Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04308 | spot | no funding | — | — | $750K | 1x | Buy OKX Spot | |
| SHORT | 0.04290 | +0.0100 | get 0.0100% / 8h | 7h 43m | $1.8M | $2.8M | 20x | Short OKX |
Price gap−0.429%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.373% under its 7d average: −$37 if it goes back, about 12 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$12+0.0100% /8h now · paid +0.116% over the last 7D
Price−$37spread −0.429% now, avg −0.057% → −0.373% if it goes back
Costs−$1261.262% of $10k · taker + slippage, in and out
Result−$152−1.52%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.429%
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
/8hCFX on 15 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size65.0 / 19.7 bpAt $10k entering OKX Spot costs 65.0 bp, fee and slippage, 3.3× 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— / 8hThe spot leg pays no funding; OKX settles every 8h.Next 24h at the current rates, on $10k a leg: +$3.00Long OKX Spot: 0 payments, $0.00; short OKX: 3 payments, +$3.00.
- Watch: Gap narrower than usual−0.429% vs −0.057%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+0.0055%/8h × 21 periods+$11.64
Price spread−0.429% → −0.057% (7d avg)−$37.26
Slippage, 4 orderslive order books−$96.24
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$151.86
Costs to cover1.262%Break-even98.3 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 Spot3.5365.0 bp−$65doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX1.1619.7 bp−$2040.6 bp−$406doesn’t fitdoesn’t fit
Closing costs about the same again.
