Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.149%
Price spread now: Bybit against Injective+0.438%7-day average +0.635% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.480%+$48 on $10k
+Price spread, last 3 days (all we have)−0.396%−$40 · spread now +0.438%, 7d avg +0.635%
=Funding pays, the price is against you. Bybit is 0.197% cheaper against Injective than usual: you would sell low and buy high (spread +0.438% now, against its 7-day average of +0.635%). If the spread goes back, that is −$20 on $10k: about 9.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.480% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective OKB/USDC PERP | 123.18 | 0.0033 | pay 0.0004% / 1h | 42m 41s | $25 | $307K | 5.5x |
| Short | Bybit OKBUSDT | 123.72 | 0.0100 | get 0.0050% / 4h | 42m 41s | $2.6M | $977K | 25x |
Injective OKB/USDC PERP
Bybit OKBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $14.03
- Price spread: +0.438% → +0.635%
- −$19.67
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.66
- Costs to cover
- 0.110%
- Break-even
- 15.3 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 2.02 bp | 47.3 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.6233% | 1h | 122.00 | −0.958% | $41K | $12K | 5x | as long as short |
| Injective OKB/USDC PERPlong | +0.0033% | 1h | 123.18 | long leg | $25 | $307K | 5.5x | |
| BingX OKB-USDT | +0.0036% | 4h | 123.61 | +0.349% | — | $2.8M | — | as long as short |
| Bybit OKBUSDTshort | +0.0100% | 4h | 123.72 | +0.438% | $2.6M | $977K | 25x | |
| OKX OKB-USDT-SWAP | +0.0100% | 4h | 123.59 | +0.333% | $30.0M | $41.0M | 20x | as long as short |
| Gate OKB_USDT | +0.0100% | 8h | 123.60 | +0.341% | $1.5M | $597K | 25x | as long as short |
| MEXC OKB_USDT | +0.0100% | 4h | 123.61 | +0.349% | $1.2M | $461K | 25x | as long as short |
| Variational Omni OKB | +0.0100% | 4h | 123.87 | +0.560% | $61K | $38K | — | as long as short |
| HTX OKB-USDT | +0.0100% | 8h | 124.11 | +0.755% | $67K | $277K | 10x | as long as short |
| GMX OKB/USD [ETH-USDC] | L +0.0269% / S −0.0266% | 1h | 123.68 | +0.404% | $3K | — | 100x | as long as short |
Aster OKBUSDT
BingX OKB-USDT
OKX OKB-USDT-SWAP
Gate OKB_USDT
MEXC OKB_USDT
Variational Omni OKB
HTX OKB-USDT
GMX OKB/USD [ETH-USDC]