Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.009369 | spot | no funding | — | — | $989K | 1x | Buy OKX Spot | |
| SHORT | 0.009333 | −0.0263 | pay 0.0131% / 4h | 3h 46m | $1.3M | $2.4M | 20x | Short OKX |
Price gap−0.390%
Funding gap−0.0263% /8h
Both sides work against this pair now: funding costs $8 a day on $10k and the gap is 0.291% 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−$18−0.0263% /8h now · paid −0.182% over the last 7D
Price−$29spread −0.390% now, avg −0.098% → −0.291% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$47−0.47%no pointscosts unknown: book too thin at $10k ·
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.182% in total, about −0.0087%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.390%
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
/8hZK on 18 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than OKX Spot’s order book right now.
- Note: Spot in full, margin on the short$10,000 + $500The 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— / 4hThe spot leg pays no funding; OKX settles every 4h.Next 24h at the current rates, on $10k a leg: −$7.88Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$7.88.
- Watch: Gap narrower than usual−0.390% vs −0.098%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$1.3M 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−0.0087%/8h × 21 periods−$18.19
Price spread−0.390% → −0.098% (7d avg)−$29.12
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: OKX Spot: live order book, 14 min ago; OKX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot4.89doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX1.6225.4 bp−$25doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
ZK news
posts that mention ZK, from every exchange| 10-29 11:27 | Extended | Listing | Now available to trade: $BR, $BAT, ethereum:0x0a092e544da31150b439a1aaa1a3a2214a867f46 and $ERA (Bedrock, Basic Attention, Concrete and Caldera) with up to 5x leverage and $ZK (ZKsync) with up to 10x leverage @extendedapp on X ↗ |
| 10-28 17:38 | Extended | Listing | new market ZK-USD ($ZK) seen by our collector |
Extended