Funding you earn now, next payment 16:00 UTC+0.0102%/8h= +11.2% APRnext payment +$1.02 per $10,000 · paid last 24h −0.060%
Price spread now: Bybit against OKX0.000%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$304as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2682.676% of the position
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 4 days (all we have)+0.110%+$11 · spread now 0.000%, 7d avg +0.033%
=Funding pays, the price is against you. Bybit is 0.033% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.033%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.368%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX VRT-USDT-SWAP | 251.70 | 0.0302 | pay 0.0302% / 8h | 5h 57m | $259K | $166K | 20x |
| Short | Bybit VRTUSDT | 251.70 | 0.0404 | get 0.0404% / 8h | 5h 57m | $457K | $126K | 25x |
OKX VRT-USDT-SWAP
Bybit VRTUSDTFunding 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
- $21.46
- Price spread: 0.000% → +0.033%
- −$3.31
- Slippage, 4 orders
- −$246.56
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$249.4
- Costs to cover
- 2.676%
- Break-even
- 88.3 days
Slippage from OKX: live order book, 50 min ago; Bybit: live order book, 49 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, 50 min ago | 5.59 bp | 68.8 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 49 min ago | 6.19 bp | 80.0 bp −$80 | 215.8 bp −$2,158 | doesn't fit | doesn't fit |
VRT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate VRT_USDT | 0.0000% | 8h | 251.70 | 0.000% | $152K | $22K | 20x | as long as short |
| Bitget VRTUSDT | 0.0000% | 8h | 251.61 | −0.036% | $513K | $161K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 251.19 | −0.203% | $1K | $358K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 251.60 | −0.040% | $8K | $41K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −0.906% | $9K | $50 | 12x | as long as short |
| OKX VRT-USDT-SWAPlong | +0.0302% | 8h | 251.70 | long leg | $259K | $166K | 20x | |
| Bybit VRTUSDTshort | +0.0404% | 8h | 251.70 | 0.000% | $457K | $126K | 25x | |
| Binance VRTUSDT | +0.0408% | 8h | 251.60 | −0.040% | $1.1M | $1.1M | 25x | as long as short |
| KuCoin VRTUSDTM | +0.0535% | 8h | 251.30 | −0.159% | $109K | $176K | 20x | as long as short |
Gate VRT_USDT
Bitget VRTUSDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
Binance VRTUSDT
KuCoin VRTUSDTM