Funding you earn now, next payment 08:00 UTC+0.1843%/8h= +201.8% APRnext payment +$9.22 per $10,000 · paid last 24h −0.069%
Price spread now: Bybit against OKX−0.071%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1431.427% of the position
Funding, last 7 days−0.409%−$41 on $10k
+Price spread, last 7 days−0.124%−$12 · spread now −0.071%, 7d avg −0.066%
=The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: +$55 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.409%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.409% in total (about -21.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.22 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 CP-USDT-SWAP | 0.01406 | 0.0100 | pay 0.0050% / 4h | 1h 02m | $3.9M | $12.0M | 20x |
| Short | Bybit CPUSDT | 0.01405 | 0.1943 | get 0.0972% / 4h | 1h 02m | $1.7M | $3.2M | 20x |
OKX CP-USDT-SWAP
Bybit CPUSDTFunding 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
- $387.11
- Price spread: −0.071% → −0.066%
- −$0.51
- Slippage, 4 orders
- −$121.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $243.94
- Costs to cover
- 1.427%
- Break-even
- 2.6 days
Slippage from OKX: live order book, 6 min ago; Bybit: live order book, 5 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, 6 min ago | 3.56 bp | 18.1 bp −$18 | 128.4 bp −$1,284 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 7.11 bp | 55.0 bp −$55 | 382.4 bp −$3,824 | doesn't fit | doesn't fit |
CP on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX CP-USDT | +0.0070% | 4h | 0.01404 | −0.142% | — | $1.1M | — | as long as short |
| BloFin CP-USDT | +0.0079% | 4h | 0.01402 | −0.284% | $426 | $43K | 20x | as long as short |
| OKX CP-USDT-SWAPlong | +0.0100% | 4h | 0.01406 | long leg | $3.9M | $12.0M | 20x | |
| Gate CP_USDT | +0.0100% | 4h | 0.01402 | −0.284% | $597K | $554K | 20x | as long as short |
| MEXC CP_USDT | +0.0100% | 4h | 0.01405 | −0.071% | $1.5M | $403K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01408 | +0.142% | $206K | $915K | 20x | as long as short |
| Bitget CPUSDT | +0.0100% | 4h | 0.01405 | −0.036% | $794K | $1.8M | 20x | as long as short |
| Bybit CPUSDTshort | +0.1943% | 4h | 0.01405 | −0.071% | $1.7M | $3.2M | 20x |
BingX CP-USDT
BloFin CP-USDT
Gate CP_USDT
MEXC CP_USDT
KuCoin CPUSDTM
Bitget CPUSDT