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

VIRTUAL

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotVIRTUAL-USDT
0.5584spotno funding——$1.0M1xBuy OKX Spot
SHORT
OKXVIRTUAL-USDT-SWAP
0.5578−0.0002pay 0.0001% / 4h3h 48m$2.2M$3.8M20xShort OKX
Price gap−0.107%
Funding gap−0.0002% /8h

Funding is ≈ 0 and the gap is 0.048% under its 7d average: the price leg works against you, −$5 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$4−0.0002% /8h now · paid +0.044% over the last 7D
Price−$5spread −0.107% now, avg −0.059% → −0.048% if it goes back
Costs−$850.849% of $10k · taker + slippage, in and out
Result−$85−0.85%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.107%
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

VIRTUAL on 33 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size31.3 / 15.8 bp
    At $10k entering OKX Spot costs 31.3 bp, fee and slippage, 2.0× 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: −$0.05Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$0.05.
  • Watch: Gap narrower than usual−0.107% vs −0.059%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$2.2M OI
    Only 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 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+0.0021%/8h × 21 periods+$4.42
Price spread−0.107% → −0.059% (7d avg)−$4.80
Slippage, 4 orderslive order books−$54.90
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$85.28
Costs to cover0.849%Break-even141.9 days
Slippage: OKX Spot: live order book, 12 min ago; OKX: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot1.8031.3 bp−$31doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX0.9015.8 bp−$1698.2 bp−$982doesn’t fitdoesn’t fit

Closing costs about the same again.

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