Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 39.380 | −0.1745 | get 0.0218% / 1h | 54m 55s | $1.5M | $1.6M | 10x | Long tradeXYZ | |
| SHORT | 39.775 | 0 | 0.0000% / 8h | 3h 54m | $149K | $696K | 20x | Short OKX |
Price gap+1.003%
Funding gap+0.1745% /8h
Funding pays +$52 a day on $10k, but the gap is 0.119% under its 7d average: −$12 if it goes back, about 5 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$11+0.1745% /8h now · paid −0.114% over the last 1 day (all we have)
Price−$12spread +1.003% now, avg +1.122% → −0.119% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$23−0.23%+ 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 above what this pair has been paying: over the last 1 day it paid −0.114% in total, about −0.0324%/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+1.003%
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- Watch: Thin at this size19.3 / 203.0 bpAt $10k entering OKX costs 203.0 bp, fee and slippage, 10.5× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $500tradeXYZ 10x, OKX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$52.35Long tradeXYZ: 24 payments, +$52.35; short OKX: 3 payments, $0.00.
- Watch: Gap narrower than usual+1.003% vs +1.122%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$149K vs $1.5M OIOKX sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCtradeXYZ No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0324%/8h × 21 periods−$68.13
Price spread+1.003% → +1.122% (7d avg)−$11.90
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee tradeXYZ bp × 2 orders−$1.80
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: tradeXYZ: live order book, 2 min ago; OKX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ8.8919.3 bp−$19doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX13.72203.0 bp−$203doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.