Funding you earn now, next payment 08:00 UTC−0.0160%/8h= −17.5% APRnext payment −$1.60 per $10,000 · paid last 24h −0.158%
Price spread now: Bybit against OKX+0.111%7-day average −0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$514as in the Funding arb table
Net, price: spread back to 7d avg − costs−$481as in the Price arb table
costs, in and out, $10k−$5055.054% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.111%, 7d avg −0.134%
=The price spread pays, funding is against you. Bybit is 0.245% dearer against OKX than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of −0.134%): +$25 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 7 days (−0.082% in total) that is about 21 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ON-USDT-SWAP | 72.030 | 0.0160 | pay 0.0160% / 8h | 3h 02m | $306K | $418K | 10x |
| Short | Bybit ONUSDT | 72.110 | 0 | get 0.0000% / 8h | 3h 02m | $136K | $214K | 50x |
OKX ON-USDT-SWAP
Bybit ONUSDTFunding 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
- −$33.55
- Price spread: +0.111% → −0.134%
- $24.52
- Slippage, 4 orders
- −$484.38
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$514.42
- Costs to cover
- 5.054%
- Break-even
- never at this rate
Slippage from OKX: live order book, 48 min ago; Bybit: live order book, 41 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, 48 min ago | 17.22 bp | 148.6 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 41 min ago | 7.60 bp | 90.2 bp −$90 | 247.7 bp −$2,477 | doesn't fit | doesn't fit |
ON on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONUSDTshort | 0.0000% | 8h | 72.110 | +0.111% | $136K | $214K | 50x | |
| Extended ON_24_5-USD | +0.0040% | 1h | 71.390 | −0.889% | $2K | — | 10x | as long as short |
| OKX ON-USDT-SWAPlong | +0.0160% | 8h | 72.030 | long leg | $306K | $418K | 10x |
Extended ON_24_5-USD