Funding you earn now, next payment 04:00 UTC+0.0458%/8h= +50.1% APRnext payment +$2.29 per $10,000 · paid last 24h −0.083%
Price spread now: Bybit against OKX−0.027%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$860.861% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 7 days+0.294%+$29 · spread now −0.027%, 7d avg +0.079%
=Funding pays, the price is against you. Bybit is 0.107% cheaper against OKX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.079%). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.168% in total) that is about 4.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.29 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 LA-USDT-SWAP | 0.07382 | −0.0504 | get 0.0252% / 4h | 42m 29s | $1.3M | $3.1M | 20x |
| Short | Bybit LAUSDT | 0.07380 | −0.0046 | pay 0.0023% / 4h | 42m 29s | $2.3M | $2.6M | 25x |
OKX LA-USDT-SWAP
Bybit LAUSDTFunding 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
- $96.13
- Price spread: −0.027% → +0.079%
- −$10.66
- Slippage, 4 orders
- −$65.06
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$0.59
- Costs to cover
- 0.861%
- Break-even
- 7.0 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 | 1.36 bp | 23.2 bp −$23 | 472.1 bp −$4,721 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.68 bp | 21.4 bp −$21 | 131.3 bp −$1,313 | doesn't fit | doesn't fit |
LA on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LAUSDTM | −0.0910% | 4h | 0.07388 | +0.081% | $1.0M | $85K | 30x | as long as short |
| Gate LA_USDT | −0.0694% | 4h | 0.07385 | +0.041% | $234K | $825K | 50x | as long as short |
| BingX LA-USDT | −0.0518% | 4h | 0.07383 | +0.014% | — | $6.6M | — | as long as short |
| OKX LA-USDT-SWAPlong | −0.0504% | 4h | 0.07382 | long leg | $1.3M | $3.1M | 20x | |
| Bitget LAUSDT | −0.0474% | 4h | 0.07369 | −0.176% | $2.0M | $497K | 25x | as long as short |
| Aster LAUSDT | −0.0453% | 4h | 0.07384 | +0.024% | $51K | $24K | 5x | as long as short |
| BloFin LA-USDT | −0.0322% | 4h | 0.07391 | +0.122% | $247K | $20K | 25x | as long as short |
| MEXC LA_USDT | −0.0308% | 4h | 0.07376 | −0.081% | $376K | $132K | 50x | as long as short |
| Binance LAUSDT | −0.0306% | 4h | 0.07381 | −0.014% | $4.6M | $9.8M | 25x | as long as short |
| Bybit LAUSDTshort | −0.0046% | 4h | 0.07380 | −0.027% | $2.3M | $2.6M | 25x |
KuCoin LAUSDTM
Gate LA_USDT
BingX LA-USDT
Bitget LAUSDT
Aster LAUSDT
BloFin LA-USDT
MEXC LA_USDT
Binance LAUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LA_USDT_Perp | +0.0100% | 4h | 0.07390 | +0.108% | $139K | $468K | 10x | as long as short |
GRVT LA_USDT_Perp