Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1025 | spot | no funding | — | — | $3.1M | 1x | Buy OKX Spot | |
| SHORT | 0.1027 | −0.0083 | pay 0.0083% / 8h | 7h 43m | $3.8M | $11.7M | 50x | Short OKX |
Price gap+0.205%
Funding gap−0.0083% /8h
The gap pays +$26 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 11 days. At the last 7 days' pace that is about years.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0083% /8h now · paid −0.001% over the last 7D
Price+$26spread +0.205% now, avg −0.060% → +0.265% if it goes back
Costs−$700.699% of $10k · taker + slippage, in and out
Result−$43−0.43%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.205%
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
/8hOP on 29 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size25.4 / 9.9 bpAt $10k entering OKX Spot costs 25.4 bp, fee and slippage, 2.6× 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: −$2.48Long OKX Spot: 0 payments, $0.00; short OKX: 3 payments, −$2.48.
- OK: Entry gap works for you+0.205% vs −0.060%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$3.8M 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−0.0001%/8h × 21 periods−$0.11
Price spread+0.205% → −0.060% (7d avg)+$26.49
Slippage, 4 orderslive order books−$39.86
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$43.48
Costs to cover0.699%Break-evennever at this rate
Slippage: OKX Spot: live order book, 3 min ago; OKX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot0.9725.4 bp−$25158.8 bp−$1,588doesn’t fitdoesn’t fit
SELL · SHORTOKX0.979.9 bp−$1037.0 bp−$370doesn’t fitdoesn’t fit
Closing costs about the same again.
OP news
posts that mention OP, from every exchange| 10-14 12:02 | Phemex | Other | $OP got the first move. Now comes the harder part. Is capital rotating back into L2s, or is this a sharp bounce from beaten-down levels? Price is the headline. Follow-through is the test. Which side are you watching?👇 @Phemex_official on X ↗ |
Phemex