Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

OKTA

RWAAll OKTA markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKXOKTA-USDT-SWAP
205.60−0.0466get 0.0466% / 8h2h 29m$343K$33K10xLong OKX
SHORT
BingXNCSKOKTA2USD-USDT
205.60+0.0050get 0.0050% / 8h2h 29m$994K$1.2M—Short BingX
Price gap0.000%
Funding gap+0.0516% /8h

Funding trade: +$15 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$31+0.0516% /8h now · paid +0.309% over the last 7D
Price$0spread 0.000% now, avg +0.005% → −0.005% if it goes back
Costs−$4964.957% of $10k · taker + slippage, in and out
Result−$465−4.65%no pointsWhat 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 7 days it paid +0.309% in total, about +0.0147%/8h on average.

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now0.000%
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

OKTA on 6 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size75.4 / 131.8 bp
    At $10k entering BingX costs 131.8 bp, fee and slippage, 1.7× OKX’s.
  • Note: Margin at max leverage$1,000 + —
    OKX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$15.47Long OKX: 3 payments, +$13.97; short BingX: 3 payments, +$1.50.
  • Note: Gap at its usual level0.000% vs +0.005%
    The price leg adds little either way.
  • Watch: Long leg is thinner$343K vs $994K OI
    OKX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Yes · BingX 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+0.0147%/8h × 21 periods+$30.93
Price spread0.000% → +0.005% (7d avg)−$0.48
Slippage, 4 orderslive order books−$475.67
Fee OKX bp × 2 orders−$10.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$465.21
Costs to cover4.957%Break-even112.3 days
Slippage: OKX: live order book, 35 min ago; BingX: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX12.1075.4 bp−$75doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX22.27131.8 bp−$1321034.0 bp−$10.3K1301.2 bp−$130.1Kdoesn’t fit

Closing costs about the same again.

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