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

FLY

RWAAll FLY markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKXFLY-USDT-SWAP
23.89500.0000% / 8h7h 58m$155K$385K10xLong OKX
SHORT
BybitFLYUSDT
23.795−0.2031pay 0.2031% / 8h7h 58m$333K$1.3M25xShort Bybit
Price gap−0.418%
Funding gap−0.2031% /8h

Both sides work against this direction now: funding costs $61 a day on $10k and the gap is 0.356% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$8−0.2031% /8h now · paid −0.084% over the last 7D
Price−$36spread −0.418% now, avg −0.063% → −0.356% if it goes back
Costs−$5325.322% of $10k · taker + slippage, in and out
Result−$576−5.76%no points

The current funding rate is far below 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−0.418%
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

1 ok · 4 to watch
  • Watch: Thin at this size145.0 / 116.7 bp
    At $10k entering OKX costs 145.0 bp, fee and slippage, 1.2× Bybit’s.
  • Note: Margin at max leverage$1,000 + $400
    OKX 10x, Bybit 25x. 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: −$60.94Long OKX: 3 payments, $0.00; short Bybit: 3 payments, −$60.94.
  • Watch: Gap narrower than usual−0.418% vs −0.063%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$155K vs $333K OI
    OKX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Yes · Bybit Yes
    Advanced verification before trading, deposits or withdrawals.

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−0.418% → −0.063% (7d avg)−$35.55
Slippage, 4 orderslive order books−$511.17
Fee OKX bp × 2 orders−$10.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$576.09
Costs to cover5.322%Break-evennever at this rate
Slippage: OKX: live order book, 42 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX8.74145.0 bp−$145doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit8.36116.7 bp−$117247.5 bp−$2,475doesn’t fitdoesn’t fit

Closing costs about the same again.

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