Funding you earn now, next payment 16:00 UTC−0.0115%/8h= −12.6% APRnext payment −$1.15 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against Bybit−0.257%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$345as in the Funding arb table
Net, price: spread back to 7d avg − costs−$367as in the Price arb table
costs, in and out, $10k−$3363.359% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.257%, 7d avg +0.053%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.310% cheaper against Bybit than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RDWUSDT | 11.661 | 0.0115 | pay 0.0115% / 8h | 6h 17m | $464K | $420K | 25x |
| Short | OKX RDW-USDT-SWAP | 11.631 | 0 | get 0.0000% / 8h | 6h 17m | $150K | $242K | 10x |
Bybit RDWUSDT
OKX RDW-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
- −$24.13
- Price spread: −0.257% → +0.053%
- −$30.99
- Slippage, 4 orders
- −$314.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$390.98
- Costs to cover
- 3.359%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 29 min ago; OKX: live order book, 30 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, 29 min ago | 4.73 bp | 110.1 bp −$110 | 692.7 bp −$6,927 | doesn't fit | doesn't fit |
| Sell OKX live order book, 30 min ago | 13.33 bp | 73.7 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
RDW on 8 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX RDW-USDT-SWAPshort | 0.0000% | 8h | 11.631 | −0.257% | $150K | $242K | 10x | |
| QFEX RDW-USD | 0.0000% | 1h | 11.660 | −0.009% | $1.1M | $134K | 10x | as long as short |
| Gate RDW_USDT | 0.0000% | 8h | 11.658 | −0.026% | $134K | $32K | 20x | as long as short |
| Bitget RDWUSDT | 0.0000% | 8h | 11.658 | −0.026% | $412K | $102K | 20x | as long as short |
| KuCoin RDWUSDTM | +0.0100% | 8h | 11.650 | −0.094% | $294K | $639K | 20x | as long as short |
| SunX RDW-USDT | +0.0100% | 8h | 11.655 | −0.051% | — | $1.8M | 10x | as long as short |
| HTX RDW-USDT | +0.0100% | 8h | 11.733 | +0.617% | $13K | $50K | 10x | as long as short |
| Bybit RDWUSDTlong | +0.0115% | 8h | 11.661 | long leg | $464K | $420K | 25x |
QFEX RDW-USD
Gate RDW_USDT
Bitget RDWUSDT
KuCoin RDWUSDTM
SunX RDW-USDT
HTX RDW-USDT