Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.8265 | spot | no funding | — | — | $268K | 1x | Buy OKX Spot | |
| SHORT | 0.8247 | −0.0218 | pay 0.0109% / 4h | 3h 39m | $1.1M | $1.4M | 20x | Short OKX |
Price gap−0.212%
Funding gap−0.0218% /8h
Both sides work against this pair now: funding costs $7 a day on $10k and the gap is 0.102% under its 7d average. Spot cannot be shorted here, so there is no reverse.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$6−0.0218% /8h now · paid −0.058% over the last 7D
Price−$10spread −0.212% now, avg −0.110% → −0.102% if it goes back
Costs−$5405.402% of $10k · taker + slippage, in and out
Result−$556−5.56%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.058% in total, about −0.0028%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.212%
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
/8hAXS on 19 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size383.7 / 17.9 bpAt $10k entering OKX Spot costs 383.7 bp, fee and slippage, 21.5× OKX’s.
- Note: Spot in full, margin on the short$10,000 + $500The 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— / 4hThe spot leg pays no funding; OKX settles every 4h.Next 24h at the current rates, on $10k a leg: −$6.53Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$6.53.
- Watch: Gap narrower than usual−0.212% vs −0.110%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.1M OIOnly OKX reports one; the spot book's depth is in the cost check above.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCOKX Spot Yes · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0028%/8h × 21 periods−$5.83
Price spread−0.212% → −0.110% (7d avg)−$10.15
Slippage, 4 orderslive order books−$510.17
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$556.15
Costs to cover5.402%Break-evennever at this rate
Slippage: OKX Spot: live order book, 20 min ago; OKX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot3.70383.7 bp−$384doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX2.4317.9 bp−$18doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
AXS news
posts that mention AXS, from every exchange| 10-05 02:16 | SoDEX | Other | 📊 SoDEX 24h Movers | Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗ |
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