHYNIX2L-USDT | +0.5603% | 4h | 6.0220 | +0.017% | $25K | $336K | 10x | as long as short |
| Bybit CSOPSKHYNIX2LUSDTshort | +0.7077% | 8h | 6.0160 | −0.083% | $112K | $84K | 20x |
Gate CSOPSKHYNIX2L_USDT
BloFin CSOPSKHYNIX2L-USDT
MEXC CSOPSKHYNIX2L_USDT
Binance CSOPSKHYNIX2LUSDT
HTX CSOPSKHYNIX2L-USDT