Funding you earn now, next payment 16:00 UTC+0.0496%/8h= +54.3% APRnext payment +$4.96 per $10,000 · paid last 24h +0.018%
Price spread now: OKX against Bybit−0.226%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. OKX is 0.226% cheaper against Bybit than usual: you would sell low and buy high (spread −0.226% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 36 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.018% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.96 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DKNGUSDT | 22.100 | −0.0496 | get 0.0496% / 8h | 6h 17m | $83K | $76K | 25x |
| Short | OKX DKNG-USDT-SWAP | 22.050 | 0 | get 0.0000% / 8h | 6h 17m | $115K | $100K | 20x |
Bybit DKNGUSDT
OKX DKNG-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
- $104.13
- Price spread: −0.226% → 0.000%
- −$22.62
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $60.51
- Costs to cover
- 0.210%
- Break-even
- 2.9 days
Slippage unknown: Bybit: no order-book sample; OKX: live order book, 30 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 30 min ago | 6.80 bp | 35.9 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
Bybit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
DKNG on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit DKNGUSDTlong | −0.0496% | 8h | 22.100 | long leg | $83K | $76K | 25x | |
| Aster DKNGUSDT | 0.0000% | 8h | 22.108 | +0.038% | $1K | $11K | 20x | as long as short |
| Binance DKNGUSDT | 0.0000% | 8h | 22.095 | −0.023% | $293K | $610K | 20x | as long as short |
| OKX DKNG-USDT-SWAPshort | 0.0000% | 8h | 22.050 | −0.226% | $115K | $100K | 20x | |
| Gate DKNG_USDT | 0.0000% | 8h | 22.089 | −0.050% | $109K | $9K | 20x | as long as short |
| Bitget DKNGUSDT | 0.0000% | 8h | 22.075 | −0.113% | $126K | $59K | 20x | as long as short |
| Variational Omni DKNG | 0.0000% | 8h | 22.065 | −0.156% | $77K | $51K | — | as long as short |
| SunX DKNG-USDT | 0.0000% | 8h | 22.080 | −0.090% | $1K | $589K | 10x | as long as short |
| HTX DKNG-USDT | 0.0000% | 8h | 22.110 | +0.045% | $6K | $4K | 10x | as long as short |
| Injective DKNG/USDC PERP | +0.0033% | 1h | 21.990 | −0.498% | $707 | $6K | 12x | as long as short |
Aster DKNGUSDT
Binance DKNGUSDT
Gate DKNG_USDT
Bitget DKNGUSDT
Variational Omni DKNG
SunX DKNG-USDT
HTX DKNG-USDT
Injective DKNG/USDC PERPShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DKNGUSDTM | +0.0100% | 8h | 22.100 | 0.000% | $90K | $484K | 20x | as long as short |
| tradeXYZ xyz:DKNG | +0.0230% | 1h | 22.099 | −0.005% | $1.8M | $2.1M | 10x | as long as short |
KuCoin DKNGUSDTM
tradeXYZ xyz:DKNG