Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Bybit against OKX−0.036%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1341.339% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.036%, 7d avg −0.061%

Together, before fees+0.003%$0 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: Bybit is 0.024% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ATH-USDT-SWAP	0.005496	0.0100	pay 0.0050% / 4h	47m 24s	$702K	$1.3M	20x
Short	Bybit ATHUSDT	0.005494	0.0100	get 0.0050% / 4h	47m 24s	$4.3M	$2.4M	25x

Funding 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 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 OKXbpFee BybitbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.061%: $2.44
Slippage, 4 orders: −$112.87
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$131.43
Costs to cover: 1.339%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: 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 OKX live order book, 2 min ago	7.31 bp	36.8 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.56 bp	33.2 bp −$33	134.2 bp −$1,342	doesn't fit	doesn't fit

ATH on 13 exchanges

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	−0.2341%	1h	0.005495	−0.023%	$16K	$61K	10x	as long as short
Variational Omni ATH	−0.0337%	4h	0.005477	−0.345%	$184K	$26K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005502	+0.102%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005504	+0.144%	$5K	$40K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005505	+0.170%	$3.2M	$3.8M	50x	as long as short
Bybit ATHUSDTshort	+0.0100%	4h	0.005494	−0.036%	$4.3M	$2.4M	25x
OKX ATH-USDT-SWAPlong	+0.0100%	4h	0.005496	long leg	$702K	$1.3M	20x
Gate ATH_USDT	+0.0100%	4h	0.005497	+0.018%	$783K	$576K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005503	+0.127%	$8.9M	$447K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005491	−0.091%	$546K	$76K	30x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005503	+0.127%	$1.5M	$874K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005500	+0.073%	—	$23.1M	—	as long as short
BloFin ATH-USDT	+0.0106%	4h	0.005488	−0.146%	$161K	$61K	75x	as long as short