Funding you earn now, next payment 04:00 UTC−0.0935%/8h= −102.4% APRnext payment −$4.68 per $10,000 · paid last 24h −0.876%
Price spread now: OKX against Bybit+0.202%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$242as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1491.490% of the position
Funding, last 7 days−0.925%−$93 on $10k
+Price spread, last 4 days (all we have)−0.317%−$32 · spread now +0.202%, 7d avg −0.008%
=The price spread pays, funding is against you. OKX is 0.211% dearer against Bybit than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of −0.008%): +$21 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.925% in total) that is about 38 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ESPUSDT | 0.09383 | 0.1035 | pay 0.0518% / 4h | 1h 59m | $1.1M | $620K | 50x |
| Short | OKX ESP-USDT-SWAP | 0.09402 | 0.0100 | get 0.0050% / 4h | 1h 59m | $598K | $1.1M | 20x |
Bybit ESPUSDT
OKX ESP-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
- −$196.37
- Price spread: +0.202% → −0.008%
- $21.09
- Slippage, 4 orders
- −$128.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$324.32
- Costs to cover
- 1.490%
- 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 | 3.20 bp | 51.5 bp −$51 | 313.5 bp −$3,135 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.06 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
ESP on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.0036% | 4h | 0.09392 | +0.096% | — | $1.7M | — | as long as short |
| Aster ESPUSDT | +0.0100% | 4h | 0.09394 | +0.119% | $6K | $26K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09396 | +0.139% | $2.4M | $4.3M | 25x | as long as short |
| OKX ESP-USDT-SWAPshort | +0.0100% | 4h | 0.09402 | +0.202% | $598K | $1.1M | 20x | |
| Gate ESP_USDT | +0.0100% | 8h | 0.09402 | +0.202% | $175K | $591K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09395 | +0.128% | $1.3M | $118K | 20x | as long as short |
| KuCoin ESPUSDTM | +0.0100% | 4h | 0.09402 | +0.202% | $1.5M | $48K | 25x | as long as short |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09400 | +0.181% | $944K | $148K | 20x | as long as short |
| edgeX ESPUSDC | +0.0118% | 4h | 0.09405 | +0.230% | $29K | $268K | 10x | as long as short |
| Bybit ESPUSDTlong | +0.1035% | 4h | 0.09383 | long leg | $1.1M | $620K | 50x |
BingX ESP-USDT
Aster ESPUSDT
Binance ESPUSDT
Gate ESP_USDT
MEXC ESP_USDT
KuCoin ESPUSDTM
Bitget ESPUSDT
edgeX ESPUSDC