Funding you earn now, next payment 08:00 UTC−0.0091%/8h= −10.0% APRnext payment −$0.46 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.045%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2832.829% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.045%, 7d avg −0.090%
=The price spread pays, funding is against you. OKX is 0.045% dearer against Bybit than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.090%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.019% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BREVUSDT | 0.08868 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $551K | $559K | 50x |
| Short | OKX BREV-USDT-SWAP | 0.08864 | 0.0009 | get 0.0004% / 4h | 3h 20m | $526K | $663K | 20x |
Bybit BREVUSDT
OKX BREV-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
- −$19.15
- Price spread: −0.045% → −0.090%
- $4.49
- Slippage, 4 orders
- −$261.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$297.53
- Costs to cover
- 2.829%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 25 min ago; OKX: live order book, 31 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, 25 min ago | 5.61 bp | 100.9 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 31 min ago | 5.62 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
BREV on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX BREV-USDT-SWAPshort | +0.0009% | 4h | 0.08864 | −0.045% | $526K | $663K | 20x | |
| Aster BREVUSDT | +0.0037% | 4h | 0.08866 | −0.021% | $15K | $4K | 5x | as long as short |
| Binance BREVUSDT | +0.0100% | 4h | 0.08866 | −0.022% | $1.6M | $2.2M | 50x | as long as short |
| Bybit BREVUSDTlong | +0.0100% | 4h | 0.08868 | long leg | $551K | $559K | 50x | |
| Gate BREV_USDT | +0.0100% | 8h | 0.08850 | −0.203% | $49K | $51K | 50x | as long as short |
| MEXC BREV_USDT | +0.0100% | 4h | 0.08864 | −0.045% | $3.6M | $172K | 20x | as long as short |
| KuCoin BREVUSDTM | +0.0100% | 4h | 0.08850 | −0.203% | $451K | $52K | 50x | as long as short |
| Bitget BREVUSDT | +0.0100% | 4h | 0.08866 | −0.023% | $448K | $152K | 20x | as long as short |
| BingX BREV-USDT | +0.0100% | 4h | 0.08867 | −0.011% | — | $2.3M | — | as long as short |
| Variational Omni BREV | +0.0100% | 4h | 0.08848 | −0.226% | $173 | $105 | — | as long as short |
Aster BREVUSDT
Binance BREVUSDT
Gate BREV_USDT
MEXC BREV_USDT
KuCoin BREVUSDTM
Bitget BREVUSDT
BingX BREV-USDT
Variational Omni BREVShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX BREV-USDT | +0.0100% | 4h | 0.08870 | +0.023% | $1K | $1.6M | 20x | as long as short |
SunX BREV-USDT