Funding you earn now, next payment 04:00 UTC+0.0353%/8h= +38.6% APRnext payment +$1.76 per $10,000 · paid last 24h +0.017%
Price spread now: Bybit against OKX−0.107%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1061.057% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days+0.118%+$12 · spread now −0.107%, 7d avg +0.011%
=Funding pays, the price is against you. Bybit is 0.118% cheaper against OKX than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of +0.011%). If the spread goes back, that is −$12 on $10k: about 27 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.019% in total) that is about 43 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.76 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 SAHARA-USDT-SWAP | 0.009368 | 0.0360 | pay 0.0180% / 4h | 1h 04m | $974K | $1.1M | 20x |
| Short | Bybit SAHARAUSDT | 0.009358 | 0.0713 | get 0.0356% / 4h | 1h 04m | $1.9M | $1.3M | 20x |
OKX SAHARA-USDT-SWAP
Bybit SAHARAUSDTFunding 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
- $74.07
- Price spread: −0.107% → +0.011%
- −$11.81
- Slippage, 4 orders
- −$84.73
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$43.48
- Costs to cover
- 1.057%
- Break-even
- 11.1 days
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 3 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 | 2.67 bp | 26.9 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.80 bp | 21.4 bp −$21 | 136.6 bp −$1,366 | 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 | 0.009352 | −0.170% | $4.4M | $4.9M | 25x | as long as short |
| Gate SAHARA_USDT | +0.0100% | 8h | 0.009350 | −0.192% | $192K | $57K | 25x | as long as short |
| MEXC SAHARA_USDT | +0.0100% | 4h | 0.009351 | −0.181% | $1.4M | $237K | 20x | as long as short |
| KuCoin SAHARAUSDTM | +0.0100% | 4h | 0.009350 | −0.192% | $274K | $53K | 25x | as long as short |
| GRVT SAHARA_USDT_Perp | +0.0100% | 4h | 0.009392 | +0.261% | $143K | $2.6M | 10x | as long as short |
| ApeX Omni SAHARAUSDT | +0.0100% | 1h | 0.009380 | +0.128% | $19K | $255K | 50x | as long as short |
| Extended SAHARA-USD | +0.0104% | 1h | 0.009350 | −0.189% | $1K | $215K | 5x | as long as short |
| OKX SAHARA-USDT-SWAPlong | +0.0360% | 4h | 0.009368 | long leg | $974K | $1.1M | 20x | |
| Aster SAHARAUSDT | +0.0563% | 4h | 0.009338 | −0.321% | $61K | $19K | 5x | as long as short |
| Bitget SAHARAUSDT | +0.0650% | 4h | 0.009368 | 0.000% | $1.2M | $396K | 25x | as long as short |
Binance SAHARAUSDT
Gate SAHARA_USDT
MEXC SAHARA_USDT
KuCoin SAHARAUSDTM
GRVT SAHARA_USDT_Perp
ApeX Omni SAHARAUSDT
Extended SAHARA-USD
Aster SAHARAUSDT
Bitget SAHARAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SAHARAUSDTshort | +0.0713% | 4h | 0.009358 | −0.107% | $1.9M | $1.3M | 20x | |
| BingX SAHARA-USDT | +0.0736% | 4h | 0.009350 | −0.192% | — | $2.3M | — | as long as short |
| Variational Omni SAHARA | +0.0750% | 4h | 0.009364 | −0.046% | $22K | $12K | — | as long as short |
BingX SAHARA-USDT
Variational Omni SAHARA