Funding you earn now, next payment 04:00 UTC−0.0257%/8h= −28.1% APRnext payment −$1.29 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against OKX+0.009%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1201.202% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days+0.004%$0 · spread now +0.009%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.29 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 | OKX CC-USDT-SWAP | 0.1168 | 0.0100 | pay 0.0050% / 4h | 42m 22s | $2.5M | $3.4M | 20x |
| Short | Bybit CCUSDT | 0.1168 | −0.0157 | pay 0.0079% / 4h | 42m 22s | $10.6M | $3.9M | 25x |
OKX CC-USDT-SWAP
Bybit CCUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$53.98
- Price spread: +0.009% → +0.003%
- $0.51
- Slippage, 4 orders
- −$99.18
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$173.65
- Costs to cover
- 1.202%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago | 2.15 bp | 27.1 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.14 bp | 34.1 bp −$34 | 260.3 bp −$2,603 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3024% | 1h | 0.1180 | +1.010% | $402 | $3K | 5.5x | as long as short |
| Bybit CCUSDTshort | −0.0157% | 4h | 0.1168 | +0.009% | $10.6M | $3.9M | 25x | |
| MEXC CC_USDT | −0.0146% | 4h | 0.1168 | −0.051% | $1.7M | $324K | 100x | as long as short |
| Paradex CC-USD-PERP | +0.0097% | 8h | 0.1168 | +0.006% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1170 | +0.171% | $5.5M | $1.4M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1169 | +0.103% | $35K | $32K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1167 | −0.086% | $11.0M | $12.1M | 75x | as long as short |
| OKX CC-USDT-SWAPlong | +0.0100% | 4h | 0.1168 | long leg | $2.5M | $3.4M | 20x | |
| Gate CC_USDT | +0.0100% | 4h | 0.1168 | −0.051% | $362K | $216K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1169 | +0.077% | $482K | $122K | 50x | as long as short |
Injective CC/USDC PERP
MEXC CC_USDT
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 | 0.1168 | −0.026% | $912K | $775K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1168 | −0.034% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1168 | −0.043% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1163 | −0.425% | $592K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1165 | −0.311% | $89K | $2.4M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1167 | −0.103% | $6K | $35K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1164 | −0.360% | $594K | $98K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0448% / S −0.0241% | 1h | 0.1169 | +0.053% | $44K | — | 50x | as long as short |
| Lighter CC | +0.0800% | 1h | 0.1174 | +0.462% | $243K | $160K | 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