Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.05906 | spot | no funding | — | — | $2.9M | 1x | Buy OKX Spot | |
| SHORT | 0.05894 | −0.0040 | pay 0.0020% / 4h | 3h 46m | $7.9M | $24.3M | 50x | Short OKX |
Price gap−0.212%
Funding gap−0.0040% /8h
Both sides work against this pair now: funding costs $1 a day on $10k and the gap is 0.134% 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 forecastFunding+$3−0.0040% /8h now · paid +0.033% over the last 7D
Price−$13spread −0.212% now, avg −0.078% → −0.134% if it goes back
Costs−$790.785% of $10k · taker + slippage, in and out
Result−$89−0.89%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.212%
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
/8hXPL on 34 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size34.5 / 15.4 bpAt $10k entering OKX Spot costs 34.5 bp, fee and slippage, 2.2× 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— / 4hThe spot leg pays no funding; OKX settles every 4h.Next 24h at the current rates, on $10k a leg: −$1.21Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$1.21.
- Watch: Gap narrower than usual−0.212% vs −0.078%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$7.9M 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+0.0016%/8h × 21 periods+$3.35
Price spread−0.212% → −0.078% (7d avg)−$13.38
Slippage, 4 orderslive order books−$48.55
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$88.58
Costs to cover0.785%Break-even192.1 days
Slippage: OKX Spot: live order book, 15 min ago; OKX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot1.7034.5 bp−$35167.7 bp−$1,677doesn’t fitdoesn’t fit
SELL · SHORTOKX0.8515.4 bp−$1543.9 bp−$439doesn’t fitdoesn’t fit
Closing costs about the same again.
Injective