Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against OKX−0.144%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$521as in the Funding arb table
Net, price: spread back to 7d avg − costs−$468as in the Price arb table
costs, in and out, $10k−$4614.613% of the position
Funding, last 7 days−0.595%−$59 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.144%, 7d avg −0.082%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.063% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.082%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SPCH-USDT-SWAP | 10.382 | 0 | get 0.0000% / 8h | 7h 03m | $95K | $278K | 10x |
| Short | Bybit SPCHUSDT | 10.367 | 0 | get 0.0000% / 8h | 7h 03m | $174K | $183K | 25x |
OKX SPCH-USDT-SWAP
Bybit SPCHUSDTFunding 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
- $0
- Price spread: −0.144% → −0.082%
- −$6.27
- Slippage, 4 orders
- −$440.32
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$467.59
- Costs to cover
- 4.613%
- Break-even
- never at this rate
Slippage from OKX: live order book, 27 min ago; Bybit: live order book, 11 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, 27 min ago | 12.16 bp | 78.3 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 11 min ago | 6.76 bp | 166.1 bp −$166 | doesn't fit | doesn't fit | doesn't fit |
SPCH on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SPCHUSDTshort | 0.0000% | 8h | 10.367 | −0.144% | $174K | $183K | 25x | |
| OKX SPCH-USDT-SWAPlong | 0.0000% | 8h | 10.382 | long leg | $95K | $278K | 10x | |
| Gate SPCH_USDT | 0.0000% | 8h | 10.381 | −0.010% | $222K | $501K | 20x | as long as short |
| Bitget SPCHUSDT | 0.0000% | 8h | 10.356 | −0.250% | $212K | $279K | 20x | as long as short |
| HTX SPCH-USDT | 0.0000% | 8h | 10.385 | +0.029% | $17K | $388K | 20x | as long as short |
Gate SPCH_USDT
Bitget SPCHUSDT
HTX SPCH-USDT