Funding arb · Price arb /

SIGN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.131%7-day average −0.179% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1841.838% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)−0.221%−$22 · spread now −0.131%, 7d avg −0.179%

Together, before fees−0.333%−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.048% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SIGN-USDT-SWAP	0.01218	0.0100	pay 0.0050% / 4h	3h 26m	$662K	$324K	20x
Short	Bybit SIGNUSDT	0.01216	0.0100	get 0.0050% / 4h	3h 26m	$2.2M	$421K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BybitbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → −0.179%: $4.78
Slippage, 4 orders: −$162.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$179.03
Costs to cover: 1.838%
Break-even: never at this rate

Slippage from OKX: live order book, 44 min ago; Bybit: live order book, just now.

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, 44 min ago	5.36 bp	46.8 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	6.58 bp	47.9 bp −$48	287.4 bp −$2,874	doesn't fit	doesn't fit

SIGN on 12 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
Variational Omni SIGN	−0.0137%	4h	0.01215	−0.185%	$83K	$2K	—	as long as short
Aster SIGNUSDT	−0.0049%	4h	0.01216	−0.118%	$10K	$5K	5x	as long as short
Binance SIGNUSDT	+0.0100%	4h	0.01217	−0.011%	$2.4M	$1.7M	25x	as long as short
Bybit SIGNUSDTshort	+0.0100%	4h	0.01216	−0.131%	$2.2M	$421K	25x
OKX SIGN-USDT-SWAPlong	+0.0100%	4h	0.01218	long leg	$662K	$324K	20x
Gate SIGN_USDT	+0.0100%	4h	0.01214	−0.287%	$93K	$35K	25x	as long as short
MEXC SIGN_USDT	+0.0100%	4h	0.01217	−0.066%	$12.3M	$119K	20x	as long as short
KuCoin SIGNUSDTM	+0.0100%	4h	0.01217	−0.041%	$1.5M	$17K	25x	as long as short
Bitget SIGNUSDT	+0.0100%	4h	0.01217	−0.008%	$929K	$181K	25x	as long as short
BingX SIGN-USDT	+0.0100%	4h	0.01217	−0.033%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni SIGNUSDT	+0.0100%	1h	0.01216	−0.123%	$30K	$659K	50x	as long as short
BloFin SIGN-USDT	+0.0131%	4h	0.01215	−0.189%	$124K	$17K	25x	as long as short