Funding you earn now, next payment 00:00 UTC−0.0091%/8h= −9.9% APRnext payment −$0.45 per $10,000 · paid last 24h +0.013%
Price spread now: OKX against Bybit−0.114%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1471.469% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.114%, 7d avg −0.073%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.040% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CASHCATUSDT | 0.1759 | 0.0191 | pay 0.0095% / 4h | 35m 59s | $13.2M | $18.1M | 10x |
| Short | OKX CASHCAT-USDT-SWAP | 0.1757 | 0.0100 | get 0.0050% / 4h | 35m 59s | $1.1M | $10.5M | 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.08
- Price spread: −0.114% → −0.073%
- −$4.03
- Slippage, 4 orders
- −$125.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$169.97
- Costs to cover
- 1.469%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 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, 2 min ago | 2.56 bp | 46.1 bp −$46 | 114.6 bp −$1,146 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 5.69 bp | 24.5 bp −$24 | 72.7 bp −$727 | doesn't fit | doesn't fit |
CASHCAT on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1756 | −0.145% | $49.6M | $18.4M | 3x | as long as short |
| OKX CASHCAT-USDT-SWAPshort | +0.0100% | 4h | 0.1757 | −0.114% | $1.1M | $10.5M | 20x | |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1754 | −0.273% | $1.5M | $1.9M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1759 | −0.023% | $594K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1757 | −0.094% | $1.5M | $1.6M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1758 | −0.063% | $79K | $72K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1756 | −0.154% | — | $2.6M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1756 | −0.165% | $527 | $1K | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1754 | −0.270% | $19K | $393K | 10x | as long as short |
| MEXC CASHCAT_USDT | +0.0186% | 4h | 0.1759 | +0.028% | $8.7M | $465K | 20x | as long as short |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CASHCATUSDTlong | +0.0191% | 4h | 0.1759 | long leg | $13.2M | $18.1M | 10x | |
| BingX CASHCAT-USDT | +0.0266% | 4h | 0.1757 | −0.114% | — | $1.0M | — | as long as short |
| Nado CASHCAT-PERP | +0.0290% | 1h | 0.1754 | −0.256% | $248K | $155K | 5x | as long as short |
| edgeX CASHCATUSDC | +0.0300% | 4h | 0.1760 | +0.082% | $53K | $171K | 5x | as long as short |
| BloFin CASHCAT-USDT | +0.0340% | 4h | 0.1756 | −0.171% | $50K | $496K | 20x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0368% | 1h | 0.1757 | −0.119% | $66K | $1.2M | 3x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1756 | −0.150% | $102K | $469K | 5x | as long as short |
| Lighter RH CASHCAT | +0.1064% | 1h | 0.1758 | −0.034% | $336K | $822K | 3x | as long as short |
| Arcus CASHCAT-USD | +0.1786% | 1h | 0.1757 | −0.127% | $121K | $216K | 5x | as long as short |
| Lighter CASHCAT | +0.1888% | 1h | 0.1759 | −0.006% | $1.3M | $1.9M | 3x | as long as short |
| Aster CASHCATUSDT | +0.2962% | 1h | 0.1757 | −0.131% | $576K | $1.1M | 10x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1851 | +5.230% | $12K | $9K | 5.5x | as long as short |
Bybit CASHCATUSDT
OKX CASHCAT-USDT-SWAP
Hyperliquid CASHCAT
Gate CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USD
HTX CASHCAT-USDT
MEXC CASHCAT_USDT
BingX CASHCAT-USDT
edgeX CASHCATUSDC
BloFin CASHCAT-USDT
Polymarket Perps CASHCAT-USD
Extended CASHCAT-USD
Lighter RH CASHCAT
Lighter CASHCAT
Aster CASHCATUSDT
Injective CASHCAT/USDC PERP