Funding you earn now, next payment 16:00 UTC−0.1574%/8h= −172.3% APRnext payment −$15.74 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit+0.085%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 0.085% dearer against Bybit than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 4 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.74 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 SONYUSDT | 23.630 | 0.1574 | pay 0.1574% / 8h | 7h 25m | $98K | $32K | 25x |
| Short | OKX SONY-USDT-SWAP | 23.650 | 0 | get 0.0000% / 8h | 7h 25m | $75K | $28K | 10x |
Bybit SONYUSDT
OKX SONY-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
- −$330.47
- Price spread: +0.085% → 0.000%
- $8.46
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$343
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Bybit: no order-book sample; OKX: no order-book sample. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell OKX no order-book sample | — | — | — | — | — |
Bybit and OKX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SONY 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SONYUSDT | 0.0000% | 8h | 23.620 | −0.043% | $345K | $257K | 20x | as long as short |
| OKX SONY-USDT-SWAPshort | 0.0000% | 8h | 23.650 | +0.085% | $75K | $28K | 10x | |
| Gate SONY_USDT | 0.0000% | 8h | 23.623 | −0.030% | $64K | $1K | 20x | as long as short |
| Bitget SONYUSDT | 0.0000% | 8h | 23.627 | −0.013% | $149K | $8K | 20x | as long as short |
| Variational Omni SONY | 0.0000% | 8h | 23.616 | −0.059% | $46K | $9K | — | as long as short |
| KuCoin SONYUSDTM | +0.0100% | 8h | 23.610 | −0.085% | $60K | $375K | 20x | as long as short |
| HTX SONY-USDT | +0.0100% | 8h | 23.650 | +0.085% | $8K | $7K | 10x | as long as short |
| Bybit SONYUSDTlong | +0.1574% | 8h | 23.630 | long leg | $98K | $32K | 25x |
Binance SONYUSDT
Gate SONY_USDT
Bitget SONYUSDT
Variational Omni SONY
KuCoin SONYUSDTM
HTX SONY-USDT