Funding you earn now, next payment 08:00 UTC−0.1566%/8h= −171.5% APRnext payment −$15.66 per $10,000 · paid last 24h −0.052%
Price spread now: OKX against Bybit+0.215%7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$407as in the Funding arb table
Net, price: spread back to 7d avg − costs−$390as in the Price arb table
costs, in and out, $10k−$3953.954% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.215%, 7d avg +0.159%
=The price spread pays, funding is against you. OKX is 0.056% dearer against Bybit than usual: you sell high and buy low (spread +0.215% now, against its 7-day average of +0.159%): +$6 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.111% in total) that is about 3.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POETUSDT | 8.3900 | 0.1841 | pay 0.1841% / 8h | 2h 11m | $223K | $309K | 25x |
| Short | OKX POET-USDT-SWAP | 8.4080 | 0.0275 | get 0.0275% / 8h | 2h 11m | $165K | $213K | 10x |
Bybit POETUSDT
OKX POET-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
- −$328.86
- Price spread: +0.215% → +0.159%
- $5.6
- Slippage, 4 orders
- −$374.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$718.67
- Costs to cover
- 3.954%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 28 min ago; OKX: live order book, 34 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, 28 min ago | 5.95 bp | 145.5 bp −$146 | 240.4 bp −$2,404 | doesn't fit | doesn't fit |
| Sell OKX live order book, 34 min ago | 5.93 bp | 56.9 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
POET on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget POETUSDT | −0.0541% | 8h | 8.4020 | +0.143% | $268K | $84K | 20x | as long as short |
| KuCoin POETUSDTM | +0.0100% | 8h | 8.3900 | 0.000% | $58K | $107K | 20x | as long as short |
| OKX POET-USDT-SWAPshort | +0.0275% | 8h | 8.4080 | +0.215% | $165K | $213K | 10x | |
| Bybit POETUSDTlong | +0.1841% | 8h | 8.3900 | long leg | $223K | $309K | 25x |
Bitget POETUSDT
KuCoin POETUSDTM