Funding you earn now, next payment 08:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.045%
Price spread now: OKX against Bybit+0.046%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$405as in the Funding arb table
Net, price: spread back to 7d avg − costs−$385as in the Price arb table
costs, in and out, $10k−$3953.950% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 7 days−0.004%$0 · spread now +0.046%, 7d avg −0.053%
=The price spread pays, funding is against you. OKX is 0.100% dearer against Bybit than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.053%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARXUSDT | 0.2154 | 0.0181 | pay 0.0091% / 4h | 1h 49m | $4.3M | $2.6M | 20x |
| Short | OKX ARX-USDT-SWAP | 0.2155 | 0.0100 | get 0.0050% / 4h | 1h 49m | $751K | $3.5M | 20x |
Bybit ARXUSDT
OKX ARX-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
- −$17.04
- Price spread: +0.046% → −0.053%
- $9.96
- Slippage, 4 orders
- −$373.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$402.07
- Costs to cover
- 3.950%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 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, 3 min ago | 6.97 bp | 138.3 bp −$138 | 1915.7 bp −$19.2K | 72186.3 bp −$7.22M | doesn't fit |
| Sell OKX live order book, 3 min ago | 7.01 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
ARX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ARX-USDT-SWAPshort | +0.0100% | 4h | 0.2155 | +0.046% | $751K | $3.5M | 20x | |
| Gate ARX_USDT | +0.0100% | 4h | 0.2161 | +0.325% | $1.1M | $450K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2152 | −0.093% | $752K | $849K | 20x | as long as short |
| Bitget ARXUSDT | +0.0100% | 4h | 0.2155 | +0.037% | $2.1M | $1.8M | 20x | as long as short |
| BingX ARX-USDT | +0.0100% | 4h | 0.2155 | +0.046% | — | $1.7M | — | as long as short |
| Binance ARXUSDT | +0.0122% | 4h | 0.2155 | +0.046% | $5.7M | $11.9M | 20x | as long as short |
| MEXC ARX_USDT | +0.0124% | 4h | 0.2152 | −0.093% | $904K | $431K | 20x | as long as short |
| BloFin ARX-USDT | +0.0135% | 4h | 0.2134 | −0.929% | $245K | $43K | 20x | as long as short |
| Bybit ARXUSDTlong | +0.0181% | 4h | 0.2154 | long leg | $4.3M | $2.6M | 20x | |
| Aster ARXUSDT | +0.0385% | 4h | 0.2149 | −0.212% | $82K | $100K | 10x | as long as short |
Gate ARX_USDT
KuCoin ARXUSDTM
Bitget ARXUSDT
BingX ARX-USDT
Binance ARXUSDT
MEXC ARX_USDT
BloFin ARX-USDT
Aster ARXUSDT