Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.158%
Price spread now: OKX against Bybit−0.137%7-day average +0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$415as in the Funding arb table
Net, price: spread back to 7d avg − costs−$450as in the Price arb table
costs, in and out, $10k−$4234.231% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.137%, 7d avg +0.133%
=Funding pays, the price is against you. OKX is 0.270% cheaper against Bybit than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of +0.133%). If the spread goes back, that is −$27 on $10k: about 18 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ONUSDT | 72.900 | 0 | get 0.0000% / 8h | 4h 05m | $136K | $215K | 50x |
| Short | OKX ON-USDT-SWAP | 72.800 | 0.0050 | get 0.0050% / 8h | 4h 05m | $286K | $407K | 10x |
Bybit ONUSDT
OKX ON-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
- $10.47
- Price spread: −0.137% → +0.133%
- −$27.05
- Slippage, 4 orders
- −$402.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$439.62
- Costs to cover
- 4.231%
- Break-even
- 300.8 days
Slippage from Bybit: live order book, 44 min ago; OKX: live order book, 50 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, 44 min ago | 10.30 bp | 155.1 bp −$155 | 247.0 bp −$2,470 | doesn't fit | doesn't fit |
| Sell OKX live order book, 50 min ago | 22.55 bp | 54.5 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
ON on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONUSDTlong | 0.0000% | 8h | 72.900 | long leg | $136K | $215K | 50x | |
| Extended ON_24_5-USD | +0.0040% | 1h | 72.430 | −0.645% | $2K | — | 10x | as long as short |
| OKX ON-USDT-SWAPshort | +0.0050% | 8h | 72.800 | −0.137% | $286K | $407K | 10x |
Extended ON_24_5-USD