Funding you earn now, next payment 00:00 UTC−0.0270%/8h= −29.6% APRnext payment −$2.70 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX−0.179%7-day average −0.214% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1231.233% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now −0.179%, 7d avg −0.214%
=The price spread pays, funding is against you. Bybit is 0.035% dearer against OKX than usual: you sell high and buy low (spread −0.179% now, against its 7-day average of −0.214%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours.
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 −$2.70 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 CORE-USDT-SWAP | 0.02237 | 0.0100 | pay 0.0100% / 8h | 2h 21m | $1.8M | $4.2M | 20x |
| Short | Bybit COREUSDT | 0.02233 | −0.0170 | pay 0.0170% / 8h | 2h 21m | $1.4M | $827K | 20x |
OKX CORE-USDT-SWAP
Bybit COREUSDTFunding 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
- −$56.74
- Price spread: −0.179% → −0.214%
- $3.48
- Slippage, 4 orders
- −$102.28
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$176.54
- Costs to cover
- 1.233%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: 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 OKX live order book, 1 min ago | 4.47 bp | 24.6 bp −$25 | 232.5 bp −$2,325 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.48 bp | 36.9 bp −$37 | 275.2 bp −$2,752 | 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 | −0.0369% | 8h | 0.02231 | −0.249% | $8K | $872 | — | as long as short |
| Bybit COREUSDTshort | −0.0170% | 8h | 0.02233 | −0.179% | $1.4M | $827K | 20x | |
| OKX CORE-USDT-SWAPlong | +0.0100% | 8h | 0.02237 | long leg | $1.8M | $4.2M | 20x | |
| Gate CORE_USDT | +0.0100% | 8h | 0.02231 | −0.268% | $170K | $167K | 25x | as long as short |
| MEXC CORE_USDT | +0.0151% | 8h | 0.02235 | −0.089% | $881K | $208K | 100x | as long as short |
| BingX CORE-USDT | +0.0151% | 8h | 0.02235 | −0.089% | — | $1.3M | — | as long as short |
Variational Omni CORE
Gate CORE_USDT
MEXC CORE_USDT
BingX CORE-USDT