Funding you earn now, next payment 00:00 UTC+0.0225%/8h= +24.7% APRnext payment +$1.13 per $10,000 · paid last 24h +0.078%
Price spread now: Bybit against OKX−0.050%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$363as in the Funding arb table
Net, price: spread back to 7d avg − costs−$382as in the Price arb table
costs, in and out, $10k−$3723.717% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 7 days+0.103%+$10 · spread now −0.050%, 7d avg +0.053%
=Funding pays, the price is against you. Bybit is 0.103% cheaper against OKX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.053%). If the spread goes back, that is −$10 on $10k: about 37 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.089% in total) that is about 8.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ARX-USDT-SWAP | 0.2015 | 0.0381 | pay 0.0190% / 4h | 25m 52s | $723K | $3.0M | 20x |
| Short | Bybit ARXUSDT | 0.2014 | 0.0606 | get 0.0303% / 4h | 25m 52s | $4.0M | $2.3M | 20x |
OKX ARX-USDT-SWAP
Bybit ARXUSDTFunding 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
- $47.35
- Price spread: −0.050% → +0.053%
- −$10.29
- Slippage, 4 orders
- −$350.66
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$334.6
- Costs to cover
- 3.717%
- Break-even
- 56.5 days
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago | 9.92 bp | 43.7 bp −$44 | 3099.0 bp −$31.0K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 7.43 bp | 127.2 bp −$127 | 1056.8 bp −$10.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ARX_USDT | +0.0100% | 4h | 0.2022 | +0.347% | $1.0M | $412K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2015 | +0.020% | $703K | $711K | 20x | as long as short |
| BloFin ARX-USDT | +0.0286% | 4h | 0.2015 | 0.000% | $237K | $51K | 20x | as long as short |
| MEXC ARX_USDT | +0.0302% | 4h | 0.2015 | 0.000% | $859K | $404K | 20x | as long as short |
| Binance ARXUSDT | +0.0316% | 4h | 0.2012 | −0.130% | $5.5M | $11.1M | 20x | as long as short |
| OKX ARX-USDT-SWAPlong | +0.0381% | 4h | 0.2015 | long leg | $723K | $3.0M | 20x | |
| Bitget ARXUSDT | +0.0424% | 4h | 0.2012 | −0.159% | $1.9M | $1.7M | 20x | as long as short |
| Aster ARXUSDT | +0.0473% | 4h | 0.2016 | +0.045% | $87K | $92K | 10x | as long as short |
| BingX ARX-USDT | +0.0584% | 4h | 0.2013 | −0.099% | — | $1.7M | — | as long as short |
| Bybit ARXUSDTshort | +0.0606% | 4h | 0.2014 | −0.050% | $4.0M | $2.3M | 20x |
Gate ARX_USDT
KuCoin ARXUSDTM
BloFin ARX-USDT
MEXC ARX_USDT
Binance ARXUSDT
Bitget ARXUSDT
Aster ARXUSDT
BingX ARX-USDT