Settings8H · net · $10k
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Funding arb · Price arb / Crypto

ME

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotME-USDT
0.04612spotno funding——$105K1xBuy OKX Spot
SHORT
OKXME-USDT-SWAP
0.04603−0.0045pay 0.0022% / 4h2h 03m$260K$674K20xShort OKX
Price gap−0.195%
Funding gap−0.0045% /8h

Both sides work against this pair now: funding costs $1 a day on $10k and the gap is 0.033% 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+$5−0.0045% /8h now · paid +0.048% over the last 7D
Price−$3spread −0.195% now, avg −0.162% → −0.033% if it goes back
Costs−$1871.872% of $10k · taker + slippage, in and out
Result−$186−1.86%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.195%
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

ME on 12 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size78.7 / 22.1 bp
    At $10k entering OKX Spot costs 78.7 bp, fee and slippage, 3.6× OKX’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The 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— / 4h
    The spot leg pays no funding; OKX settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$1.34Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$1.34.
  • Watch: Gap narrower than usual−0.195% vs −0.162%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$260K OI
    OKX sets your exit cost. Check its book before closing.
  • 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+0.0023%/8h × 21 periods+$4.75
Price spread−0.195% → −0.162% (7d avg)−$3.30
Slippage, 4 orderslive order books−$157.20
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$185.75
Costs to cover1.872%Break-even280.5 days
Slippage: OKX Spot: live order book, 72 min ago; OKX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot13.8778.7 bp−$79doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX4.3322.1 bp−$22doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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