Funding you earn now, next payment 16:00 UTC+0.0937%/8h= +102.6% APRnext payment +$9.37 per $10,000 · paid last 24h +0.073%
Price spread now: OKX against Bybit+0.209%7-day average +0.318% · you sell dearer than you buy
Net, funding: paid 7d − costs−$502as in the Funding arb table
Net, price: spread back to 7d avg − costs−$530as in the Price arb table
costs, in and out, $10k−$5195.190% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.209%, 7d avg +0.318%
=Funding pays, the price is against you. OKX is 0.110% cheaper against Bybit than usual: you would sell low and buy high (spread +0.209% now, against its 7-day average of +0.318%). If the spread goes back, that is −$11 on $10k: about 9 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.168% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.37 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit RIOTUSDT | 23.980 | 0 | get 0.0000% / 8h | 4h 29m | $164K | $72K | 25x |
| Short | OKX RIOT-USDT-SWAP | 24.030 | 0.0937 | get 0.0937% / 8h | 4h 29m | $78K | $141K | 10x |
Bybit RIOTUSDT
OKX RIOT-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
- $196.77
- Price spread: +0.209% → +0.318%
- −$10.98
- Slippage, 4 orders
- −$497.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$333.2
- Costs to cover
- 5.190%
- Break-even
- 18.9 days
Slippage from Bybit: live order book, 68 min ago; OKX: live order book, 9 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, 68 min ago | 14.51 bp | 157.7 bp −$158 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 9 min ago | 10.41 bp | 106.2 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
RIOT on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit RIOTUSDTlong | 0.0000% | 8h | 23.980 | long leg | $164K | $72K | 25x | |
| QFEX RIOT-USD | 0.0000% | 1h | 24.000 | +0.083% | $1.6M | $788K | 10x | as long as short |
| Extended RIOT-USD | +0.0040% | 1h | 24.045 | +0.271% | $480 | — | 5x | as long as short |
| OKX RIOT-USDT-SWAPshort | +0.0937% | 8h | 24.030 | +0.209% | $78K | $141K | 10x |
QFEX RIOT-USD
Extended RIOT-USD