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

MOVE

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotMOVE-USDT
0.005715spotno funding——$167K1xBuy OKX Spot
SHORT
OKXMOVE-USDT-SWAP
0.005707−0.0442pay 0.0221% / 4h2h 00m$340K$597K20xShort OKX
Price gap−0.140%
Funding gap−0.0442% /8h

Both sides work against this pair now: funding costs $13 a day on $10k and the gap is 0.024% 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+$7−0.0442% /8h now · paid +0.065% over the last 7D
Price−$2spread −0.140% now, avg −0.116% → −0.024% if it goes back
Costs−$3,00230.025% of $10k · taker + slippage, in and out
Result−$2,998−29.98%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.065% in total, about +0.0031%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.140%
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

MOVE on 13 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size2858.0 / 23.9 bp
    At $10k entering OKX Spot costs 2858.0 bp, fee and slippage, 119.3× 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: −$13.25Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$13.25.
  • Watch: Gap narrower than usual−0.140% vs −0.116%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thin$340K 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+0.0031%/8h × 21 periods+$6.51
Price spread−0.140% → −0.116% (7d avg)−$2.41
Slippage, 4 orderslive order books−$2,972.47
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$2,998.37
Costs to cover30.025%Break-even3232.0 days
Slippage: OKX Spot: live order book, 43 min ago; OKX: live order book, 8 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot8.702858.0 bp−$2,858doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX5.2423.9 bp−$24doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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