Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.03829 | spot | no funding | — | — | $620K | 1x | Buy OKX Spot | |
| SHORT | 0.03822 | −0.0278 | pay 0.0139% / 4h | 3h 48m | $1.9M | $4.1M | 20x | Short OKX |
Price gap−0.196%
Funding gap−0.0278% /8h
Both sides work against this pair now: funding costs $8 a day on $10k and the gap is 0.089% 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−$25−0.0278% /8h now · paid −0.254% over the last 7D
Price−$9spread −0.196% now, avg −0.106% → −0.089% if it goes back
Costs−$1051.053% of $10k · taker + slippage, in and out
Result−$140−1.40%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.196%
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
/8hCHIP on 24 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size30.2 / 21.3 bpAt $10k entering OKX Spot costs 30.2 bp, fee and slippage, 1.4× 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: −$8.34Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$8.34.
- Watch: Gap narrower than usual−0.196% vs −0.106%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.9M 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−0.0121%/8h × 21 periods−$25.39
Price spread−0.196% → −0.106% (7d avg)−$8.94
Slippage, 4 orderslive order books−$75.33
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$139.67
Costs to cover1.053%Break-evennever at this rate
Slippage: OKX Spot: live order book, 12 min ago; OKX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot7.8830.2 bp−$30113.6 bp−$1,136doesn’t fitdoesn’t fit
SELL · SHORTOKX1.3121.3 bp−$2187.1 bp−$871doesn’t fitdoesn’t fit
Closing costs about the same again.
CHIP news
posts that mention CHIP, from every exchange| 10-30 13:38 | RISEx | Other | Trade them here: $EWZ: $CHIP: @risextrade on X ↗ |
| 10-30 13:38 | RISEx | Listing | Two new markets on RISEx: $EWZ, the iShares MSCI Brazil ETF, at 20x. Most crypto traders barely had a way to trade Brazil $CHIP, the token of the protocol that lends against GPUs, at 5x. It is the AI debt trade onchain @risextrade on X ↗ |
| 10-28 10:42 | TxFlow | Listing | At the community’s request, TxFlow has listed $CHIP. a DeFi protocol that finances AI infrastructure using GPU hardware as onchain collateral, now available with up to 50x leverage. @TxFlow_L1 on X ↗ |
| 10-28 09:24 | RISEx | Listing | new market CHIP/USDC ($CHIP) seen by our collector |
| 10-26 09:17 | TxFlow | Listing | new market CHIP-USDC ($CHIP) seen by our collector |
RISEx
TxFlow