Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 22.505 | +0.0610 | pay 0.0610% / 8h | 3h 47m | $79K | $3K | 20x | Long Variational Omni+15% pts | |
| SHORT | 22.545 | +0.0521 | get 0.0521% / 8h | 3h 47m | $89K | $228K | 20x | Short OKX |
Price gap+0.180%
Funding gap−0.0089% /8h
The gap pays +$18 on $10k if it goes back to zero (no 7-day history yet), but funding costs $3 a day and eats that in about 6.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$28−0.0089% /8h now · paid −0.278% over the last 7D
Price—spread +0.180% now · no price history on both exchanges yet
Costs−$3403.401% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
OKX price against Variational Omninow
RANGE STATS · 7D
Now+0.180%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hKSTR on 13 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size77.5 / 78.3 bpAt $10k entering OKX costs 78.3 bp, fee and slippage, 1.0× Variational Omni’s.
- Note: Margin at max leverage$500 + $500Variational Omni 20x, OKX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$2.68Long Variational Omni: 3 payments, −$18.30; short OKX: 3 payments, +$15.62.
- Note: No 7-day spread history+0.180%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$79K vs $89K OIVariational Omni sets your exit cost. Check its book before closing.
- OK: Points on a legVariational Omni pointsVolume here counts toward the points program.
- Watch: KYCVariational Omni No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0136%/8h × 21 periods−$28.47
Price spread+0.180% → 0+$17.98
Slippage, 4 orderslive order books−$330.11
Fee Variational Omni bp × 2 orders$0.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$350.61
Costs to cover3.401%Break-evennever at this rate
Slippage: Variational Omni: RFQ quote, 47 min ago; OKX: live order book, 43 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGVariational Omni8.9977.5 bp−$77139.5 bp−$1,395doesn’t fitdoesn’t fit
SELL · SHORTOKX9.5378.3 bp−$78doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.