Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 39.536 | 0 | 0.0000% / 8h | 3h 03m | $161K | $739K | 20x | Long OKX | |
| SHORT | 39.077 | −0.1792 | pay 0.0224% / 1h | 3m 01s | $1.4M | $1.6M | 10x | Short tradeXYZ |
Price gap−1.161%
Funding gap−0.1792% /8h
Both sides work against this direction now: funding costs $54 a day on $10k and the gap is 0.056% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10−0.1792% /8h now · paid +0.097% over the last 1 day (all we have)
Price−$6spread −1.161% now, avg −1.105% → −0.056% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$4+0.04%+ Points / potential airdroptradeXYZ: points · farm boardcosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 1 day it paid +0.097% in total, about +0.0267%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−1.161%
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
/8hGIGADEV on 8 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than OKX’s order book right now.
- Note: Margin at max leverage$500 + $1,000OKX 20x, tradeXYZ 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$53.76Long OKX: 3 payments, $0.00; short tradeXYZ: 24 payments, −$53.76.
- Watch: Gap narrower than usual−1.161% vs −1.105%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$161K vs $1.4M OIOKX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCOKX Yes · tradeXYZ NoAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0267%/8h × 21 periods+$56.03
Price spread−1.161% → −1.105% (7d avg)−$5.55
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee OKX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: OKX: live order book, 57 min ago; tradeXYZ: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX13.72doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ21.1193.3 bp−$93279.2 bp−$2,792doesn’t fitdoesn’t fit
Closing costs about the same again.