Funding you earn now, next payment 16:00 UTC+0.0312%/8h= +34.1% APRnext payment +$3.12 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit+0.021%7-day average −0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$283as in the Price arb table
costs, in and out, $10k−$2992.987% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.021%, 7d avg −0.133%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and OKX is 0.154% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.133%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.12 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 SHEINUSDT | 4.8600 | 0 | get 0.0000% / 8h | 5h 25m | $394K | $106K | 25x |
| Short | OKX SHEIN-USDT-SWAP | 4.8610 | 0.0312 | get 0.0312% / 8h | 5h 25m | $141K | $236K | 10x |
Bybit SHEINUSDT
OKX SHEIN-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
- $65.48
- Price spread: +0.021% → −0.133%
- $15.37
- Slippage, 4 orders
- −$277.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$217.88
- Costs to cover
- 2.987%
- Break-even
- 30.3 days
Slippage from Bybit: live order book, 12 min ago; OKX: live order book, 18 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, 12 min ago | 20.53 bp | 62.6 bp −$63 | 1478.2 bp −$14.8K | doesn't fit | doesn't fit |
| Sell OKX live order book, 18 min ago | 6.16 bp | 88.8 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
SHEIN 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SHEINUSDTlong | 0.0000% | 8h | 4.8600 | long leg | $394K | $106K | 25x | |
| Gate SHEIN_USDT | 0.0000% | 8h | 4.8520 | −0.165% | $48K | $43K | 50x | as long as short |
| Bitget SHEINUSDT | 0.0000% | 8h | 4.8620 | +0.041% | $248K | $276K | 20x | as long as short |
| HTX SHEIN-USDT | 0.0000% | 1h | 4.8659 | +0.121% | $7K | $382K | 20x | as long as short |
| Lighter SHEIN | +0.0032% | 1h | 4.8568 | −0.066% | $65K | $1.0M | 5x | as long as short |
| Lighter RH SHEIN | +0.0032% | 1h | 4.8580 | −0.041% | $32K | $60K | 5x | as long as short |
| OKX SHEIN-USDT-SWAPshort | +0.0312% | 8h | 4.8610 | +0.021% | $141K | $236K | 10x | |
| tradeXYZ xyz:SHEIN | +0.1277% | 1h | 4.8519 | −0.167% | $735K | $263K | 10x | as long as short |
Gate SHEIN_USDT
Bitget SHEINUSDT
HTX SHEIN-USDT
Lighter SHEIN
Lighter RH SHEIN
tradeXYZ xyz:SHEIN