Funding you earn now, next payment 12:00 UTC+0.0350%/8h= +38.3% APRnext payment +$1.75 per $10,000 · paid last 24h −0.027%
Price spread now: Bybit against OKX−0.046%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$738as in the Funding arb table
Net, price: spread back to 7d avg − costs−$742as in the Price arb table
costs, in and out, $10k−$7327.321% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.046%, 7d avg +0.057%
=Funding pays, the price is against you. Bybit is 0.103% cheaper against OKX than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.057%). If the spread goes back, that is −$10 on $10k: about 24 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.058%, 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 -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.75 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 DOS-USDT-SWAP | 0.2177 | 0.0630 | pay 0.0315% / 4h | 3h 01m | $1.2M | $2.0M | 20x |
| Short | Bybit DOSUSDT | 0.2176 | 0.0980 | get 0.0490% / 4h | 3h 01m | $876K | $194K | 20x |
OKX DOS-USDT-SWAP
Bybit DOSUSDTFunding 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
- $73.52
- Price spread: −0.046% → +0.057%
- −$10.34
- Slippage, 4 orders
- −$711.15
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$668.97
- Costs to cover
- 7.321%
- Break-even
- 70.7 days
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 29 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 | 2.30 bp | 30.5 bp −$30 | 199.8 bp −$1,998 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 29 min ago | 9.24 bp | 233.8 bp −$234 | doesn't fit | doesn't fit | doesn't fit |
DOS on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate DOS_USDT | +0.0100% | 4h | 0.2176 | −0.046% | $174K | $282K | 20x | as long as short |
| KuCoin DOSUSDTM | +0.0100% | 4h | 0.2177 | −0.005% | $300K | $930K | 20x | as long as short |
| HTX DOS-USDT | +0.0100% | 4h | 0.2182 | +0.230% | $15K | $374K | 10x | as long as short |
| Bitget DOSUSDT | +0.0320% | 4h | 0.2176 | −0.046% | $234K | $377K | 10x | as long as short |
| BloFin DOS-USDT | +0.0506% | 4h | 0.2179 | +0.092% | $108K | $26K | 20x | as long as short |
| Binance DOSUSDT | +0.0522% | 4h | 0.2176 | −0.058% | $2.1M | $2.7M | 20x | as long as short |
| MEXC DOS_USDT | +0.0522% | 4h | 0.2176 | −0.046% | $509K | $179K | 20x | as long as short |
| OKX DOS-USDT-SWAPlong | +0.0630% | 4h | 0.2177 | long leg | $1.2M | $2.0M | 20x | |
| Aster DOSUSDT | +0.0970% | 4h | 0.2172 | −0.219% | $12K | $14K | 5x | as long as short |
| Bybit DOSUSDTshort | +0.0980% | 4h | 0.2176 | −0.046% | $876K | $194K | 20x |
Gate DOS_USDT
KuCoin DOSUSDTM
HTX DOS-USDT
Bitget DOSUSDT
BloFin DOS-USDT
Binance DOSUSDT
MEXC DOS_USDT
Aster DOSUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX DOS-USDT | +0.1048% | 4h | 0.2178 | +0.046% | — | $1.7M | — | as long as short |
BingX DOS-USDT