Funding you earn now, next payment 04:00 UTC−0.0379%/8h= −41.5% APRpaid last 24h −0.014%
Price spread now: OKX against Bybit−0.044%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1181.177% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now −0.044%, 7d avg −0.085%
=The price spread pays, funding is against you. OKX is 0.041% dearer against Bybit than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.085%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.149% in total) that is about 46 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.7% a year). A funding rate is set anew for every payment. 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 | Bybit BICOUSDT | 0.02255 | 0.0479 | pay 0.0479% / 8h | 5h 29m | $2.4M | $3.8M | 20x |
| Short | OKX BICO-USDT-SWAP | 0.02254 | 0.0100 | get 0.0050% / 4h | 1h 29m | $1.9M | $5.2M | 20x |
Bybit BICOUSDT
OKX BICO-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
- −$79.55
- Price spread: −0.044% → −0.085%
- $4.1
- Slippage, 4 orders
- −$96.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$193.19
- Costs to cover
- 1.177%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 4 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 | 3.99 bp | 39.6 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.21 bp | 24.4 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
BICO on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02258 | +0.145% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02254 | −0.047% | $4.1M | $8.5M | 20x | as long as short |
| OKX BICO-USDT-SWAPshort | +0.0100% | 4h | 0.02254 | −0.044% | $1.9M | $5.2M | 20x | |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02253 | −0.089% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02254 | −0.044% | $640K | $498K | 10x | as long as short |
| Variational Omni BICO | +0.0323% | 8h | 0.02256 | +0.064% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0406% | 8h | 0.02260 | +0.222% | $1.1M | $1.3M | 20x | as long as short |
| BingX BICO-USDT | +0.0455% | 8h | 0.02255 | 0.000% | — | $1.7M | — | as long as short |
| Bybit BICOUSDTlong | +0.0479% | 8h | 0.02255 | long leg | $2.4M | $3.8M | 20x | |
| Gate BICO_USDT | +0.0500% | 8h | 0.02256 | +0.044% | $381K | $339K | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
MEXC BICO_USDT
Bitget BICOUSDT
Variational Omni BICO
KuCoin BICOUSDTM
BingX BICO-USDT
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.7132% | 1h | 0.02269 | +0.612% | $37K | $56K | 20x | as long as short |
Kraken Futures PF_BICOUSD