Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against OKX−0.051%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now −0.051%, 7d avg +0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.058% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX COIN-USDT-SWAP | 195.10 | 0 | get 0.0000% / 8h | 2h 25m | $3.0M | $4.7M | 20x |
| Short | Bybit COINUSDT | 195.00 | 0 | get 0.0000% / 8h | 2h 25m | $4.7M | $6.2M | 50x |
OKX COIN-USDT-SWAP
Bybit COINUSDTFunding 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
- $0
- Price spread: −0.051% → +0.007%
- −$5.83
- Slippage, 4 orders
- −$23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$49.83
- Costs to cover
- 0.440%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 1.79 bp | 10.1 bp −$10 | 21.8 bp −$218 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.02 bp | 10.9 bp −$11 | 28.5 bp −$285 | 159.5 bp −$15.9K | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0838% | 8h | 195.29 | +0.097% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.33 | +0.118% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0133% | 8h | 195.10 | 0.000% | $1.2M | $7.4M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0113% | 1h | 194.41 | −0.354% | — | $289K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.11 | +0.004% | $340K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.04 | −0.029% | $113K | $852K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.07 | −0.015% | $14.6M | $81.2M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 195.00 | −0.051% | $4.7M | $6.2M | 50x | |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 195.10 | long leg | $3.0M | $4.7M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 195.11 | +0.007% | $708K | $962K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.58 | +0.248% | $15K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 194.94 | −0.082% | $455K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 194.99 | −0.056% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.41 | +0.159% | $15K | $55K | 5x | as long as short |
| edgeX COINUSDC | +0.0040% | 4h | 195.54 | +0.224% | $50K | $294K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 194.84 | −0.133% | $15.1M | $13.8M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.00 | −0.051% | $131K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.07 | −0.015% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 194.92 | −0.092% | $363K | $2.8M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.57 | +0.241% | $4K | $283K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 194.96 | −0.072% | $982K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.24 | +0.072% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.09 | −0.005% | $564 | $4K | 10x | as long as short |
| Lighter COIN | +0.0104% | 1h | 194.95 | −0.076% | $354K | $2.2M | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.04 | −0.032% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.09 | −0.005% | $187K | $417K | 20x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
edgeX COINUSDC
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Lighter COIN
Aevo COIN-PERP
BloFin COIN-USDT