Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1162 | spot | no funding | — | — | $559K | 1x | Buy OKX Spot | |
| SHORT | 0.1153 | −0.0797 | pay 0.0398% / 4h | 3h 43m | $837K | $2.4M | 20x | Short OKX |
Price gap−0.817%
Funding gap−0.0797% /8h
Both sides work against this pair now: funding costs $24 a day on $10k and the gap is 0.637% 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−$13−0.0797% /8h now · paid −0.131% over the last 7D
Price−$64spread −0.817% now, avg −0.180% → −0.637% if it goes back
Costs−$1,89918.986% of $10k · taker + slippage, in and out
Result−$1,975−19.75%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.131% in total, about −0.0062%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.817%
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
/8hBERA on 23 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size1795.4 / 16.6 bpAt $10k entering OKX Spot costs 1795.4 bp, fee and slippage, 108.5× 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: −$23.90Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$23.90.
- Watch: Gap narrower than usual−0.817% vs −0.180%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thin$837K OIOKX sets your exit cost. Check its book before closing.
- 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−0.0062%/8h × 21 periods−$13.08
Price spread−0.817% → −0.180% (7d avg)−$63.73
Slippage, 4 orderslive order books−$1,868.56
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$1,975.38
Costs to cover18.986%Break-evennever at this rate
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 Spot13.071795.4 bp−$1,795doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX8.6616.6 bp−$1792.9 bp−$929doesn’t fitdoesn’t fit
Closing costs about the same again.
TxFlow