Funding arb · Price arb /

ATH

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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 +0.012%

Price spread now: OKX against Bybit+0.128%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1501.503% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.075%−$7 · spread now +0.128%, 7d avg +0.062%

Together, before fees−0.062%−$6 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 0.066% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATHUSDT	0.005461	0.0100	pay 0.0050% / 4h	59m 26s	$4.3M	$2.7M	25x
Short	OKX ATH-USDT-SWAP	0.005468	0.0100	get 0.0050% / 4h	59m 26s	$703K	$1.3M	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 +0.128%Rate

Funding earned: $0
Price spread: +0.128% → +0.062%: $6.57
Slippage, 4 orders: −$129.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$143.72
Costs to cover: 1.503%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: 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 Bybit live order book, 3 min ago	4.57 bp	35.2 bp −$35	162.2 bp −$1,622	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.57 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.2389%	1h	0.005475	+0.262%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0105%	4h	0.005461	+0.001%	$183K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005483	+0.401%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005475	+0.247%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005475	+0.255%	$3.2M	$4.3M	50x	as long as short
Bybit ATHUSDTlong	+0.0100%	4h	0.005461	long leg	$4.3M	$2.7M	25x
OKX ATH-USDT-SWAPshort	+0.0100%	4h	0.005468	+0.128%	$703K	$1.3M	20x
Gate ATH_USDT	+0.0100%	4h	0.005464	+0.055%	$781K	$609K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005476	+0.275%	$8.9M	$673K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005468	+0.128%	$550K	$80K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005475	+0.256%	$1.5M	$907K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005468	+0.128%	—	$21.3M	—	as long as short
BloFin ATH-USDT	+0.0106%	4h	0.005480	+0.348%	$163K	$70K	75x	as long as short