Funding you earn now, next payment 00:00 UTC+0.3194%/8h= +349.7% APRnext payment +$15.97 per $10,000 · paid last 24h +0.502%
Price spread now: Bybit against OKX−0.468%7-day average −0.178% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$1851.854% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)+0.339%+$34 · spread now −0.468%, 7d avg −0.178%
=Funding pays, the price is against you. Bybit is 0.290% cheaper against OKX than usual: you would sell low and buy high (spread −0.468% now, against its 7-day average of −0.178%). If the spread goes back, that is −$29 on $10k: about 7 hours of funding at the current rate (+$96 a day). At the pace of the last 7 days (+0.380% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.380% in total (about 19.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.97 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 SLX-USDT-SWAP | 0.06619 | 0.0263 | pay 0.0132% / 4h | 23m 29s | $1.8M | $1.8M | 20x |
| Short | Bybit SLXUSDT | 0.06588 | 0.3457 | get 0.1728% / 4h | 23m 29s | $966K | $357K | 20x |
OKX SLX-USDT-SWAP
Bybit SLXUSDTFunding 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
- $670.65
- Price spread: −0.468% → −0.178%
- −$29.01
- Slippage, 4 orders
- −$164.35
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $456.29
- Costs to cover
- 1.854%
- Break-even
- 2.2 days
Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 52 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, 3 min ago | 0.75 bp | 18.4 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 52 min ago | 3.78 bp | 98.1 bp −$98 | doesn't fit | doesn't fit | doesn't fit |
SLX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX SLX-USDT | +0.0070% | 4h | 0.06604 | −0.227% | — | $1.7M | — | as long as short |
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06616 | −0.045% | $962K | $1.7M | 20x | as long as short |
| Bitget SLXUSDT | +0.0100% | 4h | 0.06616 | −0.045% | $1.0M | $357K | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06630 | +0.166% | $1K | $422K | 20x | as long as short |
| Gate SLX_USDT | +0.0156% | 4h | 0.06615 | −0.060% | $315K | $645K | 25x | as long as short |
| OKX SLX-USDT-SWAPlong | +0.0263% | 4h | 0.06619 | long leg | $1.8M | $1.8M | 20x | |
| Binance SLXUSDT | +0.0483% | 4h | 0.06619 | +0.004% | $2.5M | $2.9M | 25x | as long as short |
| MEXC SLX_USDT | +0.0490% | 4h | 0.06610 | −0.136% | $1.9M | $220K | 20x | as long as short |
| BloFin SLX-USDT | +0.0497% | 4h | 0.06634 | +0.227% | $167K | $3K | 25x | as long as short |
| Aster SLXUSDT | +0.0535% | 4h | 0.06614 | −0.072% | $15K | $28K | 10x | as long as short |
BingX SLX-USDT
KuCoin SLXUSDTM
Bitget SLXUSDT
SunX SLX-USDT
Gate SLX_USDT
Binance SLXUSDT
MEXC SLX_USDT
BloFin SLX-USDT
Aster SLXUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTshort | +0.3457% | 4h | 0.06588 | −0.468% | $966K | $357K | 20x |