EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0301%/8h= +33.0% APRnext payment +$1.51 per $10,000 · paid last 24h +0.038%

Price spread now: OKX against Bybit+0.239%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$2052.053% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.239%, 7d avg +0.135%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and OKX is 0.103% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.135%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.51 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	Bybit EDGEUSDT	0.5869	0.0100	pay 0.0050% / 4h	2h 45m	$7.1M	$3.3M	25x
Short	OKX EDGE-USDT-SWAP	0.5883	0.0401	get 0.0201% / 4h	2h 45m	$3.6M	$5.7M	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 +0.239%Rate

Funding earned: $63.25
Price spread: +0.239% → +0.135%: $10.32
Slippage, 4 orders: −$184.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$131.77
Costs to cover: 2.053%
Break-even: 21.6 days

Slippage from Bybit: live order book, 2 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, 2 min ago	3.41 bp	71.0 bp −$71	376.7 bp −$3,767	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.70 bp	28.6 bp −$29	148.6 bp −$1,486	doesn't fit	doesn't fit

EDGE on 17 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
Lighter EDGE	+0.0096%	1h	0.5871	+0.032%	$49K	$13K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5869	long leg	$7.1M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5877	+0.136%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5878	+0.153%	$4.7M	$1.0M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5880	+0.187%	$59K	$102K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5872	+0.044%	$190K	$126K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5888	+0.324%	$2K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5899	+0.511%	$12K	$301K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5852	−0.290%	$3K	$619K	10x	as long as short
OKX EDGE-USDT-SWAPshort	+0.0401%	4h	0.5883	+0.239%	$3.6M	$5.7M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0408%	4h	0.5901	+0.538%	$14.1M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0502%	4h	0.5891	+0.370%	$68K	$132K	5x	as long as short
BloFin EDGE-USDT	+0.0503%	4h	0.5887	+0.307%	$655K	$97K	50x	as long as short
Extended EDGE-USD	+0.0528%	1h	0.5875	+0.102%	$27K	$188K	5x	as long as short
Binance EDGEUSDT	+0.0529%	4h	0.5879	+0.170%	$10.0M	$10.4M	50x	as long as short
MEXC EDGE_USDT	+0.0534%	4h	0.5879	+0.170%	$1.1M	$910K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0762%	4h	0.5883	+0.239%	$3K	—	10x	as long as short