TRUTH

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0211%/8h= −23.1% APRnext payment −$1.06 per $10,000 · paid last 24h −0.008%

Price spread now: OKX against Bybit−0.176%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$662as in the Funding arb table

Net, price: spread back to 7d avg − costs−$680as in the Price arb table

costs, in and out, $10k−$6646.637% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.176%, 7d avg −0.016%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.160% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.06 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 TRUTHUSDT	0.01364	0.1199	pay 0.0599% / 4h	3h 28m	$1.3M	$453K	20x
Short	OKX TRUTH-USDT-SWAP	0.01362	0.0988	get 0.0494% / 4h	3h 28m	$197K	$294K	10x

Funding 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 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 BybitbpFee OKXbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$44.35
Price spread: −0.176% → −0.016%: −$16.02
Slippage, 4 orders: −$642.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$724.08
Costs to cover: 6.637%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 42 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	7.34 bp	331.2 bp −$331	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 42 min ago	7.35 bp	48.9 bp −$49	doesn't fit	doesn't fit	doesn't fit

TRUTH 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 TRUTHUSDT	+0.0509%	4h	0.01362	−0.183%	$36K	$6K	5x	as long as short
BloFin TRUTH-USDT	+0.0738%	4h	0.01363	−0.051%	$196K	$13K	50x	as long as short
Binance TRUTHUSDT	+0.0783%	4h	0.01361	−0.242%	$4.3M	$1.6M	20x	as long as short
MEXC TRUTH_USDT	+0.0788%	4h	0.01364	−0.044%	$11.9M	$132K	20x	as long as short
Extended TRUTH-USD	+0.0792%	1h	0.01363	−0.075%	$5K	$179K	5x	as long as short
KuCoin TRUTHUSDTM	+0.0868%	4h	0.01358	−0.469%	$1.1M	$46K	10x	as long as short
Gate TRUTH_USDT	+0.0946%	4h	0.01359	−0.345%	$426K	$59K	20x	as long as short
OKX TRUTH-USDT-SWAPshort	+0.0988%	4h	0.01362	−0.176%	$197K	$294K	10x
Bybit TRUTHUSDTlong	+0.1199%	4h	0.01364	long leg	$1.3M	$453K	20x
BingX TRUTH-USDT	+0.1388%	4h	0.01364	−0.037%	—	$6.5M	—	as long as short