Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.040%
Price spread now: BingX against Bybit−0.066%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$800.801% of the position
Funding, last 7 days−0.155%−$16 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now −0.066%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.029% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OKBUSDT | 122.11 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $2.5M | $1.0M | 25x |
| Short | BingX OKB-USDT | 122.03 | 0.0036 | get 0.0018% / 4h | 3h 28m | — | $2.8M | — |
Bybit OKBUSDT
BingX OKB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$13.44
- Price spread: −0.066% → −0.036%
- −$2.94
- Slippage, 4 orders
- −$59.07
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$96.45
- Costs to cover
- 0.801%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 7 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 | 1.23 bp | 33.7 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 2.87 bp | 11.7 bp −$12 | 23.0 bp −$230 | 145.4 bp −$14.5K | 788.5 bp −$394.2K |
OKB 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OKBUSDT | −0.4195% | 1h | 121.31 | −0.655% | $49K | $39K | 5x | as long as short |
| Injective OKB/USDC PERP | +0.0033% | 1h | 123.18 | +0.876% | $25 | $304K | 5.5x | as long as short |
| BingX OKB-USDTshort | +0.0036% | 4h | 122.03 | −0.066% | — | $2.8M | — | |
| Bybit OKBUSDTlong | +0.0100% | 4h | 122.11 | long leg | $2.5M | $1.0M | 25x | |
| OKX OKB-USDT-SWAP | +0.0100% | 4h | 121.99 | −0.098% | $30.2M | $45.3M | 20x | as long as short |
| Gate OKB_USDT | +0.0100% | 8h | 121.96 | −0.123% | $1.5M | $620K | 25x | as long as short |
| MEXC OKB_USDT | +0.0100% | 4h | 121.98 | −0.106% | $1.1M | $413K | 25x | as long as short |
| Variational Omni OKB | +0.0100% | 4h | 122.26 | +0.126% | $54K | $27K | — | as long as short |
| HTX OKB-USDT | +0.0100% | 8h | 122.57 | +0.377% | $66K | $324K | 10x | as long as short |
| GMX OKB/USD [ETH-USDC] | L +0.0269% / S −0.0266% | 1h | 121.89 | −0.180% | $3K | — | 100x | as long as short |
Aster OKBUSDT
Injective OKB/USDC PERP
OKX OKB-USDT-SWAP
Gate OKB_USDT
MEXC OKB_USDT
Variational Omni OKB
HTX OKB-USDT
GMX OKB/USD [ETH-USDC]