Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.014%
Price spread now: Injective against OKX+1.009%88s7-day average −0.433% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.393%−$39 on $10k
+Price spread, last 4 days (all we have)−0.889%−$89 · spread now +1.009%, 7d avg −0.433%
=The price spread pays, funding is against you. Injective is 1.441% dearer against OKX than usual: you sell high and buy low (spread +1.009% now, against its 7-day average of −0.433%): +$144 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.393% in total) that is about 26 days. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OKB-USDT-SWAP | 121.95 | 0.0100 | pay 0.0050% / 4h | 3h 41m | $30.0M | $48.0M | 20x |
| Short | Injective OKB/USDC PERP | 123.18 | 0.0033 | get 0.0004% / 1h | 41m 49s | $25 | $302K | 5.5x |
OKX OKB-USDT-SWAP
Injective OKB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +1.009% → −0.433%
- $144.12
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $120.1
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 2 min ago | 0.82 bp | 8.1 bp −$8 | 22.5 bp −$225 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
OKB on 10 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OKBUSDT | −0.3979% | 1h | 121.00 | −0.779% | $50K | $40K | 5x | as long as short |
| Injective OKB/USDC PERPshort | +0.0033% | 1h | 123.18 | +1.009% | $25 | $302K | 5.5x | |
| BingX OKB-USDT | +0.0036% | 4h | 122.01 | +0.049% | — | $2.8M | — | as long as short |
| Bybit OKBUSDT | +0.0100% | 4h | 122.04 | +0.074% | $2.5M | $1.1M | 25x | as long as short |
| OKX OKB-USDT-SWAPlong | +0.0100% | 4h | 121.95 | long leg | $30.0M | $48.0M | 20x | |
| Gate OKB_USDT | +0.0100% | 8h | 121.98 | +0.025% | $1.5M | $652K | 25x | as long as short |
| MEXC OKB_USDT | +0.0100% | 4h | 121.99 | +0.033% | $1.0M | $479K | 25x | as long as short |
| Variational Omni OKB | +0.0100% | 4h | 122.39 | +0.365% | $56K | $29K | — | as long as short |
| HTX OKB-USDT | +0.0100% | 8h | 122.31 | +0.295% | $66K | $330K | 10x | as long as short |
| GMX OKB/USD [ETH-USDC] | L +0.0270% / S −0.0266% | 1h | 122.01 | +0.049% | $3K | — | 100x | as long as short |
Aster OKBUSDT
BingX OKB-USDT
Bybit OKBUSDT
Gate OKB_USDT
MEXC OKB_USDT
Variational Omni OKB
HTX OKB-USDT
GMX OKB/USD [ETH-USDC]