Funding you earn now, next payment 08:00 UTC+0.0157%/8h= +17.2% APRnext payment +$0.78 per $10,000 · paid last 24h −0.014%
Price spread now: OKX against Bybit+0.043%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$610.608% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now +0.043%, 7d avg +0.001%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.042% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.6947 | −0.0057 | get 0.0028% / 4h | 18m 43s | $17.1M | $13.0M | 25x |
| Short | OKX ETHFI-USDT-SWAP | 0.6950 | 0.0100 | get 0.0050% / 4h | 18m 43s | $5.1M | $12.6M | 20x |
Bybit ETHFIUSDT
OKX ETHFI-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
- $32.96
- Price spread: +0.043% → +0.001%
- $4.19
- Slippage, 4 orders
- −$39.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$23.66
- Costs to cover
- 0.608%
- Break-even
- 12.0 days
Slippage from Bybit: live order book, 5 min ago; OKX: 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 Bybit live order book, 5 min ago | 0.72 bp | 15.9 bp −$16 | 48.3 bp −$483 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.72 bp | 15.8 bp −$16 | 47.4 bp −$474 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0415% | 4h | 0.6936 | −0.158% | $82K | $150K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0325% | 1h | 0.6951 | +0.058% | $41K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0290% | 4h | 0.6946 | −0.014% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0201% | 4h | 0.6915 | −0.456% | $911K | $785K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0086% | 8h | 0.6946 | −0.011% | $6K | — | 5x | as long as short |
| Bybit ETHFIUSDTlong | −0.0057% | 4h | 0.6947 | long leg | $17.1M | $13.0M | 25x | |
| Extended ETHFI-USD | −0.0016% | 1h | 0.6945 | −0.032% | $94K | $503K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0014% | 4h | 0.6946 | −0.010% | $24.2M | $36.3M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0014% | 4h | 0.6945 | −0.029% | $15.7M | $4.2M | 125x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.218% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6946 | −0.015% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6952 | +0.075% | $1.1M | $828K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6952 | +0.073% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6946 | −0.020% | $178K | $253K | 10x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.6950 | +0.043% | $5.1M | $12.6M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6952 | +0.072% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6947 | 0.000% | $1.2M | $224K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6946 | −0.014% | $6.1M | $4.8M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6950 | +0.043% | — | $10.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6955 | +0.121% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6943 | −0.058% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0226% | 4h | 0.6947 | 0.000% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0272% | 1h | 0.6990 | +0.619% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0822% | 1h | 0.6957 | +0.150% | $290K | $290K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD