Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 81.564 | 0 | 0.0000% / 8h | 3h 54m | $74K | $31K | 20x | Long OKX | |
| SHORT | 81.400 | −0.0214 | pay 0.0027% / 1h | 54m 17s | $5.5M | $415K | 20x | Short tradeXYZ |
Price gap−0.201%
Funding gap−0.0214% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.201% under zero (no 7-day history yet). Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$33−0.0214% /8h now · paid +0.333% over the last 7D
Price—spread −0.201% now · no price history on both exchanges yet
Costsno datano order book for OKX
Result, before costs—+ Points / potential airdroptradeXYZ: points · farm boardneeds both price histories
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−0.201%
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
/8hTLT on 13 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Note: Order book unknown—No order-book sample for OKX: its slippage is not counted.
- Note: Margin at max leverage$500 + $500OKX 20x, tradeXYZ 20x. 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: −$6.41Long OKX: 3 payments, $0.00; short tradeXYZ: 24 payments, −$6.41.
- Note: No 7-day spread history−0.201%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$74K vs $5.5M 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+0.0158%/8h × 21 periods+$33.27
Price spread−0.201% → 0−$20.11
Slippage, 4 ordersno data for OKX—
Fee OKX bp × 2 orders−$10.00
Fee tradeXYZ bp × 2 orders−$1.80
Net, fees only · 7 days · $10k+$1.37
Costs to cover0.118%Break-even6.7 days
Slippage: OKX: no order-book sample; tradeXYZ: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX—————
SELL · SHORTtradeXYZ2.216.4 bp−$621.1 bp−$211doesn’t fitdoesn’t fit
Closing costs about the same again.
OKX: no data.
| 10-21 18:18 | Markets by Kinetiq | Other | Short tail HIP-3 offerings include US500, USTECH, TLT, IWM @Markets_xyz on X ↗ |
| 10-14 09:44 | OKX | Listing | new market TLT-USDT-SWAP ($TLT) seen by our collector |
| 10-13 18:55 | Phoenix | Listing | Now live on Phoenix: $TLT - 20x leverage $IBM - 10x leverage $TXN - 5x leverage $ORCA - 5x leverage @PhoenixTrade on X ↗ |
| 10-13 17:00 | Phoenix | Listing | new market TLT ($TLT) seen by our collector |
| 10-10 22:30 | Kalshi | Other | BREAKING: Treasury bond $TLT call option volume soars to the highest level in history as traders bet on yields coming down @Kalshi on X ↗ |
| 10-04 16:30 | Kalshi | Other | BREAKING: Retail investors are buying the TLT dip at a record pace as the bond ETF sinks 55% below its 2020 peak @Kalshi on X ↗ |


Phoenix
Kalshi