Funding you earn now, next payment 16:00 UTC−0.0979%/8h= −107.2% APRnext payment −$9.79 per $10,000 · paid last 24h −0.073%
Price spread now: Bybit against OKX−0.580%7-day average −0.315% · you buy dearer than you sell
Net, funding: paid 7d − costs−$532as in the Funding arb table
Net, price: spread back to 7d avg − costs−$541as in the Price arb table
costs, in and out, $10k−$5155.150% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 4 days (all we have)+0.506%+$51 · spread now −0.580%, 7d avg −0.315%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Bybit is 0.264% cheaper against OKX than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.315%). Swap the legs.
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 −$9.79 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 | OKX RIOT-USDT-SWAP | 24.150 | 0.0979 | pay 0.0979% / 8h | 5h 08m | $78K | $141K | 10x |
| Short | Bybit RIOTUSDT | 24.010 | 0 | get 0.0000% / 8h | 5h 08m | $165K | $73K | 25x |
OKX RIOT-USDT-SWAP
Bybit RIOTUSDTFunding 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
- −$205.64
- Price spread: −0.580% → −0.315%
- −$26.42
- Slippage, 4 orders
- −$493.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$747.02
- Costs to cover
- 5.150%
- Break-even
- never at this rate
Slippage from OKX: live order book, 35 min ago; Bybit: live order book, 29 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, 35 min ago | 8.26 bp | 95.8 bp −$96 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 29 min ago | 14.51 bp | 126.4 bp −$126 | 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 RIOTUSDTshort | 0.0000% | 8h | 24.010 | −0.580% | $165K | $73K | 25x | |
| QFEX RIOT-USD | 0.0000% | 1h | 23.940 | −0.870% | $1.6M | $811K | 10x | as long as short |
| Extended RIOT-USD | +0.0040% | 1h | 23.938 | −0.880% | $478 | $498 | 5x | as long as short |
| OKX RIOT-USDT-SWAPlong | +0.0979% | 8h | 24.150 | long leg | $78K | $141K | 10x |
QFEX RIOT-USD
Extended RIOT-USD