Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.036%
Price spread now: OKX against Bybit−0.103%7-day average +0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$390as in the Funding arb table
Net, price: spread back to 7d avg − costs−$460as in the Price arb table
costs, in and out, $10k−$4344.343% of the position
Funding, last 7 days+0.439%+$44 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.103%, 7d avg +0.155%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.259% cheaper against Bybit than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.155%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TSEMUSDT | 232.05 | 0 | get 0.0000% / 8h | 6h 17m | $130K | $2.6M | 25x |
| Short | OKX TSEM-USDT-SWAP | 231.81 | 0 | get 0.0000% / 8h | 6h 17m | $46K | $127K | 10x |
Bybit TSEMUSDT
OKX TSEM-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
- $0
- Price spread: −0.103% → +0.155%
- −$25.87
- Slippage, 4 orders
- −$413.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$460.18
- Costs to cover
- 4.343%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 30 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, 2 min ago | 6.68 bp | 81.3 bp −$81 | 167.5 bp −$1,675 | doesn't fit | doesn't fit |
| Sell OKX live order book, 30 min ago | 7.34 bp | 114.3 bp −$114 | doesn't fit | doesn't fit | doesn't fit |
TSEM on 6 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 TSEMUSDTlong | 0.0000% | 8h | 232.05 | long leg | $130K | $2.6M | 25x | |
| OKX TSEM-USDT-SWAPshort | 0.0000% | 8h | 231.81 | −0.103% | $46K | $127K | 10x | |
| Gate TSEM_USDT | 0.0000% | 8h | 231.38 | −0.289% | $163K | $233K | 20x | as long as short |
| Bitget TSEMUSDT | 0.0000% | 8h | 232.26 | +0.090% | $121K | $142K | 20x | as long as short |
| HTX TSEM-USDT | 0.0000% | 8h | 231.56 | −0.211% | $7K | $42K | 10x | as long as short |
| Vest TSEM-USD-PERP | +0.0046% | 1h | 232.11 | +0.026% | — | — | 5x | as long as short |
Gate TSEM_USDT
Bitget TSEMUSDT
HTX TSEM-USDT
Vest TSEM-USD-PERP