Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.046%

Price spread now: OKX against Bybit−0.047%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$970.975% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.139%+$14 · spread now −0.047%, 7d avg +0.027%

Together, before fees+0.186%+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.074% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.2780	0.0100	pay 0.0100% / 8h	17m 34s	$4.4M	$8.5M	75x
Short	OKX AR-USDT-SWAP	4.2760	0.0100	get 0.0100% / 8h	17m 34s	$2.2M	$15.1M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.027%: −$7.37
Slippage, 4 orders: −$76.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$104.84
Costs to cover: 0.975%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 1 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, 5 min ago	1.17 bp	27.9 bp −$28	137.5 bp −$1,375	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.17 bp	20.0 bp −$20	129.6 bp −$1,296	doesn't fit	doesn't fit

AR on 17 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
Kraken Futures PF_ARUSD	−0.1518%	1h	4.2750	−0.070%	$53K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.2774	−0.015%	$549K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.413%	$2K	$5K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.2792	+0.028%	$32K	$283K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2811	+0.072%	$8.5M	$46.1M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.2780	long leg	$4.4M	$8.5M	75x
OKX AR-USDT-SWAPshort	+0.0100%	8h	4.2760	−0.047%	$2.2M	$15.1M	20x
Gate AR_USDT	+0.0100%	8h	4.2770	−0.023%	$2.0M	$3.2M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2810	+0.070%	$5.9M	$4.0M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.2780	0.000%	$1.1M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.2800	+0.047%	$3.7M	$5.0M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2780	0.000%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2638	−0.333%	$245K	$514K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2720	−0.140%	$20K	$710K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2802	+0.052%	$39K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2860	+0.187%	$414K	$445K	20x	as long as short
Hyperliquid AR	+0.0373%	1h	4.2893	+0.264%	$3.9M	$4.6M	5x	as long as short