Funding you earn now, next payment 08:00 UTC−0.0454%/8h= −49.7% APRnext payment −$4.54 per $10,000 · paid last 24h −0.041%
Price spread now: Bybit against OKX+0.021%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$520.520% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days−0.045%−$4 · spread now +0.021%, 7d avg −0.034%
=The price spread pays, funding is against you. Bybit is 0.055% dearer against OKX than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.034%): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.058% in total) that is about 6.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX DELL-USDT-SWAP | 577.62 | 0.0457 | pay 0.0457% / 8h | 5h 03m | $5.8M | $6.6M | 20x |
| Short | Bybit DELLUSDT | 577.74 | 0.0003 | get 0.0003% / 8h | 5h 03m | $6.1M | $3.9M | 50x |
OKX DELL-USDT-SWAP
Bybit DELLUSDTFunding 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
- −$95.34
- Price spread: +0.021% → −0.034%
- $5.49
- Slippage, 4 orders
- −$31.01
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$141.86
- Costs to cover
- 0.520%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 1.56 bp | 13.2 bp −$13 | 59.8 bp −$598 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.08 bp | 13.2 bp −$13 | 80.4 bp −$804 | doesn't fit | doesn't fit |
DELL on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DELLUSDT | 0.0000% | 8h | 577.16 | −0.079% | $21K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 577.67 | +0.009% | $4.1M | $7.3M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 577.62 | 0.000% | $3.6M | $4.6M | 20x | as long as short |
| Bybit DELLUSDTshort | +0.0003% | 8h | 577.74 | +0.021% | $6.1M | $3.9M | 50x | |
| Lighter DELL | +0.0032% | 1h | 578.09 | +0.081% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −1.030% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELL | +0.0050% | 1h | 577.22 | −0.069% | $7.5M | $7.0M | 10x | as long as short |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 577.61 | −0.002% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 577.43 | −0.033% | $946K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 578.37 | +0.130% | $3K | $336 | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
tradeXYZ xyz:DELL
Polymarket Perps DELL-USD
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythosShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX DELL-USDT | +0.0100% | 8h | 578.00 | +0.066% | $17K | $58K | 10x | as long as short |
| OKX DELL-USDT-SWAPlong | +0.0457% | 8h | 577.62 | long leg | $5.8M | $6.6M | 20x | |
| GRVT DELL_USDT_Perp | +0.0489% | 8h | 578.02 | +0.070% | $936 | $152K | 10x | as long as short |
| Variational Omni DELL | +0.0513% | 8h | 577.78 | +0.028% | $264K | $86K | — | as long as short |
| BloFin DELL-USDT | +0.0606% | 8h | 577.96 | +0.059% | $275K | $221K | 20x | as long as short |
| Binance DELLUSDT | +0.0614% | 8h | 577.87 | +0.043% | $18.8M | $64.9M | 20x | as long as short |
| Extended DELL-USD | +0.0616% | 1h | 577.72 | +0.018% | $335K | $1.2M | 10x | as long as short |
| Nado DELL-PERP | +0.0677% | 1h | 577.19 | −0.075% | $69K | $18K | 10x | as long as short |
| Phoenix DELL | +0.0723% | 1h | 577.98 | +0.062% | $3K | $258K | 10x | as long as short |
| edgeX DELLUSDC | +0.0846% | 4h | 577.90 | +0.049% | $5K | $334K | 10x | as long as short |
HTX DELL-USDT
GRVT DELL_USDT_Perp
Variational Omni DELL
BloFin DELL-USDT
Binance DELLUSDT
Extended DELL-USD
Nado DELL-PERP
Phoenix DELL
edgeX DELLUSDC