Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3215 | spot | no funding | — | — | $758K | 1x | Buy OKX Spot | |
| SHORT | 0.3209 | +0.0100 | get 0.0100% / 8h | 7h 46m | $2.7M | $4.5M | 50x | Short OKX |
Price gap−0.171%
Funding gap+0.0100% /8h
Funding pays +$3 a day on $10k, but the gap is 0.061% under its 7d average: −$6 if it goes back, about 2.0 days of funding. At the last 7 days' pace that is about 8.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$5+0.0100% /8h now · paid +0.052% over the last 7D
Price−$6spread −0.171% now, avg −0.110% → −0.061% if it goes back
Costs−$840.843% of $10k · taker + slippage, in and out
Result−$85−0.85%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.171%
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
/8hLDO on 29 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size27.3 / 15.6 bpAt $10k entering OKX Spot costs 27.3 bp, fee and slippage, 1.8× OKX’s.
- Note: Spot in full, margin on the short$10,000 + $200The 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— / 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−0.171% vs −0.110%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$2.7M 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+0.0025%/8h × 21 periods+$5.17
Price spread−0.171% → −0.110% (7d avg)−$6.11
Slippage, 4 orderslive order books−$54.32
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$85.27
Costs to cover0.843%Break-even122.5 days
Slippage: OKX Spot: live order book, 14 min ago; OKX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot4.7527.3 bp−$27doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX1.5715.6 bp−$1676.0 bp−$760doesn’t fitdoesn’t fit
Closing costs about the same again.
Phemex