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: Bybit against OKX−0.228%7-day average −0.205% · you buy dearer than you sell
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2712.714% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.228%, 7d avg −0.205%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.022% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.205%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PYPL-USDT-SWAP | 52.740 | 0 | get 0.0000% / 8h | 6h 26m | $114K | $39K | 20x |
| Short | Bybit PYPLUSDT | 52.620 | 0 | get 0.0000% / 8h | 6h 26m | $371K | $44K | 25x |
OKX PYPL-USDT-SWAP
Bybit PYPLUSDTFunding 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
- $0
- Price spread: −0.228% → −0.205%
- −$2.24
- Slippage, 4 orders
- −$250.36
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$273.6
- Costs to cover
- 2.714%
- Break-even
- never at this rate
Slippage from OKX: live order book, 38 min ago; Bybit: live order book, 33 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, 38 min ago | 7.58 bp | 78.1 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 33 min ago | 9.49 bp | 74.0 bp −$74 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.120 | −1.176% | $7K | $22K | 12x | as long as short |
| edgeX PYPLUSDC | −0.0121% | 4h | 52.642 | −0.187% | $28K | $247K | 10x | as long as short |
| Binance PYPLUSDT | 0.0000% | 8h | 52.651 | −0.168% | $284K | $181K | 20x | as long as short |
| Bybit PYPLUSDTshort | 0.0000% | 8h | 52.620 | −0.228% | $371K | $44K | 25x | |
| OKX PYPL-USDT-SWAPlong | 0.0000% | 8h | 52.740 | long leg | $114K | $39K | 20x | |
| Gate PYPL_USDT | 0.0000% | 8h | 52.700 | −0.076% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.630 | −0.209% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.680 | −0.114% | $7K | $14K | 10x | as long as short |
Injective PYPL/USDC PERP
edgeX PYPLUSDC
Binance PYPLUSDT
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT