Funding you earn now, next payment 00:00 UTC+0.0234%/8h= +25.6% APRnext payment +$2.34 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit+0.180%7-day average +0.215% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1211.210% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days−0.084%−$8 · spread now +0.180%, 7d avg +0.215%
=Funding pays, the price is against you. OKX is 0.034% cheaper against Bybit than usual: you would sell low and buy high (spread +0.180% now, against its 7-day average of +0.215%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.34 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 COREUSDT | 0.02220 | −0.0134 | get 0.0134% / 8h | 25m 08s | $1.4M | $864K | 20x |
| Short | OKX CORE-USDT-SWAP | 0.02224 | 0.0100 | get 0.0100% / 8h | 25m 08s | $1.8M | $4.3M | 20x |
Bybit COREUSDT
OKX CORE-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
- $49.19
- Price spread: +0.180% → +0.215%
- −$3.43
- Slippage, 4 orders
- −$100.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$75.26
- Costs to cover
- 1.210%
- Break-even
- 17.7 days
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 | 6.76 bp | 35.2 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.25 bp | 25.0 bp −$25 | 316.5 bp −$3,165 | doesn't fit | doesn't fit |
CORE on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CORE | −0.0307% | 8h | 0.02213 | −0.304% | $8K | $886 | — | as long as short |
| Bybit COREUSDTlong | −0.0134% | 8h | 0.02220 | long leg | $1.4M | $864K | 20x | |
| OKX CORE-USDT-SWAPshort | +0.0100% | 8h | 0.02224 | +0.180% | $1.8M | $4.3M | 20x | |
| Gate CORE_USDT | +0.0100% | 8h | 0.02220 | 0.000% | $171K | $168K | 25x | as long as short |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02224 | +0.180% | $884K | $208K | 100x | as long as short |
| BingX CORE-USDT | +0.0151% | 8h | 0.02225 | +0.225% | — | $1.3M | — | as long as short |
Variational Omni CORE
Gate CORE_USDT
MEXC CORE_USDT
BingX CORE-USDT