Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: OKX against Bybit−0.090%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now −0.090%, 7d avg +0.048%

Together, before fees+0.179%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.138% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COSTUSDT	902.91	0	get 0.0000% / 8h	6h 14m	$490K	$93K	25x
Short	OKX COST-USDT-SWAP	902.10	0	get 0.0000% / 8h	6h 14m	$443K	$121K	10x

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 −0.090%Rate

Funding earned: $0
Price spread: −0.090% → +0.048%: −$13.79
Slippage, 4 orders: −$48.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$83.23
Costs to cover: 0.694%
Break-even: never at this rate

Slippage from Bybit: live order book, 32 min ago; OKX: live order book, 33 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, 32 min ago	4.21 bp	9.9 bp −$10	21.7 bp −$217	doesn't fit	doesn't fit
Sell OKX live order book, 33 min ago	6.25 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit

COST on 15 exchanges

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
Aster COSTUSDT	0.0000%	8h	902.61	−0.034%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.74	−0.019%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	902.91	long leg	$490K	$93K	25x
OKX COST-USDT-SWAPshort	0.0000%	8h	902.10	−0.090%	$443K	$121K	10x
Gate COST_USDT	0.0000%	8h	902.55	−0.040%	$522K	$9K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.31	−0.066%	$411K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.55	−0.040%	$40K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.90	−0.112%	$1K	$2.6M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.66	+0.194%	$10K	$41K	10x	as long as short
QFEX COST-USD	+0.0001%	1h	902.56	−0.039%	$1.1M	$2.3M	10x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.211%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	901.50	−0.156%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.17	−0.193%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	901.53	−0.153%	$1.8M	$521K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.40	−0.167%	$48K	$1.0M	20x	as long as short