Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit+0.057%7-day average +0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2272.271% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.174%+$17 · spread now +0.057%, 7d avg +0.201%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.144% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.201%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYPLUSDT | 52.660 | 0 | get 0.0000% / 8h | 2h 12m | $371K | $44K | 25x |
| Short | OKX PYPL-USDT-SWAP | 52.690 | 0 | get 0.0000% / 8h | 2h 12m | $114K | $40K | 20x |
Bybit PYPLUSDT
OKX PYPL-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
- $0
- Price spread: +0.057% → +0.201%
- −$14.36
- Slippage, 4 orders
- −$206.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$241.5
- Costs to cover
- 2.271%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 27 min ago; OKX: live order book, 32 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, 27 min ago | 6.65 bp | 46.5 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 32 min ago | 8.54 bp | 77.3 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
PYPL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX PYPLUSDC | −0.0691% | 4h | 52.640 | −0.038% | $28K | $249K | 10x | as long as short |
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.110 | −1.044% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDT | 0.0000% | 8h | 52.650 | −0.019% | $290K | $191K | 20x | as long as short |
| Bybit PYPLUSDTlong | 0.0000% | 8h | 52.660 | long leg | $371K | $44K | 25x | |
| OKX PYPL-USDT-SWAPshort | 0.0000% | 8h | 52.690 | +0.057% | $114K | $40K | 20x | |
| Gate PYPL_USDT | 0.0000% | 8h | 52.630 | −0.057% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.630 | −0.057% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.650 | −0.019% | $7K | $19K | 10x | as long as short |
edgeX PYPLUSDC
Injective PYPL/USDC PERP
Binance PYPLUSDT
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT