Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.030%
Price spread now: OKX against Bybit+0.076%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1211.214% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now +0.076%, 7d avg +0.068%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WUSDT | 0.01189 | 0.0100 | pay 0.0050% / 4h | 1h 47m | $4.2M | $1.6M | 50x |
| Short | OKX W-USDT-SWAP | 0.01189 | 0.0100 | get 0.0050% / 4h | 1h 47m | $1.3M | $1.6M | 20x |
Bybit WUSDT
OKX W-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
- $0
- Price spread: +0.076% → +0.068%
- $0.8
- Slippage, 4 orders
- −$100.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$120.56
- Costs to cover
- 1.214%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; OKX: live order book, 4 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, just now | 4.63 bp | 29.0 bp −$29 | 134.0 bp −$1,340 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 5.05 bp | 28.8 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01191 | +0.227% | $14K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.716% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01191 | +0.202% | $2.0M | $287K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01191 | +0.188% | $3.0M | $5.4M | 50x | as long as short |
| Bybit WUSDTlong | +0.0100% | 4h | 0.01189 | long leg | $4.2M | $1.6M | 50x | |
| OKX W-USDT-SWAPshort | +0.0100% | 4h | 0.01189 | +0.076% | $1.3M | $1.6M | 20x | |
| Gate W_USDT | +0.0100% | 4h | 0.01188 | −0.093% | $432K | $230K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01191 | +0.185% | $12.5M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01190 | +0.118% | $398K | $196K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01191 | +0.202% | $1.3M | $588K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01189 | +0.059% | — | $6.7M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01186 | −0.260% | $72K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01190 | +0.097% | $126K | $382K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01191 | +0.160% | $60K | $144K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0304% | 1h | 0.01196 | +0.631% | $14K | $14K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1201% | 1h | 0.01193 | +0.345% | $44K | $39K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1543% | 1h | 0.01193 | +0.360% | $149K | $188K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD