Funding you earn now, next payment 04:00 UTC−0.0314%/8h= −34.4% APRnext payment −$1.57 per $10,000 · paid last 24h −0.038%
Price spread now: Bybit against OKX−0.267%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$272as in the Funding arb table
Net, price: spread back to 7d avg − costs−$276as in the Price arb table
costs, in and out, $10k−$2632.630% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now −0.267%, 7d avg −0.135%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.132% cheaper against OKX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.135%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.57 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 EDGE-USDT-SWAP | 0.5992 | 0.0414 | pay 0.0207% / 4h | 21m 07s | $3.8M | $5.9M | 20x |
| Short | Bybit EDGEUSDT | 0.5976 | 0.0100 | get 0.0050% / 4h | 21m 07s | $7.2M | $3.4M | 25x |
OKX EDGE-USDT-SWAP
Bybit EDGEUSDTFunding 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
- −$66.04
- Price spread: −0.267% → −0.135%
- −$13.18
- Slippage, 4 orders
- −$241.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$342.18
- Costs to cover
- 2.630%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bybit: 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 OKX live order book, 2 min ago | 5.01 bp | 27.3 bp −$27 | 138.1 bp −$1,381 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.67 bp | 102.6 bp −$103 | 337.0 bp −$3,370 | doesn't fit | doesn't fit |
EDGE on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack EDGE_USDC_PERP | −0.0093% | 1h | 0.5984 | −0.134% | $58K | $111K | 3.3x | as long as short |
| Lighter EDGE | +0.0096% | 1h | 0.5973 | −0.312% | $44K | $19K | 3x | as long as short |
| Bybit EDGEUSDTshort | +0.0100% | 4h | 0.5976 | −0.267% | $7.2M | $3.4M | 25x | |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5980 | −0.200% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5979 | −0.217% | $4.8M | $1.1M | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5971 | −0.352% | $189K | $136K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5979 | −0.217% | $2K | $2.3M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6017 | +0.417% | $9K | $304K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5937 | −0.918% | $3K | $625K | 10x | as long as short |
| BloFin EDGE-USDT | +0.0414% | 4h | 0.5980 | −0.200% | $659K | $103K | 50x | as long as short |
Backpack EDGE_USDC_PERP
Lighter EDGE
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
BloFin EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX EDGE-USDT-SWAPlong | +0.0414% | 4h | 0.5992 | long leg | $3.8M | $5.9M | 20x | |
| edgeX EDGEUSDC | +0.0437% | 4h | 0.5986 | −0.097% | $14.3M | $3.6M | 30x | as long as short |
| Extended EDGE-USD | +0.0440% | 1h | 0.5977 | −0.252% | $27K | $193K | 5x | as long as short |
| Binance EDGEUSDT | +0.0443% | 4h | 0.5982 | −0.159% | $10.3M | $10.5M | 50x | as long as short |
| MEXC EDGE_USDT | +0.0450% | 4h | 0.5981 | −0.184% | $1.1M | $895K | 50x | as long as short |
| Aster EDGEUSDT | +0.0490% | 4h | 0.5978 | −0.230% | $60K | $150K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0579% | 4h | 0.5979 | −0.217% | $3K | — | 10x | as long as short |
edgeX EDGEUSDC
Extended EDGE-USD
Binance EDGEUSDT
MEXC EDGE_USDT
Aster EDGEUSDT
Orderly PERP_EDGE_USDC