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: Bybit against OKX−0.214%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$384as in the Funding arb table
Net, price: spread back to 7d avg − costs−$401as 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 −0.214%, 7d avg −0.159%
=Funding pays, the price is against you. Bybit is 0.056% cheaper against OKX than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of −0.159%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$47 a day). 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 | OKX POET-USDT-SWAP | 8.4080 | 0.0275 | pay 0.0275% / 8h | 2h 11m | $165K | $213K | 10x |
| Short | Bybit POETUSDT | 8.3900 | 0.1841 | get 0.1841% / 8h | 2h 11m | $223K | $309K | 25x |
OKX POET-USDT-SWAP
Bybit POETUSDTFunding 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
- $328.86
- Price spread: −0.214% → −0.159%
- −$5.55
- Slippage, 4 orders
- −$374.41
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$72.1
- Costs to cover
- 3.954%
- Break-even
- 8.5 days
Slippage from OKX: live order book, 34 min ago; Bybit: live order book, 28 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 | 5.93 bp | 49.5 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 28 min ago | 5.95 bp | 143.5 bp −$143 | 232.2 bp −$2,322 | 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 | −0.071% | $268K | $84K | 20x | as long as short |
| KuCoin POETUSDTM | +0.0100% | 8h | 8.3900 | −0.214% | $58K | $107K | 20x | as long as short |
| OKX POET-USDT-SWAPlong | +0.0275% | 8h | 8.4080 | long leg | $165K | $213K | 10x | |
| Bybit POETUSDTshort | +0.1841% | 8h | 8.3900 | −0.214% | $223K | $309K | 25x |
Bitget POETUSDT
KuCoin POETUSDTM