Settings8H · net · $10k
Funding arb · Price arb /

COST

RWAall COST markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against Bybit+0.063%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1111.108% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.063%, 7d avg +0.050%
Together, before fees+0.010%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit COSTUSDT898.810get 0.0000% / 8h5h 50m$491K$218K25x
ShortOKX COST-USDT-SWAP899.380get 0.0000% / 8h5h 50m$444K$106K10x

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

Funding earned
$0
Price spread: +0.063% → +0.050%
$1.35
Slippage, 4 orders
−$89.82
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$109.47
Costs to cover
1.108%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago8.06 bp14.4 bp −$1448.1 bp −$481doesn't fitdoesn't fit
Sell OKX live order book, 10 min ago4.39 bp12.6 bp −$13doesn't fitdoesn't fitdoesn't fit

COST on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster COSTUSDT0.0000%8h899.07+0.029%$45K$17820xas long as short
Bybit COSTUSDTlong0.0000%8h898.81long leg$491K$218K25x
OKX COST-USDT-SWAPshort0.0000%8h899.38+0.063%$444K$106K10x
Gate COST_USDT0.0000%8h898.84+0.003%$520K$8K25xas long as short
Bitget COSTUSDT0.0000%8h898.71−0.011%$403K$110K25xas long as short
SunX COST-USDT0.0000%8h897.90−0.101%$2K$3.0M10xas long as short
HTX COST-USDT0.0000%8h899.82+0.112%$10K$42K10xas long as short
QFEX COST-USD+0.0005%1h898.46−0.039%$1.1M$2.9M10xas long as short
Injective COST/USDC PERP+0.0033%1h891.98−0.760%$2K$28K12xas long as short
Extended COST-USD+0.0040%1h898.25−0.062%10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest COST-USD-PERP+0.0046%1h898.56−0.028%25xas long as short
tradeXYZ xyz:COST+0.0050%1h898.44−0.041%$1.8M$515K20xas long as short
Variational Omni COST+0.0098%8h898.46−0.039%$42K$17Kas long as short
KuCoin COSTUSDTM+0.0100%8h898.10−0.079%$46K$870K20xas long as short
Binance COSTUSDT+0.0222%8h898.88+0.008%$1.1M$926K20xas long as short