Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,049.5 | +0.0335 | pay 0.1005% / 24h | 3h 06m | $77K | $1.2M | 4.5x | Long Kalshi | |
| SHORT | 1,051.1 | +0.0210 | get 0.0210% / 8h | 5h 06m | $935K | $650K | 50x | Short OKX |
Price gap+0.152%
Funding gap−0.0125% /8h
The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 48 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$15−0.0125% /8h now · paid +0.153% over the last 7D
Price+$7spread +0.152% now, avg +0.078% → +0.075% if it goes back
Costs−$360.360% of $10k · taker + slippage, in and out
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+0.152%
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
/8hXPD on 19 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Large against open interest5.0 / 13.8 bp$10k is over 10% of Kalshi’s open interest.
- Note: Margin at max leverage$2,181 + $200Kalshi 4.5x, OKX 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.75Long Kalshi: 1 payment, −$10.05; short OKX: 3 payments, +$6.30.
- OK: Entry gap works for you+0.152% vs +0.078%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$77K vs $935K OIKalshi sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKalshi Yes · OKX YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0073%/8h × 21 periods+$15.31
Price spread+0.152% → +0.078% (7d avg)+$7.48
Slippage, 4 orderslive order books−$25.48
Fee Kalshi bp × 2 orders−$0.48
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$13.16
Costs to cover0.360%Break-even13.0 days
Slippage: Kalshi: live order book, 3 min ago; OKX: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi2.865.0 bp−$511.4 bp−$114doesn’t fitdoesn’t fit
SELL · SHORTOKX1.9013.8 bp−$1467.5 bp−$675doesn’t fitdoesn’t fit
Closing costs about the same again.