Funding you earn now, next payment 08:00 UTC−0.0187%/8h= −20.4% APRnext payment −$0.93 per $10,000 · paid last 24h −0.040%
Price spread now: OKX against Bybit−0.074%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1081.080% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now −0.074%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.065% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.93 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 SAHARAUSDT | 0.009406 | 0.0287 | pay 0.0143% / 4h | 9m 18s | $1.9M | $1.4M | 20x |
| Short | OKX SAHARA-USDT-SWAP | 0.009399 | 0.0100 | get 0.0050% / 4h | 9m 18s | $996K | $1.1M | 20x |
Bybit SAHARAUSDT
OKX SAHARA-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
- −$39.19
- Price spread: −0.074% → −0.009%
- −$6.52
- Slippage, 4 orders
- −$87.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$153.73
- Costs to cover
- 1.080%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 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, 2 min ago | 3.72 bp | 24.1 bp −$24 | 147.6 bp −$1,476 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.72 bp | 29.2 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
SAHARA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SAHARAUSDT | +0.0100% | 4h | 0.009400 | −0.064% | $4.5M | $4.8M | 25x | as long as short |
| OKX SAHARA-USDT-SWAPshort | +0.0100% | 4h | 0.009399 | −0.074% | $996K | $1.1M | 20x | |
| Gate SAHARA_USDT | +0.0100% | 8h | 0.009390 | −0.170% | $187K | $62K | 25x | as long as short |
| MEXC SAHARA_USDT | +0.0100% | 4h | 0.009400 | −0.064% | $1.5M | $238K | 20x | as long as short |
| KuCoin SAHARAUSDTM | +0.0100% | 4h | 0.009390 | −0.170% | $277K | $50K | 25x | as long as short |
| GRVT SAHARA_USDT_Perp | +0.0100% | 4h | 0.009402 | −0.040% | $148K | $3.3M | 10x | as long as short |
| ApeX Omni SAHARAUSDT | +0.0100% | 1h | 0.009400 | −0.064% | $20K | $254K | 50x | as long as short |
| Extended SAHARA-USD | +0.0104% | 1h | 0.009397 | −0.091% | $3K | $196K | 5x | as long as short |
| Bybit SAHARAUSDTlong | +0.0287% | 4h | 0.009406 | long leg | $1.9M | $1.4M | 20x | |
| Variational Omni SAHARA | +0.0376% | 4h | 0.009406 | −0.002% | $22K | $12K | — | as long as short |
Binance SAHARAUSDT
Gate SAHARA_USDT
MEXC SAHARA_USDT
KuCoin SAHARAUSDTM
GRVT SAHARA_USDT_Perp
ApeX Omni SAHARAUSDT
Extended SAHARA-USD
Variational Omni SAHARAShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SAHARAUSDT | +0.0637% | 4h | 0.009405 | −0.008% | $62K | $19K | 5x | as long as short |
| BingX SAHARA-USDT | +0.0730% | 4h | 0.009402 | −0.043% | — | $2.3M | — | as long as short |
| Bitget SAHARAUSDT | +0.0734% | 4h | 0.009410 | +0.043% | $1.2M | $374K | 25x | as long as short |
Aster SAHARAUSDT
BingX SAHARA-USDT
Bitget SAHARAUSDT