Funding you earn now, next payment 08:00 UTC−0.0138%/8h= −15.2% APRnext payment −$1.38 per $10,000 · paid last 24h −0.020%
Price spread now: OKX against Bybit−0.050%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.050%, 7d avg −0.003%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.047% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit FILUSDT | 0.9994 | 0.0100 | pay 0.0100% / 8h | 7h 04m | $15.7M | $18.5M | 25x |
| Short | OKX FIL-USDT-SWAP | 0.9989 | −0.0038 | pay 0.0038% / 8h | 7h 04m | $18.4M | $98.3M | 50x |
Bybit FILUSDT
OKX FIL-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
- −$29.06
- Price spread: −0.050% → −0.003%
- −$4.75
- Slippage, 4 orders
- −$18.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$73.66
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago | 0.50 bp | 13.5 bp −$13 | 35.2 bp −$352 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.50 bp | 9.6 bp −$10 | 18.0 bp −$180 | 94.8 bp −$9,480 | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0551% | 1h | 0.9979 | −0.150% | $172K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0328% | 1h | 0.9978 | −0.161% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9980 | −0.140% | $341K | $1.9M | 50x | as long as short |
| OKX FIL-USDT-SWAPshort | −0.0038% | 8h | 0.9989 | −0.050% | $18.4M | $98.3M | 50x | |
| KuCoin FILUSDTM | −0.0037% | 8h | 0.9989 | −0.050% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9977 | −0.172% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9993 | −0.015% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0030% | 8h | 0.9989 | −0.050% | $57.9M | $178.9M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9986 | −0.081% | $698K | $3.3M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.391% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0068% | 8h | 0.9986 | −0.080% | $247K | $106K | 50x | as long as short |
| Bitget FILUSDT | +0.0080% | 8h | 0.9986 | −0.080% | $11.0M | $21.5M | 75x | as long as short |
| Gate FIL_USDT | +0.0090% | 8h | 0.9993 | −0.010% | $8.3M | $16.4M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9985 | −0.091% | $160K | $349K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9992 | −0.019% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9989 | −0.051% | $510K | $583K | 20x | as long as short |
| Bybit FILUSDTlong | +0.0100% | 8h | 0.9994 | long leg | $15.7M | $18.5M | 25x | |
| BingX FIL-USDC | +0.0100% | 8h | 0.9988 | −0.060% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9955 | −0.394% | $448K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9983 | −0.107% | $46K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9966 | −0.280% | $297K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9970 | −0.240% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9981 | −0.131% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9970 | −0.240% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9970 | −0.240% | $493 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9983 | −0.110% | $630K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9970 | −0.240% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0126% | 8h | 0.9965 | −0.290% | $2.7M | $608K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0570% / S −0.0639% | 1h | 0.9976 | −0.176% | $198K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Gate FIL_USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]