Funding you earn now, next payment 08:00 UTC−0.0351%/8h= −38.5% APRnext payment −$3.51 per $10,000 · paid last 24h −0.081%
Price spread now: OKX against Bybit−0.059%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$389as in the Funding arb table
Net, price: spread back to 7d avg − costs−$377as in the Price arb table
costs, in and out, $10k−$3783.777% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.059%, 7d avg −0.064%
=The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.51 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 SNOWUSDT | 339.83 | 0.0351 | pay 0.0351% / 8h | 2h 11m | $715K | $290K | 25x |
| Short | OKX SNOW-USDT-SWAP | 339.63 | 0 | get 0.0000% / 8h | 2h 11m | $329K | $163K | 20x |
Bybit SNOWUSDT
OKX SNOW-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
- −$73.75
- Price spread: −0.059% → −0.064%
- $0.56
- Slippage, 4 orders
- −$356.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$450.92
- Costs to cover
- 3.777%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 9 min ago; OKX: live order book, 34 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, 9 min ago | 4.27 bp | 111.9 bp −$112 | 208.9 bp −$2,089 | doesn't fit | doesn't fit |
| Sell OKX live order book, 34 min ago | 14.99 bp | 91.7 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
SNOW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SNOW/USDC PERP | −0.0220% | 1h | 336.66 | −0.933% | $7K | $98 | 12x | as long as short |
| OKX SNOW-USDT-SWAPshort | 0.0000% | 8h | 339.63 | −0.059% | $329K | $163K | 20x | |
| Gate SNOW_USDT | 0.0000% | 8h | 340.06 | +0.068% | $102K | $234K | 20x | as long as short |
| Bitget SNOWUSDT | 0.0000% | 8h | 339.96 | +0.038% | $316K | $165K | 20x | as long as short |
| HTX SNOW-USDT | 0.0000% | 8h | 340.24 | +0.121% | $8K | $40K | 10x | as long as short |
| Variational Omni SNOW | +0.0265% | 8h | 340.11 | +0.084% | $59K | $63K | — | as long as short |
| Binance SNOWUSDT | +0.0350% | 8h | 340.24 | +0.121% | $743K | $752K | 25x | as long as short |
| Bybit SNOWUSDTlong | +0.0351% | 8h | 339.83 | long leg | $715K | $290K | 25x |
Injective SNOW/USDC PERP
Gate SNOW_USDT
Bitget SNOWUSDT
HTX SNOW-USDT
Variational Omni SNOW
Binance SNOWUSDT