Funding you earn now, next payment 04:00 UTC−0.0389%/8h= −42.5% APRnext payment −$1.94 per $10,000 · paid last 24h −0.038%
Price spread now: Bybit against OKX−0.218%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs−$259as in the Price arb table
costs, in and out, $10k−$2502.505% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 7 days+0.118%+$12 · spread now −0.218%, 7d avg −0.135%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.083% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.135%). Swap the legs.
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 −$1.94 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 EDGE-USDT-SWAP | 0.5965 | 0.0489 | pay 0.0244% / 4h | 1h 33m | $3.7M | $5.8M | 20x |
| Short | Bybit EDGEUSDT | 0.5952 | 0.0100 | get 0.0050% / 4h | 1h 33m | $7.1M | $3.3M | 25x |
OKX EDGE-USDT-SWAP
Bybit EDGEUSDTFunding 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
- −$81.59
- Price spread: −0.218% → −0.135%
- −$8.27
- Slippage, 4 orders
- −$229.49
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$340.35
- Costs to cover
- 2.505%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 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, 4 min ago | 0.84 bp | 27.1 bp −$27 | 146.4 bp −$1,464 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.38 bp | 88.9 bp −$89 | 310.1 bp −$3,101 | 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 | 0.5940 | −0.422% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDTshort | +0.0100% | 4h | 0.5952 | −0.218% | $7.1M | $3.3M | 25x | |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5956 | −0.151% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5960 | −0.084% | $4.7M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5944 | −0.349% | $61K | $105K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5927 | −0.640% | $191K | $133K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5946 | −0.311% | $10K | $2.1M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5949 | −0.268% | $9K | $306K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5893 | −1.207% | $3K | $619K | 10x | as long as short |
| BloFin EDGE-USDT | +0.0394% | 4h | 0.5946 | −0.319% | $653K | $101K | 50x | as long as short |
Lighter EDGE
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
BloFin EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EDGE-USD | +0.0448% | 1h | 0.5953 | −0.196% | $27K | $193K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0450% | 4h | 0.5966 | +0.017% | $1.2M | $900K | 50x | as long as short |
| edgeX EDGEUSDC | +0.0454% | 4h | 0.5941 | −0.401% | $14.2M | $3.6M | 30x | as long as short |
| Binance EDGEUSDT | +0.0456% | 4h | 0.5967 | +0.031% | $10.2M | $10.3M | 50x | as long as short |
| OKX EDGE-USDT-SWAPlong | +0.0489% | 4h | 0.5965 | long leg | $3.7M | $5.8M | 20x | |
| Aster EDGEUSDT | +0.0489% | 4h | 0.5939 | −0.442% | $68K | $129K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0668% | 4h | 0.5959 | −0.101% | $3K | — | 10x | as long as short |
Extended EDGE-USD
MEXC EDGE_USDT
edgeX EDGEUSDC
Binance EDGEUSDT
Aster EDGEUSDT
Orderly PERP_EDGE_USDC