Settings8H · net · $10k
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Funding arb · Price arb / RWA

FLY

RWAAll FLY markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitFLYUSDT
23.705−0.1095get 0.1095% / 8h7m 47s$332K$1.3M25xLong Bybit
SHORT
OKXFLY-USDT-SWAP
23.73500.0000% / 8h7m 47s$153K$378K10xShort OKX
Price gap+0.127%
Funding gap+0.1095% /8h

Both sides work: funding pays +$33 a day on $10k, and the gap is 0.064% above its 7d average: +$6 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$8+0.1095% /8h now · paid +0.084% over the last 7D
Price+$6spread +0.127% now, avg +0.063% → +0.064% if it goes back
Costs−$5295.292% of $10k · taker + slippage, in and out
Result−$514−5.14%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.084% in total, about +0.0040%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.127%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

FLY on 4 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size141.9 / 154.5 bp
    At $10k entering OKX costs 154.5 bp, fee and slippage, 1.1× Bybit’s.
  • Note: Margin at max leverage$400 + $1,000
    Bybit 25x, OKX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$32.86Long Bybit: 3 payments, +$32.86; short OKX: 3 payments, $0.00.
  • OK: Entry gap works for you+0.127% vs +0.063%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$153K vs $332K OI
    OKX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · OKX Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0040%/8h × 21 periods+$8.37
Price spread+0.127% → +0.063% (7d avg)+$6.35
Slippage, 4 orderslive order books−$508.21
Fee Bybit bp × 2 orders−$11.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$514.49
Costs to cover5.292%Break-even437.5 days
Slippage: Bybit: live order book, 4 min ago; OKX: live order book, 33 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit6.41141.9 bp−$142246.7 bp−$2,467doesn’t fitdoesn’t fit
SELL · SHORTOKX8.74154.5 bp−$154doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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