Funding you earn now, next payment 08:00 UTC−0.0387%/8h= −42.4% APRnext payment −$3.87 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against OKX+0.009%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now +0.009%, 7d avg −0.013%
=The price spread pays, funding is against you. Bybit is 0.023% dearer against OKX than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.013%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.207% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.87 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 AAOI-USDT-SWAP | 107.75 | 0.0387 | pay 0.0387% / 8h | 7m 11s | $5.0M | $20.5M | 20x |
| Short | Bybit AAOIUSDT | 107.76 | 0 | get 0.0000% / 8h | 7m 11s | $1.7M | $2.8M | 25x |
OKX AAOI-USDT-SWAP
Bybit AAOIUSDTFunding 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
- −$81.37
- Price spread: +0.009% → −0.013%
- $2.26
- Slippage, 4 orders
- −$26.28
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$126.39
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 5 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, 1 min ago | 0.46 bp | 10.7 bp −$11 | 72.4 bp −$724 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.86 bp | 12.8 bp −$13 | 114.6 bp −$1,146 | doesn't fit | doesn't fit |
AAOI on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AAOIUSDT | −0.1272% | 8h | 107.87 | +0.111% | $3.2M | $3.9M | 20x | as long as short |
| Aster AAOIUSDT | 0.0000% | 8h | 107.80 | +0.049% | $40K | $37K | 20x | as long as short |
| Extended AAOI-USD | 0.0000% | 1h | 107.72 | −0.031% | $17K | $230K | 10x | as long as short |
| Binance AAOIUSDT | 0.0000% | 8h | 107.73 | −0.014% | $14.8M | $45.4M | 20x | as long as short |
| Bybit AAOIUSDTshort | 0.0000% | 8h | 107.76 | +0.009% | $1.7M | $2.8M | 25x | |
| Gate AAOI_USDT | 0.0000% | 8h | 107.74 | −0.009% | $3.7M | $13.0M | 50x | as long as short |
| Variational Omni AAOI | 0.0000% | 8h | 107.77 | +0.015% | $115K | $153K | — | as long as short |
| GRVT AAOI_USDT_Perp | 0.0000% | 8h | 107.80 | +0.048% | $749 | $114K | 10x | as long as short |
| SunX AAOI-USDT | 0.0000% | 8h | 107.75 | 0.000% | $1K | $1.2M | 10x | as long as short |
| HTX AAOI-USDT | 0.0000% | 8h | 107.69 | −0.056% | $23K | $47K | 20x | as long as short |
Bitget AAOIUSDT
Aster AAOIUSDT
Extended AAOI-USD
Binance AAOIUSDT
Gate AAOI_USDT
Variational Omni AAOI
GRVT AAOI_USDT_Perp
SunX AAOI-USDT
HTX AAOI-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin AAOI-USDT | +0.0003% | 8h | 107.76 | +0.009% | $278K | $66K | 20x | as long as short |
| Lighter AAOI | +0.0032% | 1h | 107.73 | −0.019% | — | — | 10x | as long as short |
| QFEX AAOI-USD | +0.0034% | 1h | 107.65 | −0.093% | $1.1M | $1.8M | 10x | as long as short |
| Popdex AAOIUSDT | +0.0048% | 1h | 107.76 | +0.009% | $943 | $108K | 20x | as long as short |
| tradeXYZ xyz:AAOI | +0.0064% | 1h | 107.64 | −0.102% | $1.9M | $1.5M | 10x | as long as short |
| KuCoin AAOIUSDTM | +0.0100% | 8h | 107.71 | −0.037% | $443K | $221K | 20x | as long as short |
| Orderly PERP_AAOI_USDC_mythos | +0.0100% | 8h | 107.73 | −0.019% | $1K | $13K | 10x | as long as short |
| Aevo AAOI-PERP | +0.0104% | 1h | 107.73 | −0.017% | — | — | 10x | as long as short |
| Paragon para:AAOI | +0.0114% | 1h | 107.62 | −0.116% | $225K | $721K | 10x | as long as short |
| OKX AAOI-USDT-SWAPlong | +0.0387% | 8h | 107.75 | long leg | $5.0M | $20.5M | 20x | |
| edgeX AAOIUSDC | +0.0990% | 4h | 107.75 | −0.002% | $12K | $264K | 10x | as long as short |
BloFin AAOI-USDT
Lighter AAOI
QFEX AAOI-USD
Popdex AAOIUSDT
tradeXYZ xyz:AAOI
KuCoin AAOIUSDTM
Orderly PERP_AAOI_USDC_mythos
Aevo AAOI-PERP
Paragon para:AAOI
edgeX AAOIUSDC