Funding you earn now, next payment 08:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.83 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against OKX+0.165%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$403as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$3893.894% of the position
Funding, last 7 days−0.132%−$13 on $10k
+Price spread, last 4 days (all we have)−0.200%−$20 · spread now +0.165%, 7d avg +0.005%
=The price spread pays, funding is against you. Bybit is 0.161% dearer against OKX than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of +0.005%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX HYUNDAI-USDT-SWAP | 266.18 | 0.0176 | pay 0.0176% / 8h | 2h 11m | $129K | $140K | 25x |
| Short | Bybit HYUNDAIUSDT | 266.62 | 0.0093 | get 0.0093% / 8h | 2h 11m | $148K | $76K | 25x |
OKX HYUNDAI-USDT-SWAP
Bybit HYUNDAIUSDTFunding 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
- −$17.4
- Price spread: +0.165% → +0.005%
- $16.06
- Slippage, 4 orders
- −$368.42
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$390.75
- Costs to cover
- 3.894%
- Break-even
- never at this rate
Slippage from OKX: live order book, 34 min ago; Bybit: live order book, 19 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, 34 min ago | 1.69 bp | 76.4 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 19 min ago | 3.20 bp | 110.0 bp −$110 | 192.6 bp −$1,926 | doesn't fit | doesn't fit |
HYUNDAI on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HYUNDAIUSDT | 0.0000% | 4h | 266.45 | +0.102% | $10K | $1K | 20x | as long as short |
| Binance HYUNDAIUSDT | 0.0000% | 4h | 266.37 | +0.071% | $1.7M | $1.6M | 25x | as long as short |
| Gate HYUNDAI_USDT | 0.0000% | 4h | 266.20 | +0.008% | $653K | $1.0M | 25x | as long as short |
| Bitget HYUNDAIUSDT | 0.0000% | 4h | 266.43 | +0.094% | $838K | $729K | 20x | as long as short |
| GRVT HYUNDAI_USDT_Perp | 0.0000% | 4h | 265.52 | −0.247% | $2K | $133K | 10x | as long as short |
| SunX HYUNDAI-USDT | 0.0000% | 4h | 266.27 | +0.034% | $952 | $561K | 10x | as long as short |
| HTX HYUNDAI-USDT | 0.0000% | 4h | 265.73 | −0.169% | $7K | $32K | 20x | as long as short |
| Phemex HYUNDAIUSDT | 0.0000% | 8h | 266.30 | +0.045% | $2.3M | $110K | 10x | as long as short |
| Bybit HYUNDAIUSDTshort | +0.0093% | 8h | 266.62 | +0.165% | $148K | $76K | 25x | |
| KuCoin HYUNDAIUSDTM | +0.0100% | 4h | 266.05 | −0.049% | $318K | $1.3M | 20x | as long as short |
Aster HYUNDAIUSDT
Binance HYUNDAIUSDT
Gate HYUNDAI_USDT
Bitget HYUNDAIUSDT
GRVT HYUNDAI_USDT_Perp
SunX HYUNDAI-USDT
HTX HYUNDAI-USDT
Phemex HYUNDAIUSDT
KuCoin HYUNDAIUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:HYUNDAI | +0.0120% | 1h | 266.43 | +0.094% | $974K | $1.4M | 10x | as long as short |
| OKX HYUNDAI-USDT-SWAPlong | +0.0176% | 8h | 266.18 | long leg | $129K | $140K | 25x |
tradeXYZ xyz:HYUNDAI