Funding you earn now, next payment 08:00 UTC−0.0262%/8h= −28.7% APRnext payment −$2.62 per $10,000 · paid last 24h −0.071%
Price spread now: Bybit against OKX+0.029%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1531.525% of the position
Funding, last 7 days−0.479%−$48 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.029%, 7d avg +0.109%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.080% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.109%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XIAOMI-USDT-SWAP | 3.4800 | 0.0262 | pay 0.0262% / 8h | 22m 40s | $3.6M | $3.5M | 20x |
| Short | Bybit XIAOMIUSDT | 3.4810 | 0 | get 0.0000% / 8h | 22m 40s | $283K | $95K | 25x |
OKX XIAOMI-USDT-SWAP
Bybit XIAOMIUSDTFunding 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
- −$54.99
- Price spread: +0.029% → +0.109%
- −$8.03
- Slippage, 4 orders
- −$131.51
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$215.53
- Costs to cover
- 1.525%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 7 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, 5 min ago | 1.44 bp | 16.5 bp −$17 | 236.1 bp −$2,361 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 5.74 bp | 74.7 bp −$75 | doesn't fit | 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 | 3.5353 | +1.589% | $84K | $2K | 5x | as long as short |
| Bybit XIAOMIUSDTshort | 0.0000% | 8h | 3.4810 | +0.029% | $283K | $95K | 25x | |
| Gate XIAOMI_USDT | 0.0000% | 8h | 3.4840 | +0.115% | $1.0M | $380K | 25x | as long as short |
| Lighter XIAOMI | +0.0064% | 1h | 3.4837 | +0.106% | $11K | $7K | 10x | as long as short |
| Bitget XIAOMIUSDT | +0.0258% | 8h | 3.4783 | −0.049% | $913K | $404K | 5x | as long as short |
| OKX XIAOMI-USDT-SWAPlong | +0.0262% | 8h | 3.4800 | long leg | $3.6M | $3.5M | 20x | |
| edgeX XIAOMIUSDC | +0.0295% | 4h | 3.4814 | +0.042% | $152K | $250K | 10x | as long as short |
Aster XIAOMIUSDT
Gate XIAOMI_USDT
Lighter XIAOMI
Bitget XIAOMIUSDT
edgeX XIAOMIUSDC