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CAP — funding rate on OKX
OKX · CAP-USDT-SWAP+0.005%per 4h · +0.001%/hshorts receive
last settlement+0.005%→upcoming payout+0.005%• unchanged
3:53:42settlement
0calmheat
Price (mark)
0.10043
-0.9% 24h
Vol 24h
$12.2M
Open interest
$6.1M
Price move in 2 min
—
avg 7d
+0.004%/h
avg 30d
+0.002%/h
Price and skew
Liquidations
24h$12K
$109 longs$12K shorts
Shorts were wiped — 99% of the total. Quiet over the last hour.
Event life curvePRO · free in beta
Across 4 closed events of this pair: a typical one lives 20h 48m, the peak usually lands at minute 297.5–302.5
median across 4 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 2 of 4 cases
median — 2.14% accrued against a 2.91% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.13 · $0.03/hour
- Net snipe per settlement
- $-3.88 = 0.005% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.03×needs 0.160%+ per settlement
- Liquidation price
- 0.120014 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (29)
before cut-off · 5m · the snipe window (29)
avg+0.32% | -0.79%
max-2.59%
after · 5m
avg+0.94% | -1.35%
max-6.42%
before cut-off · 15m
avg+0.88% | -1.17%
max-6.24%
after · 15m
avg+1.23% | -2.16%
max-7.51%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 15.09 14:00 | -0.086% | -0.88% | -0.75% |
| 15.09 12:00 | -0.182% | +0.05% | +1.79% |
| 15.09 10:00 | -0.316% | -1.85% | -3.89% |
| 15.09 08:00 | -0.207% | -0.26% | -1.03% |
| 15.09 06:00 | -0.369% | -1.02% | -1.22% |
Settlement profilePRO · free in beta
How this pair's price behaves around the payout — averaged over 29 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 510 settlements
CAP on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.013% / 4h | +0.003%/h | shorts | -0.147% |
| Bybit | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| Bitget | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
| OKX ← you are here | +0.005% / 4h | +0.001%/h | shorts | -0.155% |
Binance+0.003%/h
shortsrate +0.013% / 4hsnipe -0.147%
Bybit+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Bitget+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
OKX← you are here+0.001%/h
shortsrate +0.005% / 4hsnipe -0.155%
Max spread across exchanges: +0.002%/h
CAP across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
4 exchanges on one timeline
Binanceevery 4hOKXevery 4hBybitevery 4hBitgetevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0050%/h
widest spread
0.0166%/h
05.11 21:00 UTC · Binance ↔ Bitget
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.