Funding you earn now, next payment 00:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.029%
Price spread now: OKX against Bybit−0.025%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1701.702% of the position
Funding, last 7 days+0.349%+$35 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.025%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.036% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZRXUSDT | 0.1192 | −0.0074 | get 0.0074% / 8h | 3h 31m | $1.4M | $367K | 25x |
| Short | OKX ZRX-USDT-SWAP | 0.1191 | 0.0100 | get 0.0050% / 4h | 3h 31m | $533K | $238K | 20x |
Bybit ZRXUSDT
OKX ZRX-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
- $36.58
- Price spread: −0.025% → −0.061%
- $3.55
- Slippage, 4 orders
- −$149.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$130.04
- Costs to cover
- 1.702%
- Break-even
- 31.9 days
Slippage from Bybit: live order book, just now; OKX: live order book, 15 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 | 3.78 bp | 49.1 bp −$49 | 836.2 bp −$8,362 | doesn't fit | doesn't fit |
| Sell OKX live order book, 15 min ago | 2.54 bp | 29.9 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
ZRX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | −0.0413% | 1h | 0.1195 | +0.246% | $40K | $3K | 10x | as long as short |
| Bybit ZRXUSDTlong | −0.0074% | 8h | 0.1192 | long leg | $1.4M | $367K | 25x | |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1191 | −0.059% | $1.8M | $1.1M | 50x | as long as short |
| OKX ZRX-USDT-SWAPshort | +0.0100% | 4h | 0.1191 | −0.025% | $533K | $238K | 20x | |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1190 | −0.151% | $146K | $41K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1191 | −0.059% | $867K | $154K | 50x | as long as short |
| KuCoin ZRXUSDTM | +0.0100% | 4h | 0.1191 | −0.059% | $336K | $57K | 30x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1190 | −0.143% | $578K | $189K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1192 | +0.025% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1187 | −0.355% | $34K | $29K | — | as long as short |
Kraken Futures PF_ZRXUSD
Binance ZRXUSDT
Gate ZRX_USDT
MEXC ZRX_USDT
KuCoin ZRXUSDTM
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZRX-USDT | +0.0101% | 4h | 0.1187 | −0.394% | $95K | $18K | 50x | as long as short |
BloFin ZRX-USDT