Funding you earn now, next payment 08:00 UTC+0.0637%/8h= +69.7% APRnext payment +$6.37 per $10,000 · paid last 24h +0.071%
Price spread now: OKX against Bybit−0.199%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1371.374% of the position
Funding, last 7 days+0.479%+$48 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.199%, 7d avg −0.111%
=Funding pays, the price is against you. OKX is 0.088% cheaper against Bybit than usual: you would sell low and buy high (spread −0.199% now, against its 7-day average of −0.111%). If the spread goes back, that is −$9 on $10k: about 11 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.479% in total) that is about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XIAOMIUSDT | 3.5240 | 0 | get 0.0000% / 8h | 3h 24m | $286K | $98K | 25x |
| Short | OKX XIAOMI-USDT-SWAP | 3.5170 | 0.0637 | get 0.0637% / 8h | 3h 24m | $3.7M | $3.8M | 20x |
Bybit XIAOMIUSDT
OKX XIAOMI-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
- $133.71
- Price spread: −0.199% → −0.111%
- −$8.78
- Slippage, 4 orders
- −$116.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$12.44
- Costs to cover
- 1.374%
- Break-even
- 7.7 days
Slippage from Bybit: live order book, 20 min ago; OKX: live order book, 3 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, 20 min ago | 5.68 bp | 35.2 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.42 bp | 18.4 bp −$18 | 139.7 bp −$1,397 | doesn't fit | doesn't fit |
XIAOMI on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster XIAOMIUSDT | 0.0000% | 8h | 3.5440 | +0.566% | $84K | $2K | 5x | as long as short |
| Bybit XIAOMIUSDTlong | 0.0000% | 8h | 3.5240 | long leg | $286K | $98K | 25x | |
| Gate XIAOMI_USDT | 0.0000% | 8h | 3.5270 | +0.085% | $1.0M | $514K | 25x | as long as short |
| Lighter XIAOMI | +0.0032% | 1h | 3.5269 | +0.082% | $11K | $7K | 10x | as long as short |
| edgeX XIAOMIUSDC | +0.0175% | 4h | 3.5211 | −0.081% | $153K | $250K | 10x | as long as short |
| Bitget XIAOMIUSDT | +0.0254% | 8h | 3.5212 | −0.079% | $902K | $346K | 5x | as long as short |
| OKX XIAOMI-USDT-SWAPshort | +0.0637% | 8h | 3.5170 | −0.199% | $3.7M | $3.8M | 20x |
Aster XIAOMIUSDT
Gate XIAOMI_USDT
Lighter XIAOMI
edgeX XIAOMIUSDC
Bitget XIAOMIUSDT