Funding you earn now, next payment 04:00 UTC−0.1498%/8h= −164.0% APRnext payment −$7.49 per $10,000 · paid last 24h −0.101%
Price spread now: OKX against Bybit+0.033%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$2252.251% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.033%, 7d avg −0.050%
=The price spread pays, funding is against you. OKX is 0.083% dearer against Bybit than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.050%): +$8 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.169% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.169% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.49 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 EDENUSDT | 0.05987 | 0.1681 | pay 0.0841% / 4h | 2h 15m | $1.6M | $1.2M | 20x |
| Short | OKX EDEN-USDT-SWAP | 0.05989 | 0.0183 | get 0.0092% / 4h | 2h 15m | $686K | $3.3M | 20x |
Bybit EDENUSDT
OKX EDEN-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
- −$314.51
- Price spread: +0.033% → −0.050%
- $8.31
- Slippage, 4 orders
- −$204.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$531.34
- Costs to cover
- 2.251%
- Break-even
- never at this rate
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 | 8.36 bp | 64.0 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.67 bp | 56.9 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
EDEN on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDEN | +0.0096% | 1h | 0.05990 | +0.050% | $26K | $17K | 3x | as long as short |
| Aster EDENUSDT | +0.0100% | 4h | 0.05979 | −0.137% | $63K | $85K | 5x | as long as short |
| Binance EDENUSDT | +0.0100% | 4h | 0.05981 | −0.100% | $3.5M | $9.1M | 20x | as long as short |
| MEXC EDEN_USDT | +0.0100% | 4h | 0.05981 | −0.100% | $509K | $314K | 50x | as long as short |
| SunX EDEN-USDT | +0.0100% | 4h | 0.06110 | +2.054% | $1K | $1.7M | 20x | as long as short |
| OKX EDEN-USDT-SWAPshort | +0.0183% | 4h | 0.05989 | +0.033% | $686K | $3.3M | 20x | |
| Gate EDEN_USDT | +0.0550% | 8h | 0.05990 | +0.050% | $216K | $498K | 20x | as long as short |
| KuCoin EDENUSDTM | +0.0948% | 4h | 0.05992 | +0.084% | $1.3M | $7.5M | 20x | as long as short |
| Bybit EDENUSDTlong | +0.1681% | 4h | 0.05987 | long leg | $1.6M | $1.2M | 20x |
Lighter EDEN
Aster EDENUSDT
Binance EDENUSDT
MEXC EDEN_USDT
SunX EDEN-USDT
Gate EDEN_USDT
KuCoin EDENUSDTM