Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bybit−0.012%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.012%, 7d avg +0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USDCUSDT | 1.0001 | 0 | get 0.0000% / 8h | 1h 15m | $9.5M | $336K | 50x |
| Short | OKX USDC-USDT-SWAP | 1.0000 | 0 | get 0.0000% / 8h | 1h 15m | $1.1M | $45K | 50x |
Bybit USDCUSDT
OKX USDC-USDT-SWAPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.012% → +0.013%
- −$2.53
- Slippage, 4 orders
- −$2.15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$25.69
- Costs to cover
- 0.232%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 1 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, 2 min ago | 0.50 bp | 6.0 bp −$6 | 6.8 bp −$68 | 421.1 bp −$42.1K | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.00 bp | 5.5 bp −$5 | 7.8 bp −$78 | doesn't fit | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0111% | 8h | 0.9994 | −0.066% | $4.3M | $3.6M | 50x | as long as short |
| MEXC USDC_USDT | −0.0110% | 8h | 0.9994 | −0.066% | $16.6M | $268K | 200x | as long as short |
| Bitget USDCUSDT | −0.0090% | 8h | 0.9993 | −0.080% | $4.3M | $17K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0045% | 1h | 0.9997 | −0.035% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0014% | 8h | 0.9994 | −0.070% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDTlong | 0.0000% | 8h | 1.0001 | long leg | $9.5M | $336K | 50x | |
| OKX USDC-USDT-SWAPshort | 0.0000% | 8h | 1.0000 | −0.012% | $1.1M | $45K | 50x | |
| Gate USDC_USDT | +0.0100% | 8h | 0.9996 | −0.050% | $253K | $19K | 50x | as long as short |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
Gate USDC_USDT