Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h +0.077%
Price spread now: OKX against Bybit+0.016%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2812.806% of the position
Funding, last 7 days+0.365%+$37 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.016%, 7d avg −0.029%
=The price spread pays, funding is against you. OKX is 0.045% dearer against Bybit than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.029%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.365%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit VRTUSDT | 251.01 | 0.0416 | pay 0.0416% / 8h | 3h 02m | $449K | $122K | 25x |
| Short | OKX VRT-USDT-SWAP | 251.05 | 0.0382 | get 0.0382% / 8h | 3h 02m | $269K | $161K | 20x |
Bybit VRTUSDT
OKX VRT-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
- −$7.28
- Price spread: +0.016% → −0.029%
- $4.48
- Slippage, 4 orders
- −$259.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$283.37
- Costs to cover
- 2.806%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 42 min ago; OKX: live order book, 47 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, 42 min ago | 4.76 bp | 82.6 bp −$83 | 216.9 bp −$2,169 | doesn't fit | doesn't fit |
| Sell OKX live order book, 47 min ago | 9.53 bp | 62.0 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
VRT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate VRT_USDT | 0.0000% | 8h | 251.60 | +0.235% | $141K | $18K | 20x | as long as short |
| Bitget VRTUSDT | 0.0000% | 8h | 251.17 | +0.064% | $483K | $153K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 250.99 | −0.008% | $359 | $461K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 250.65 | −0.143% | $9K | $42K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −0.633% | $9K | $50 | 12x | as long as short |
| OKX VRT-USDT-SWAPshort | +0.0382% | 8h | 251.05 | +0.016% | $269K | $161K | 20x | |
| Bybit VRTUSDTlong | +0.0416% | 8h | 251.01 | long leg | $449K | $122K | 25x | |
| KuCoin VRTUSDTM | +0.0752% | 8h | 251.32 | +0.124% | $110K | $24K | 20x | as long as short |
| Binance VRTUSDT | +0.0865% | 8h | 250.86 | −0.060% | $1.1M | $1.0M | 25x | as long as short |
Gate VRT_USDT
Bitget VRTUSDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
KuCoin VRTUSDTM
Binance VRTUSDT