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FWDI — funding rate on OKX
OKX · FWDI-USDT-SWAP+0.049%per 8h · +0.006%/hshorts receive
last settlement+0.058%→upcoming payout+0.049%• unchanged
7:44:45settlement
0calmheat
Price (mark)
5.631
-0.9% 24h
Vol 24h
$97K
Open interest
$103K
Price move in 2 min
—
avg 7d
-0.001%/h
avg 30d
-0.002%/h
Price and skew
Liquidations
24h$6
$6 longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $1.22 · $0.15/hour
- Net snipe per settlement
- $-2.78 = 0.049% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.31×needs 0.160%+ per settlement
- Liquidation price
- 6.729 (+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 (2)
before cut-off · 5m · the snipe window (2)
avg-0.37%
max-0.50%
after · 5m
avg-0.41%
max-0.51%
before cut-off · 15m
avg-0.15%
max-0.25%
after · 15m
avg-1.05%
max-1.33%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 07.08 08:00 | -1.000% | -0.05% | -1.33% |
| 28.07 08:00 | +0.490% | -0.25% | -0.76% |
Context and comparison
Funding history · 243 settlements
FWDI on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bitget | -0.182% / 8h | -0.023%/h | longs | +0.022% |
| OKX ← you are here | +0.049% / 8h | +0.006%/h | shorts | -0.111% |
| Binance | +0.038% / 8h | +0.005%/h | shorts | -0.122% |
| Bybit | 0.000% / 8h | 0.000%/h | shorts | -0.160% |
Bitget-0.023%/h
longsrate -0.182% / 8hsnipe +0.022%
OKX← you are here+0.006%/h
shortsrate +0.049% / 8hsnipe -0.111%
Binance+0.005%/h
shortsrate +0.038% / 8hsnipe -0.122%
Bybit0.000%/h
shortsrate 0.000% / 8hsnipe -0.160%
Max spread across exchanges: +0.029%/h
FWDI across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
OKXevery 8hBinanceevery 8hBybitevery 8hBitgetevery 8hrate 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
0.0052%/h
widest spread
0.0340%/h
03.11 17:00 UTC · OKX ↔ 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.