Funding you earn now, next payment 16:00 UTC−0.1646%/8h= −180.2% APRnext payment −$16.46 per $10,000 · paid last 24h −0.166%
Price spread now: OKX against Bybit+0.072%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$255as in the Price arb table
costs, in and out, $10k−$2602.596% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.072%, 7d avg +0.025%
=The price spread pays, funding is against you. OKX is 0.048% dearer against Bybit than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of +0.025%): +$5 on $10k if it goes back. Holding the pair costs −$49 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.172%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.172% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.46 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 RAMUSDT | 13.840 | 0 | get 0.0000% / 8h | 7h 38m | $172K | $144K | 25x |
| Short | OKX RAM-USDT-SWAP | 13.850 | −0.1646 | pay 0.1646% / 8h | 7h 38m | $317K | $489K | 10x |
Bybit RAMUSDT
OKX RAM-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
- −$345.6
- Price spread: +0.072% → +0.025%
- $4.76
- Slippage, 4 orders
- −$238.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$600.45
- Costs to cover
- 2.596%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 42 min ago; OKX: live order book, 57 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, 42 min ago | 7.12 bp | 109.0 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 57 min ago | 7.11 bp | 48.7 bp −$49 | 1050.0 bp −$10.5K | doesn't fit | doesn't fit |
RAM on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance RAMUSDT | −0.3063% | 8h | 13.840 | 0.000% | $775K | $2.0M | 20x | as long as short |
| MEXC RAM_USDT | −0.3058% | 8h | 13.850 | +0.072% | $388K | $90K | 20x | as long as short |
| BloFin RAM-USDT | −0.3031% | 8h | 13.850 | +0.072% | $31K | $2K | 20x | as long as short |
| KuCoin RAMUSDTM | −0.1773% | 8h | 13.850 | +0.072% | $14K | $78K | 20x | as long as short |
| OKX RAM-USDT-SWAPshort | −0.1646% | 8h | 13.850 | +0.072% | $317K | $489K | 10x | |
| Bitget RAMUSDT | −0.1540% | 8h | 13.832 | −0.058% | $214K | $193K | 20x | as long as short |
| Bybit RAMUSDTlong | 0.0000% | 8h | 13.840 | long leg | $172K | $144K | 25x | |
| Gate RAM_USDT | 0.0000% | 8h | 13.865 | +0.181% | $24K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 13.853 | +0.094% | $6K | $4K | 10x | as long as short |
| Phemex RAMUSDT | 0.0000% | 8h | 13.860 | +0.145% | $754K | $199K | 20x | as long as short |
Binance RAMUSDT
MEXC RAM_USDT
BloFin RAM-USDT
KuCoin RAMUSDTM
Bitget RAMUSDT
Gate RAM_USDT
HTX RAM-USDT
Phemex RAMUSDT