Funding you earn now, next payment 08:00 UTC+0.0767%/8h= +84.0% APRnext payment +$7.67 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit0.000%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$450.455% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 7 days−0.036%−$4 · spread now 0.000%, 7d avg −0.024%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and OKX is 0.024% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.024%. Mind the row above: over the last 7 days funding on this pair cost −0.152%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.67 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 SNXXUSDT | 17.390 | −0.1506 | get 0.1506% / 8h | 1h 23m | $3.8M | $19.7M | 50x |
| Short | OKX SNXX-USDT-SWAP | 17.390 | −0.0739 | pay 0.0739% / 8h | 1h 23m | $5.3M | $63.0M | 25x |
Bybit SNXXUSDT
OKX SNXX-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
- $161.14
- Price spread: 0.000% → −0.024%
- $2.36
- Slippage, 4 orders
- −$24.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $118
- Costs to cover
- 0.455%
- Break-even
- 1.9 days
Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 2.88 bp | 13.3 bp −$13 | 30.3 bp −$303 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.88 bp | 11.3 bp −$11 | 18.4 bp −$184 | 297.0 bp −$29.7K | doesn't fit |
SNXX on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SNXX | −0.1603% | 1h | 17.383 | −0.040% | $145K | $733K | 10x | as long as short |
| MEXC SNXX_USDT | −0.1533% | 8h | 17.390 | 0.000% | $9.3M | $7.7M | 50x | as long as short |
| BloFin SNXX-USDT | −0.1532% | 8h | 17.380 | −0.058% | $294K | $279K | 25x | as long as short |
| Binance SNXXUSDT | −0.1518% | 8h | 17.400 | +0.058% | $31.4M | $474.6M | 25x | as long as short |
| Bybit SNXXUSDTlong | −0.1506% | 8h | 17.390 | long leg | $3.8M | $19.7M | 50x | |
| KuCoin SNXXUSDTM | −0.1145% | 8h | 17.370 | −0.115% | $205K | $249K | 20x | as long as short |
| Bitget SNXXUSDT | −0.1130% | 8h | 17.402 | +0.069% | $3.9M | $40.2M | 20x | as long as short |
| Aster SNXXUSDT | −0.0909% | 8h | 17.360 | −0.174% | $52K | $490K | 20x | as long as short |
| HTX SNXX-USDT | −0.0840% | 8h | 17.420 | +0.173% | $9K | $5K | 10x | as long as short |
| edgeX SNXXUSDC | −0.0753% | 4h | 17.347 | −0.247% | $53K | $402K | 10x | as long as short |
tradeXYZ xyz:SNXX
MEXC SNXX_USDT
BloFin SNXX-USDT
Binance SNXXUSDT
KuCoin SNXXUSDTM
Bitget SNXXUSDT
Aster SNXXUSDT
HTX SNXX-USDT
edgeX SNXXUSDCShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SNXX-USDT-SWAPshort | −0.0739% | 8h | 17.390 | 0.000% | $5.3M | $63.0M | 25x | |
| Orderly PERP_SNXX_USDC_mythos | −0.0468% | 8h | 17.370 | −0.115% | $1K | $2K | 10x | as long as short |
| Gate SNXX_USDT | −0.0183% | 8h | 17.389 | −0.006% | $4.6M | $19.2M | 50x | as long as short |
| SunX SNXX-USDT | −0.0008% | 8h | 17.380 | −0.058% | — | $4.5M | 10x | as long as short |
| Phemex SNXXUSDT | 0.0000% | 8h | 17.400 | +0.058% | $1.6M | $1.5M | 20x | as long as short |
Orderly PERP_SNXX_USDC_mythos
Gate SNXX_USDT
SunX SNXX-USDT
Phemex SNXXUSDT