Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h +0.005%
Price spread now: Bybit against OKX+0.021%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1291.292% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.021%, 7d avg +0.078%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.058% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.078%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment. 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 MASK-USDT-SWAP | 0.4854 | 0.0100 | pay 0.0100% / 8h | 1h 16m | $505K | $3.1M | 20x |
| Short | Bybit MASKUSDT | 0.4855 | −0.0088 | pay 0.0044% / 4h | 1h 16m | $1.3M | $1.8M | 50x |
OKX MASK-USDT-SWAP
Bybit MASKUSDTFunding 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
- −$39.51
- Price spread: +0.021% → +0.078%
- −$5.78
- Slippage, 4 orders
- −$108.19
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$174.48
- Costs to cover
- 1.292%
- Break-even
- never at this rate
Slippage from OKX: live order book, just now; 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, just now | 3.09 bp | 25.3 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 6.18 bp | 39.1 bp −$39 | 100.9 bp −$1,009 | doesn't fit | doesn't fit |
MASK 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MASKUSDTshort | −0.0088% | 4h | 0.4855 | +0.021% | $1.3M | $1.8M | 50x | |
| BloFin MASK-USDT | +0.0087% | 4h | 0.4857 | +0.062% | $129K | $20K | 50x | as long as short |
| Binance MASKUSDT | +0.0100% | 4h | 0.4857 | +0.062% | $2.6M | $9.8M | 50x | as long as short |
| OKX MASK-USDT-SWAPlong | +0.0100% | 8h | 0.4854 | long leg | $505K | $3.1M | 20x | |
| Gate MASK_USDT | +0.0100% | 8h | 0.4859 | +0.103% | $274K | $658K | 50x | as long as short |
| MEXC MASK_USDT | +0.0100% | 8h | 0.4850 | −0.082% | $1.0M | $326K | 50x | as long as short |
| KuCoin MASKUSDTM | +0.0100% | 4h | 0.4860 | +0.124% | $600K | $229K | 50x | as long as short |
| Bitget MASKUSDT | +0.0100% | 4h | 0.4859 | +0.103% | $510K | $1.2M | 50x | as long as short |
| BingX MASK-USDT | +0.0100% | 4h | 0.4859 | +0.103% | — | $2.3M | — | as long as short |
| Variational Omni MASK | +0.0100% | 4h | 0.4848 | −0.126% | $23K | $1 | — | as long as short |
BloFin MASK-USDT
Binance MASKUSDT
Gate MASK_USDT
MEXC MASK_USDT
KuCoin MASKUSDTM
Bitget MASKUSDT
BingX MASK-USDT
Variational Omni MASK