Funding you earn now, next payment 16:00 UTC−0.0164%/8h= −17.9% APRnext payment −$1.64 per $10,000 · paid last 24h −0.066%
Price spread now: OKX against Bybit−0.207%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$583as in the Funding arb table
Net, price: spread back to 7d avg − costs−$580as in the Price arb table
costs, in and out, $10k−$5765.763% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.207%, 7d avg −0.170%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.038% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.170%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OUSTUSDT | 38.560 | 0.0225 | pay 0.0225% / 8h | 4h 47m | $550K | $405K | 25x |
| Short | OKX OUST-USDT-SWAP | 38.480 | 0.0061 | get 0.0061% / 8h | 4h 47m | $110K | $239K | 20x |
Bybit OUSTUSDT
OKX OUST-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- −$34.41
- Price spread: −0.207% → −0.170%
- −$3.77
- Slippage, 4 orders
- −$555.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$614.47
- Costs to cover
- 5.763%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 50 min ago; OKX: live order book, 55 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 Bybit live order book, 50 min ago | 6.45 bp | 158.1 bp −$158 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 55 min ago | 9.04 bp | 135.5 bp −$136 | doesn't fit | doesn't fit | doesn't fit |
OUST on 7 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OUST-USD | 0.0000% | 1h | 38.230 | −0.856% | $1.1M | $598K | 10x | as long as short |
| Gate OUST_USDT | 0.0000% | 8h | 38.460 | −0.259% | $101K | $33K | 20x | as long as short |
| Bitget OUSTUSDT | 0.0000% | 8h | 38.370 | −0.493% | $423K | $266K | 20x | as long as short |
| OKX OUST-USDT-SWAPshort | +0.0061% | 8h | 38.480 | −0.207% | $110K | $239K | 20x | |
| HTX OUST-USDT | +0.0100% | 8h | 38.400 | −0.415% | $5K | $348K | 20x | as long as short |
| Bybit OUSTUSDTlong | +0.0225% | 8h | 38.560 | long leg | $550K | $405K | 25x | |
| edgeX OUSTUSDC | +0.0561% | 4h | 38.495 | −0.168% | $39K | $270K | 10x | as long as short |
QFEX OUST-USD
Gate OUST_USDT
Bitget OUSTUSDT
HTX OUST-USDT
edgeX OUSTUSDC