Funding arb · Price arb /

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Swap Backtest

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 0.000%

Price spread now: OKX against Bybit+0.131%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1831.831% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.131%, 7d avg +0.066%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.065% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06846	0.0100	pay 0.0050% / 4h	3h 55m	$2.1M	$708K	25x
Short	OKX BASED-USDT-SWAP	0.06855	0.0100	get 0.0050% / 4h	3h 55m	$2.7M	$3.8M	20x

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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → +0.066%: $6.54
Slippage, 4 orders: −$162.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$176.57
Costs to cover: 1.831%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 2 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	5.14 bp	71.2 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.73 bp	19.2 bp −$19	114.8 bp −$1,148	doesn't fit	doesn't fit

BASED on 15 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 BASEDUSDT	+0.0100%	4h	0.06843	−0.043%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06854	+0.122%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06846	long leg	$2.1M	$708K	25x
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06855	+0.131%	$2.7M	$3.8M	20x
Gate BASED_USDT	+0.0100%	4h	0.06834	−0.175%	$535K	$579K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06853	+0.102%	$4.9M	$537K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06844	−0.029%	$580K	$71K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06859	+0.190%	$1.3M	$367K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06850	+0.058%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06822	−0.346%	$94K	$13K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06825	−0.304%	$96K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06848	+0.029%	$2K	$902K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06849	+0.045%	$2K	$201K	5x	as long as short
BloFin BASED-USDT	+0.0112%	4h	0.06843	−0.044%	$259K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0287%	4h	0.06849	+0.044%	$3K	$664	10x	as long as short