Funding you earn now, next payment 08:00 UTC+0.0088%/8h= +9.7% APRnext payment +$0.88 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.140%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1641.636% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.140%, 7d avg −0.053%
=Funding pays, the price is against you. OKX is 0.087% cheaper against Bybit than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of −0.053%). If the spread goes back, that is −$9 on $10k: about 3.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.062% in total) that is about 9.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ARKMUSDT | 0.1285 | 0.0012 | pay 0.0012% / 8h | 15m 47s | $2.3M | $2.4M | 50x |
| Short | OKX ARKM-USDT-SWAP | 0.1283 | 0.0100 | get 0.0100% / 8h | 15m 47s | $783K | $2.5M | 20x |
Bybit ARKMUSDT
OKX ARKM-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
- $18.52
- Price spread: −0.140% → −0.053%
- −$8.68
- Slippage, 4 orders
- −$142.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$153.81
- Costs to cover
- 1.636%
- Break-even
- 65.1 days
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 5.84 bp | 45.4 bp −$45 | 61.4 bp −$614 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 6.99 bp | 46.3 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
ARKM on 13 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_ARKMUSD | −0.1584% | 1h | 0.1283 | −0.116% | $22K | $1K | 10x | as long as short |
| dYdX ARKM-USD | 0.0000% | 1h | 0.1287 | +0.151% | $7K | $47 | 5x | as long as short |
| Bybit ARKMUSDTlong | +0.0012% | 8h | 0.1285 | long leg | $2.3M | $2.4M | 50x | |
| Aster ARKMUSDT | +0.0100% | 8h | 0.1287 | +0.183% | $13K | $10K | 5x | as long as short |
| Binance ARKMUSDT | +0.0100% | 8h | 0.1285 | +0.023% | $2.7M | $10.6M | 50x | as long as short |
| OKX ARKM-USDT-SWAPshort | +0.0100% | 8h | 0.1283 | −0.140% | $783K | $2.5M | 20x | |
| Gate ARKM_USDT | +0.0100% | 8h | 0.1285 | +0.023% | $237K | $252K | 50x | as long as short |
| MEXC ARKM_USDT | +0.0100% | 8h | 0.1284 | −0.054% | $3.3M | $1.3M | 200x | as long as short |
| KuCoin ARKMUSDTM | +0.0100% | 8h | 0.1287 | +0.210% | $1.4M | $371K | 30x | as long as short |
| Bitget ARKMUSDT | +0.0100% | 8h | 0.1286 | +0.101% | $1.4M | $1.1M | 50x | as long as short |
Kraken Futures PF_ARKMUSD
dYdX ARKM-USD
Aster ARKMUSDT
Binance ARKMUSDT
Gate ARKM_USDT
MEXC ARKM_USDT
KuCoin ARKMUSDTM
Bitget ARKMUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ARKM-USDT | +0.0100% | 8h | 0.1286 | +0.101% | — | $2.5M | — | as long as short |
| Variational Omni ARKM | +0.0100% | 8h | 0.1285 | −0.004% | $9K | $12K | — | as long as short |
| BloFin ARKM-USDT | +0.0128% | 8h | 0.1288 | +0.257% | $145K | $50K | 50x | as long as short |
BingX ARKM-USDT
Variational Omni ARKM
BloFin ARKM-USDT