BX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.92 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit−0.103%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$347as in the Funding arb table

Net, price: spread back to 7d avg − costs−$366as in the Price arb table

costs, in and out, $10k−$3543.541% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.103%, 7d avg +0.019%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.121% cheaper against Bybit than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.019%). If the spread goes back, that is −$12 on $10k: about 4.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.074% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BXUSDT	126.50	0	get 0.0000% / 8h	1h 23m	$499K	$856K	25x
Short	OKX BX-USDT-SWAP	126.37	0.0092	get 0.0092% / 8h	1h 23m	$159K	$101K	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 −0.103%Rate

Funding earned: $19.22
Price spread: −0.103% → +0.019%: −$12.13
Slippage, 4 orders: −$333.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$347.02
Costs to cover: 3.541%
Break-even: 133.4 days

Slippage from Bybit: live order book, 56 min ago; OKX: live order book, 56 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, 56 min ago	2.37 bp	92.8 bp −$93	220.3 bp −$2,203	doesn't fit	doesn't fit
Sell OKX live order book, 56 min ago	9.89 bp	103.8 bp −$104	doesn't fit	doesn't fit	doesn't fit

BX on 14 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
QFEX BX-USD	−0.0080%	1h	131.43	+3.897%	$1.1M	$1.3M	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.24	−0.206%	$5K	$2K	20x	as long as short
Bybit BXUSDTlong	0.0000%	8h	126.50	long leg	$499K	$856K	25x
Gate BX_USDT	0.0000%	8h	126.65	+0.119%	$425K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.52	+0.016%	$903K	$46K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.49	−0.008%	$586	$302K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.58	+0.063%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAPshort	+0.0092%	8h	126.37	−0.103%	$159K	$101K	20x
Injective BX/USDC PERP	+0.0220%	1h	126.28	−0.174%	$963	$27K	12x	as long as short
tradeXYZ xyz:BX	+0.0527%	1h	126.45	−0.040%	$663K	$180K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0726%	8h	126.37	−0.103%	$112K	$1.1M	20x	as long as short
Variational Omni BX	+0.0751%	8h	126.49	−0.009%	$31K	$127	—	as long as short
Binance BXUSDT	+0.1044%	8h	126.48	−0.016%	$804K	$454K	20x	as long as short
GRVT BX_USDT_Perp	+0.1881%	8h	126.55	+0.040%	$432	$127K	10x	as long as short