Funding you earn now, next payment 08:00 UTC+0.0162%/8h= +17.7% APRnext payment +$1.62 per $10,000 · paid last 24h +0.020%
Price spread now: Bybit against OKX−0.050%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.050%, 7d avg +0.003%
=Funding pays, the price is against you. Bybit is 0.053% cheaper against OKX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.003%). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.010% in total) that is about 38 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FIL-USDT-SWAP | 1.0031 | −0.0062 | get 0.0062% / 8h | 6h 43m | $18.5M | $100.6M | 50x |
| Short | Bybit FILUSDT | 1.0026 | 0.0100 | get 0.0100% / 8h | 6h 43m | $15.8M | $19.0M | 25x |
OKX FIL-USDT-SWAP
Bybit FILUSDTFunding 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
- $34
- Price spread: −0.050% → +0.003%
- −$5.26
- Slippage, 4 orders
- −$24.61
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.87
- Costs to cover
- 0.456%
- Break-even
- 10.5 days
Slippage from OKX: live order book, 5 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, 5 min ago | 0.50 bp | 9.0 bp −$9 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.50 bp | 14.4 bp −$14 | 36.5 bp −$365 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 0.9997 | −0.339% | $375K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0003 | −0.278% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAPlong | −0.0062% | 8h | 1.0031 | long leg | $18.5M | $100.6M | 50x | |
| KuCoin FILUSDTM | −0.0047% | 8h | 1.0020 | −0.110% | $7.4M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9994 | −0.373% | $36K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9986 | −0.449% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0006 | −0.249% | $172K | $23K | 25x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 1.0018 | −0.128% | $699K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0026% | 8h | 1.0029 | −0.020% | $58.2M | $183.1M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.755% | $2K | $240K | 12x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate FIL_USDT | +0.0067% | 8h | 1.0027 | −0.040% | $8.3M | $16.1M | 50x | as long as short |
| MEXC FIL_USDC | +0.0068% | 8h | 1.0016 | −0.150% | $245K | $104K | 50x | as long as short |
| BloFin FIL-USDT | +0.0093% | 8h | 0.9993 | −0.379% | $2.7M | $610K | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9995 | −0.362% | $158K | $345K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 1.0028 | −0.030% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0006 | −0.251% | $510K | $612K | 20x | as long as short |
| Bybit FILUSDTshort | +0.0100% | 8h | 1.0026 | −0.050% | $15.8M | $19.0M | 25x | |
| Bitget FILUSDT | +0.0100% | 8h | 1.0028 | −0.030% | $11.2M | $22.0M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0027 | −0.040% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0029 | −0.020% | $449K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9992 | −0.391% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9996 | −0.353% | $298K | $849K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | −0.309% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9993 | −0.374% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.409% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0000 | −0.309% | $490 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9996 | −0.349% | $650K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | −0.409% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0573% / S −0.0237% | 1h | 0.9991 | −0.396% | $267K | — | 100x | as long as short |
Gate FIL_USDT
MEXC FIL_USDC
BloFin FIL-USDT
Lighter FIL
Hyperliquid FIL
Aster FILUSDT
Bitget FILUSDT
BingX FIL-USDT
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
GMX FIL/USD [WBTC.b-USDC]