Funding arb · Price arb / Crypto
LAYER
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.05281 | spot | no funding | — | — | $34K | 1x | Buy OKX Spot | |
| SHORT | 0.05257 | −0.0409 | pay 0.0204% / 4h | 2h 00m | $258K | $323K | 20x | Short OKX |
Price gap−0.445%
Funding gap−0.0409% /8h
Both sides work against this pair now: funding costs $12 a day on $10k and the gap is 0.233% 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+$1−0.0409% /8h now · paid +0.012% over the last 7D
Price−$23spread −0.445% now, avg −0.212% → −0.233% if it goes back
Costsno datano order book for OKX Spot
Result, before costs−$22−0.22%no pointscosts unknown: no order book for OKX Spot ·
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.012% in total, about +0.0006%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.445%
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
/8hLAYER on 13 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for OKX Spot: its slippage is not counted.
- 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: −$12.26Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$12.26.
- Watch: Gap narrower than usual−0.445% vs −0.212%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thin$258K 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+0.0006%/8h × 21 periods+$1.24
Price spread−0.445% → −0.212% (7d avg)−$23.29
Slippage, 4 ordersno data for OKX Spot—
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$52.05
Costs to cover0.300%Break-even300.7 days
Slippage: OKX Spot: no order-book sample; OKX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot—————
SELL · SHORTOKX4.7426.9 bp−$27doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
OKX Spot: no data.