Funding you earn now, next payment 04:00 UTC+0.1293%/8h= +141.5% APRnext payment +$6.46 per $10,000 · paid last 24h +1.052%
Price spread now: Bybit against OKX−0.616%7-day average −0.273% · you buy dearer than you sell
Net, funding: paid 7d − costs+$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1461.461% of the position
Funding, last 7 days+1.635%+$164 on $10k
+Price spread, last 7 days+0.449%+$45 · spread now −0.616%, 7d avg −0.273%
=Funding pays, the price is against you. Bybit is 0.343% cheaper against OKX than usual: you would sell low and buy high (spread −0.616% now, against its 7-day average of −0.273%). If the spread goes back, that is −$34 on $10k: about 21 hours of funding at the current rate (+$39 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SOON-USDT-SWAP | 0.1948 | 0.0686 | pay 0.0343% / 4h | 21m 56s | $1.9M | $483K | 20x |
| Short | Bybit SOONUSDT | 0.1936 | 0.1979 | get 0.0989% / 4h | 21m 56s | $2.5M | $1.2M | 25x |
OKX SOON-USDT-SWAP
Bybit SOONUSDTFunding 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
- $271.44
- Price spread: −0.616% → −0.273%
- −$34.26
- Slippage, 4 orders
- −$125.09
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $91.09
- Costs to cover
- 1.461%
- Break-even
- 4.7 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 | 2.56 bp | 33.0 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 7.73 bp | 31.9 bp −$32 | 311.4 bp −$3,114 | doesn't fit | doesn't fit |
SOON 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 SOONUSDTM | +0.0100% | 4h | 0.1946 | −0.092% | $1.8M | $3.3M | 50x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0504% | 1h | 0.1942 | −0.327% | $11K | $2K | 10x | as long as short |
| Binance SOONUSDT | +0.0668% | 4h | 0.1946 | −0.103% | $8.0M | $2.0M | 50x | as long as short |
| Extended SOON-USD | +0.0672% | 1h | 0.1946 | −0.079% | $6K | $188K | 5x | as long as short |
| OKX SOON-USDT-SWAPlong | +0.0686% | 4h | 0.1948 | long leg | $1.9M | $483K | 20x | |
| Gate SOON_USDT | +0.0888% | 4h | 0.1944 | −0.205% | $3.2M | $125K | 50x | as long as short |
| Bitget SOONUSDT | +0.0984% | 4h | 0.1942 | −0.308% | $9.1M | $271K | 25x | as long as short |
| Aster SOONUSDT | +0.1070% | 4h | 0.1943 | −0.257% | $189K | $3K | 5x | as long as short |
| Variational Omni SOON | +0.1462% | 4h | 0.1936 | −0.609% | $238K | $20K | — | as long as short |
| BingX SOON-USDT | +0.1892% | 4h | 0.1944 | −0.205% | — | $6.7M | — | as long as short |
KuCoin SOONUSDTM
Kraken Futures PF_SOONUSD
Binance SOONUSDT
Extended SOON-USD
Gate SOON_USDT
Bitget SOONUSDT
Aster SOONUSDT
Variational Omni SOON
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTshort | +0.1979% | 4h | 0.1936 | −0.616% | $2.5M | $1.2M | 25x |