Settings8H · net · $10k
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Funding arb · Price arb / Crypto

2Z

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX Spot2Z-USDT
0.02112spotno funding——$365K1xBuy OKX Spot
SHORT
OKX2Z-USDT-SWAP
0.02109+0.0100get 0.0050% / 4h2h 02m$653K$1.6M20xShort OKX
Price gap−0.142%
Funding gap+0.0100% /8h

Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$18+0.0100% /8h now · paid +0.175% over the last 7D
Price+$1spread −0.142% now, avg −0.157% → +0.015% if it goes back
Costs−$2102.096% of $10k · taker + slippage, in and out
Result−$191−1.91%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.142%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

2Z on 15 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size76.9 / 24.4 bp
    At $10k entering OKX Spot costs 76.9 bp, fee and slippage, 3.1× OKX’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; OKX runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on OKX.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; OKX settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, +$3.00.
  • Note: Gap at its usual level−0.142% vs −0.157%
    The price leg adds little either way.
  • Watch: Short leg is thin$653K OI
    OKX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Spot Yes · OKX Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0084%/8h × 21 periods+$17.54
Price spread−0.142% → −0.157% (7d avg)+$1.47
Slippage, 4 orderslive order books−$179.56
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$190.55
Costs to cover2.096%Break-even83.0 days
Slippage: OKX Spot: live order book, 57 min ago; OKX: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot7.0876.9 bp−$77doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX4.7424.4 bp−$24doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

2Z news

posts that mention 2Z, from every exchange
10-01 06:30OKXContestICYMI: $2Z from @doublezero is now live on Flash Earn Lite. Subscribe in-app for a chance to share the 5,500,000 2Z prize pool. Get in before it's over ↓ @okx on X ↗