Funding you earn now, next payment 08:00 UTC+0.0570%/8h= +62.4% APRnext payment +$2.85 per $10,000 · paid last 24h +0.016%
Price spread now: OKX against Bybit+0.068%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1261.257% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 7 days−0.065%−$6 · spread now +0.068%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and OKX is 0.071% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.85 per $10,000. 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 CCUSDT | 0.1175 | −0.0470 | get 0.0235% / 4h | 2h 29m | $10.8M | $3.8M | 25x |
| Short | OKX CC-USDT-SWAP | 0.1176 | 0.0100 | get 0.0050% / 4h | 2h 29m | $2.6M | $3.1M | 20x |
Bybit CCUSDT
OKX CC-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
- $119.73
- Price spread: +0.068% → −0.002%
- $7.06
- Slippage, 4 orders
- −$104.71
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $1.08
- Costs to cover
- 1.257%
- Break-even
- 6.9 days
Slippage from Bybit: live order book, 4 min ago; OKX: 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 Bybit live order book, 4 min ago | 5.11 bp | 34.7 bp −$35 | 477.4 bp −$4,774 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.56 bp | 25.9 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC CC_USDT | −0.0472% | 4h | 0.1174 | −0.034% | $1.8M | $333K | 100x | as long as short |
| Bybit CCUSDTlong | −0.0470% | 4h | 0.1175 | long leg | $10.8M | $3.8M | 25x | |
| Injective CC/USDC PERP | +0.0033% | 1h | 0.1180 | +0.434% | $402 | $3K | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0084% | 8h | 0.1173 | −0.162% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1177 | +0.187% | $5.5M | $1.3M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1175 | −0.006% | $35K | $32K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1175 | −0.009% | $11.1M | $11.8M | 75x | as long as short |
| OKX CC-USDT-SWAPshort | +0.0100% | 4h | 0.1176 | +0.068% | $2.6M | $3.1M | 20x | |
| Gate CC_USDT | +0.0100% | 4h | 0.1174 | −0.094% | $364K | $206K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1175 | −0.009% | $484K | $104K | 50x | as long as short |
MEXC CC_USDT
Injective CC/USDC PERP
Paradex CC-USD-PERP
Hyperliquid CC
Aster CCUSDT
Binance CCUSDT
Gate CC_USDT
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1175 | +0.026% | $919K | $769K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1175 | −0.026% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1173 | −0.128% | $15K | $23K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1173 | −0.164% | $598K | $56K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1174 | −0.104% | $83K | $2.7M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1174 | −0.100% | $6K | $33K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1172 | −0.247% | $595K | $98K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0450% / S −0.0241% | 1h | 0.1176 | +0.060% | $44K | — | 50x | as long as short |
| Lighter CC | +0.0680% | 1h | 0.1179 | +0.383% | $252K | $170K | 5x | as long as short |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC