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

ZRX

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotZRX-USDT
0.09112spotno funding——$21K1xBuy OKX Spot
SHORT
OKXZRX-USDT-SWAP
0.09101−0.0675pay 0.0337% / 4h2h 02m$334K$199K10xShort OKX
Price gap−0.121%
Funding gap−0.0675% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $20 a day and eats that in about 5 hours. At the last 7 days' pace that is about 27 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$24−0.0675% /8h now · paid −0.235% over the last 7D
Price+$4spread −0.121% now, avg −0.159% → +0.038% if it goes back
Costsno datano order book for OKX Spot
Result, before costs−$20−0.20%no pointscosts unknown: no order book for OKX Spot ·

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.235% in total, about −0.0112%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.121%
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

ZRX on 10 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for OKX Spot: its slippage is not counted.
  • Note: Spot in full, margin on the short$10,000 + $1,000
    The spot leg is bought with the whole $10k; OKX runs at up to 10x. 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: −$20.24Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, −$20.24.
  • OK: Entry gap works for you−0.121% vs −0.159%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thin$334K 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−0.0112%/8h × 21 periods−$23.52
Price spread−0.121% → −0.159% (7d avg)+$3.80
Slippage, 4 ordersno data for OKX Spot—
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net, fees only · 7 days · $10k−$49.72
Costs to cover0.300%Break-evennever at this rate
Slippage: OKX Spot: no order-book sample; OKX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot—————
SELL · SHORTOKX4.9342.8 bp−$43doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
OKX Spot: no data.

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