Funding you earn now, next payment 08:00 UTC−0.0466%/8h= −51.1% APRnext payment −$2.33 per $10,000 · paid last 24h −0.053%
Price spread now: Bybit against OKX−0.184%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$368as in the Funding arb table
Net, price: spread back to 7d avg − costs−$384as in the Price arb table
costs, in and out, $10k−$3633.626% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.184%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.211% cheaper against OKX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.33 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 AEON-USDT-SWAP | 0.05982 | 0.0566 | pay 0.0283% / 4h | 2h 34m | $1.7M | $6.3M | 20x |
| Short | Bybit AEONUSDT | 0.05971 | 0.0100 | get 0.0050% / 4h | 2h 34m | $503K | $192K | 25x |
OKX AEON-USDT-SWAP
Bybit AEONUSDTFunding 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
- −$97.94
- Price spread: −0.184% → +0.027%
- −$21.12
- Slippage, 4 orders
- −$341.64
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$481.7
- Costs to cover
- 3.626%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 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, 3 min ago | 3.30 bp | 41.2 bp −$41 | 354.1 bp −$3,541 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 12.32 bp | 140.3 bp −$140 | doesn't fit | doesn't fit | doesn't fit |
AEON on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster AEONUSDT | +0.0100% | 1h | 0.05962 | −0.340% | $35K | $31K | 5x | as long as short |
| Bybit AEONUSDTshort | +0.0100% | 4h | 0.05971 | −0.184% | $503K | $192K | 25x | |
| Gate AEON_USDT | +0.0100% | 4h | 0.05987 | +0.084% | $578K | $247K | 20x | as long as short |
| Bitget AEONUSDT | +0.0100% | 4h | 0.05969 | −0.217% | $2.1M | $751K | 20x | as long as short |
| KuCoin AEONUSDTM | +0.0338% | 4h | 0.05974 | −0.134% | $1.0M | $1.7M | 20x | as long as short |
| OKX AEON-USDT-SWAPlong | +0.0566% | 4h | 0.05982 | long leg | $1.7M | $6.3M | 20x |
Aster AEONUSDT
Gate AEON_USDT
Bitget AEONUSDT
KuCoin AEONUSDTM