Funding arb · Price arb / Crypto
BASED
All BASED markets →
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04375 | spot | no funding | — | — | $680K | 1x | Buy OKX Spot | |
| SHORT | 0.04367 | −0.0034 | pay 0.0017% / 4h | 3h 44m | $1.8M | $3.0M | 20x | Short OKX |
Price gap−0.183%
Funding gap−0.0034% /8h
Both sides work against this pair now: funding costs $1 a day on $10k and the gap is 0.096% 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+$15−0.0034% /8h now · paid +0.150% over the last 7D
Price−$10spread −0.183% now, avg −0.087% → −0.096% if it goes back
Costs−$1691.690% of $10k · taker + slippage, in and out
Result−$164−1.64%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.183%
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
/8hBASED on 16 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size59.4 / 20.1 bpAt $10k entering OKX Spot costs 59.4 bp, fee and slippage, 3.0× 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: −$1.01Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$1.01.
- Watch: Gap narrower than usual−0.183% vs −0.087%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.8M 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+0.0072%/8h × 21 periods+$15.04
Price spread−0.183% → −0.087% (7d avg)−$9.55
Slippage, 4 orderslive order books−$139.00
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$163.51
Costs to cover1.690%Break-even83.1 days
Slippage: OKX Spot: live order book, 16 min ago; OKX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot4.6159.4 bp−$592468.9 bp−$24.7Kdoesn’t fitdoesn’t fit
SELL · SHORTOKX2.2920.1 bp−$20doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.