Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.2108spotno funding——$688K1xBuy OKX Spot
SHORT0.2104−0.0255pay 0.0127% / 4h3h 45m$2.5M$6.0M50xShort OKX
Price gap−0.213%
Funding gap−0.0255% /8h

Both sides work against this pair now: funding costs $8 a day on $10k and the gap is 0.111% 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 forecast
Funding+$7−0.0255% /8h now · paid +0.066% over the last 7D
Price−$11spread −0.213% now, avg −0.102% → −0.111% if it goes back
Costs−$1611.612% of $10k · taker + slippage, in and out
Result−$166−1.66%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.066% in total, about +0.0032%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.213%
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

/8h

KAITO on 28 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size86.3 / 19.7 bp
    At $10k entering OKX Spot costs 86.3 bp, fee and slippage, 4.4× OKX’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; OKX runs at up to 50x. 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— / 4h
    The spot leg pays no funding; OKX settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$7.65Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$7.65.
  • Watch: Gap narrower than usual−0.213% vs −0.102%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$2.5M OI
    Only 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 Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0032%/8h × 21 periods+$6.64
Price spread−0.213% → −0.102% (7d avg)−$11.15
Slippage, 4 orderslive order books−$131.22
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$165.73
Costs to cover1.612%Break-even181.8 days
Slippage: OKX Spot: live order book, 15 min ago; OKX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot4.8086.3 bp−$86doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX2.3919.7 bp−$2079.0 bp−$790doesn’t fitdoesn’t fit

Closing costs about the same again.

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