Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.153%
Price spread now: Bybit against Injective+0.658%78s7-day average +0.630% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.480%+$48 on $10k
+Price spread, last 3 days (all we have)−0.639%−$64 · spread now +0.658%, 7d avg +0.630%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.028% dearer against Injective than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.630%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective OKB/USDC PERP | 123.18 | 0.0033 | pay 0.0004% / 1h | 47m 59s | $25 | $304K | 5.5x |
| Short | Bybit OKBUSDT | 123.99 | 0.0100 | get 0.0050% / 4h | 2h 47m | $2.6M | $975K | 25x |
Injective OKB/USDC PERP
Bybit OKBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $14
- Price spread: +0.658% → +0.630%
- $2.76
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $5.74
- Costs to cover
- 0.110%
- Break-even
- 4.1 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 2.01 bp | 42.9 bp −$43 | 535.3 bp −$5,353 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
OKB on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OKBUSDT | −0.5834% | 1h | 122.20 | −0.796% | $49K | $25K | 5x | as long as short |
| Injective OKB/USDC PERPlong | +0.0033% | 1h | 123.18 | long leg | $25 | $304K | 5.5x | |
| BingX OKB-USDT | +0.0036% | 4h | 123.94 | +0.617% | — | $2.8M | — | as long as short |
| Bybit OKBUSDTshort | +0.0100% | 4h | 123.99 | +0.658% | $2.6M | $975K | 25x | |
| OKX OKB-USDT-SWAP | +0.0100% | 4h | 123.83 | +0.528% | $30.3M | $46.1M | 20x | as long as short |
| Gate OKB_USDT | +0.0100% | 8h | 123.93 | +0.609% | $1.5M | $664K | 25x | as long as short |
| MEXC OKB_USDT | +0.0100% | 4h | 123.84 | +0.536% | $1.2M | $456K | 25x | as long as short |
| Variational Omni OKB | +0.0100% | 4h | 124.23 | +0.853% | $55K | $39K | — | as long as short |
| HTX OKB-USDT | +0.0100% | 8h | 124.31 | +0.917% | $68K | $293K | 10x | as long as short |
| GMX OKB/USD [ETH-USDC] | L +0.0270% / S −0.0266% | 1h | 123.75 | +0.459% | $3K | — | 100x | as long as short |
Aster OKBUSDT
BingX OKB-USDT
OKX OKB-USDT-SWAP
Gate OKB_USDT
MEXC OKB_USDT
Variational Omni OKB
HTX OKB-USDT
GMX OKB/USD [ETH-USDC]