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

AUCTION

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotAUCTION-USDT
2.9950spotno funding——$231K1xBuy OKX Spot
SHORT
OKXAUCTION-USDT-SWAP
2.9920+0.0100get 0.0050% / 4h2h 02m$768K$698K20xShort OKX
Price gap−0.100%
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+$15+0.0100% /8h now · paid +0.151% over the last 7D
Price−$2spread −0.100% now, avg −0.085% → −0.016% if it goes back
Costs−$2,53325.332% of $10k · taker + slippage, in and out
Result−$2,520−25.20%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.100%
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

AUCTION on 10 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size1393.9 / 33.9 bp
    At $10k entering OKX Spot costs 1393.9 bp, fee and slippage, 41.1× 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−0.100% vs −0.085%
    The price leg adds little either way.
  • Watch: Short leg is thin$768K 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+0.0072%/8h × 21 periods+$15.11
Price spread−0.100% → −0.085% (7d avg)−$1.56
Slippage, 4 orderslive order books−$2,503.24
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$2,519.68
Costs to cover25.332%Break-even1174.5 days
Slippage: OKX Spot: live order book, 56 min ago; OKX: live order book, 51 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot6.661393.9 bp−$1,394doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX5.0233.9 bp−$341876.5 bp−$18.8Kdoesn’t fitdoesn’t fit

Closing costs about the same again.

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