Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit0.000%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$305as in the Funding arb table

Net, price: spread back to 7d avg − costs−$312as in the Price arb table

costs, in and out, $10k−$3063.056% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+0.040%+$4 · spread now 0.000%, 7d avg +0.065%

Together, before fees+0.051%+$5 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 0.065% 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 +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06767	0.0100	pay 0.0050% / 4h	2h 20m	$2.1M	$576K	25x
Short	OKX BASED-USDT-SWAP	0.06767	0.0100	get 0.0050% / 4h	2h 20m	$2.6M	$3.4M	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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.065%: −$6.51
Slippage, 4 orders: −$284.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$312.08
Costs to cover: 3.056%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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, 1 min ago	5.92 bp	146.8 bp −$147	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.74 bp	18.7 bp −$19	101.3 bp −$1,013	doesn't fit	doesn't fit

BASED on 15 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
Binance BASEDUSDT	+0.0100%	4h	0.06774	+0.103%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06767	long leg	$2.1M	$576K	25x
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06767	0.000%	$2.6M	$3.4M	20x
Gate BASED_USDT	+0.0100%	4h	0.06772	+0.074%	$539K	$519K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06774	+0.103%	$4.8M	$656K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06770	+0.044%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06782	+0.222%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06773	+0.089%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06752	−0.225%	$92K	$22K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06776	+0.130%	$93K	$372K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06768	+0.015%	$1K	$797K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06773	+0.090%	$5K	$226K	5x	as long as short
BloFin BASED-USDT	+0.0105%	4h	0.06779	+0.177%	$251K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0175%	4h	0.06772	+0.071%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0307%	4h	0.06774	+0.103%	$3K	$652	10x	as long as short