NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.012%

Price spread now: OKX against Bybit+0.138%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1131.135% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.138%, 7d avg +0.102%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.037% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOTUSDT	0.0005063	0.0057	pay 0.0029% / 4h	1h 07m	$2.1M	$858K	25x
Short	OKX NOT-USDT-SWAP	0.0005070	0.0100	get 0.0050% / 4h	1h 07m	$635K	$648K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $8.97
Price spread: +0.138% → +0.102%: $3.65
Slippage, 4 orders: −$92.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$100.84
Costs to cover: 1.135%
Break-even: 85.7 days

Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 54 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	3.94 bp	28.3 bp −$28	130.0 bp −$1,300	doesn't fit	doesn't fit
Sell OKX live order book, 54 min ago	3.94 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0425%	4h	0.0005079	+0.306%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0272%	4h	0.0005066	+0.059%	$466K	$129K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.733%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDTlong	+0.0057%	4h	0.0005063	long leg	$2.1M	$858K	25x
Lighter 1000NOT	+0.0096%	1h	0.0005084	+0.421%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.138%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005072	+0.184%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005074	+0.223%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAPshort	+0.0100%	4h	0.0005070	+0.138%	$635K	$648K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005073	+0.198%	$143K	$68K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005076	+0.257%	$1.3M	$441K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005079	+0.316%	$674K	$408K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005072	+0.178%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005076	+0.250%	$4K	$491	5x	as long as short
BloFin NOT-USDT	+0.0145%	4h	0.0005088	+0.494%	$112K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1935%	1h	0.0005114	+1.007%	$50K	$9K	10x	as long as short