W

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0158%/8h= −17.3% APRnext payment −$0.79 per $10,000 · paid last 24h −0.030%

Price spread now: OKX against Bybit+0.154%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1291.294% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.154%, 7d avg +0.071%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.083% dearer against Bybit than usual: you sell high and buy low (spread +0.154% now, against its 7-day average of +0.071%): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.035% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit WUSDT	0.01168	0.0100	pay 0.0050% / 4h	2h 00m	$4.1M	$2.0M	50x
Short	OKX W-USDT-SWAP	0.01170	−0.0058	pay 0.0029% / 4h	2h 00m	$1.3M	$2.1M	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 +0.154%Rate

Funding earned: −$33.26
Price spread: +0.154% → +0.071%: $8.28
Slippage, 4 orders: −$108.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$154.35
Costs to cover: 1.294%
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	1.71 bp	33.6 bp −$34	207.7 bp −$2,077	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.86 bp	33.2 bp −$33	doesn't fit	doesn't fit	doesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0604%	1h	0.01171	+0.214%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAPshort	−0.0058%	4h	0.01170	+0.154%	$1.3M	$2.1M	20x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+3.510%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01171	+0.257%	$2.0M	$450K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01170	+0.192%	$2.9M	$7.1M	50x	as long as short
Bybit WUSDTlong	+0.0100%	4h	0.01168	long leg	$4.1M	$2.0M	50x
Gate W_USDT	+0.0100%	4h	0.01170	+0.171%	$444K	$301K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01170	+0.205%	$12.8M	$1.8M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01167	−0.086%	$414K	$217K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01171	+0.257%	$1.3M	$585K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01170	+0.128%	—	$6.9M	—	as long as short
Backpack W_USDC_PERP	+0.0100%	1h	0.01171	+0.283%	$44K	$47K	15x	as long as short
Variational Omni W	+0.0100%	4h	0.01169	+0.073%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01169	+0.088%	$122K	$409K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01170	+0.181%	$59K	$276K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0296%	1h	0.01178	+0.856%	$14K	$18K	50x	as long as short
Kraken Futures PF_WUSD	+0.0621%	1h	0.01173	+0.418%	$145K	$185K	20x	as long as short