Funding you earn now, next payment 08:00 UTC−0.0161%/8h= −17.6% APRnext payment −$1.61 per $10,000 · paid last 24h −0.105%
Price spread now: Bybit against OKX−0.125%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1221.220% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 7 days+0.104%+$10 · spread now −0.125%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.113% cheaper against OKX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MINIMAX-USDT-SWAP | 39.990 | 0.1135 | pay 0.1135% / 8h | 6h 45m | $1.8M | $9.8M | 20x |
| Short | Bybit MINIMAXUSDT | 39.940 | 0.0974 | get 0.0974% / 8h | 6h 45m | $954K | $1.4M | 25x |
OKX MINIMAX-USDT-SWAP
Bybit MINIMAXUSDTFunding 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
- −$33.8
- Price spread: −0.125% → −0.012%
- −$11.34
- Slippage, 4 orders
- −$101.03
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$167.17
- Costs to cover
- 1.220%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 1 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, 3 min ago | 2.49 bp | 13.7 bp −$14 | 140.9 bp −$1,409 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.75 bp | 53.0 bp −$53 | 178.4 bp −$1,784 | doesn't fit | doesn't fit |
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 39.970 | −0.050% | $1.2M | $4.4M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 40.010 | +0.050% | $16 | $3.8M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 40.013 | +0.058% | $38K | $70K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.955 | −0.088% | $100K | $4K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0148% | 8h | 39.812 | −0.444% | $35K | $152K | 20x | as long as short |
| KuCoin MINIMAXUSDTM | +0.0204% | 4h | 40.000 | +0.025% | $100K | $44K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0440% | 1h | 39.958 | −0.079% | — | — | 10x | as long as short |
| Extended MINIMAX-USD | +0.0568% | 1h | 39.949 | −0.101% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0571% | 4h | 39.950 | −0.100% | $6.8M | $35.8M | 25x | as long as short |
| edgeX MINIMAXUSDC | +0.0599% | 4h | 40.060 | +0.175% | $30K | $188K | 10x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
KuCoin MINIMAXUSDTM
Aevo MINIMAX-PERP
Extended MINIMAX-USD
Binance MINIMAXUSDT
edgeX MINIMAXUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MINIMAXUSDTshort | +0.0974% | 8h | 39.940 | −0.125% | $954K | $1.4M | 25x | |
| Bitget MINIMAXUSDT | +0.1090% | 8h | 39.956 | −0.085% | $1.3M | $2.7M | 20x | as long as short |
| OKX MINIMAX-USDT-SWAPlong | +0.1135% | 8h | 39.990 | long leg | $1.8M | $9.8M | 20x | |
| GRVT MINIMAX_USDT_Perp | +0.1364% | 4h | 40.150 | +0.400% | $96 | $128K | 10x | as long as short |
| Lighter MINIMAX | +0.1800% | 1h | 39.973 | −0.043% | $46K | $23K | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.2830% | 1h | 39.954 | −0.090% | $4.7M | $3.1M | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.2994% | 1h | 40.010 | +0.050% | $31K | $51K | 5x | as long as short |
Bitget MINIMAXUSDT
GRVT MINIMAX_USDT_Perp
Lighter MINIMAX
tradeXYZ xyz:MINIMAX
Ondo Perps MINIMAX-USD.P