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SOFTBANK — funding rate on OKX
OKX · SOFTBANK-USDT-SWAP+0.268%per 8h · +0.034%/hshorts receive
last settlement+0.046%→upcoming payout+0.268%▲ heating up
12:35settlement
2calmheat
Price (mark)
27.41
-6.6% 24h
Vol 24h
$123K
Open interest
$188K
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
-0.000%/h
Price and skew
Liquidations
24h$293$288 in an hour · no background before that
$293 longs$0 shorts
Longs were wiped — 100% of the total. $288 over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $6.71 · $0.84/hour
- Net snipe per settlement
- $2.71 = 0.268% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 1.68×needs 0.160%+ per settlement
- Liquidation price
- 32.755 (+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.
Context and comparison
Funding history · 242 settlements
SOFTBANK on 2 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| OKX ← you are here | +0.268% / 8h | +0.034%/h | shorts | +0.108% |
| Bitget | -0.045% / 8h | -0.006%/h | longs | -0.115% |
OKX← you are here+0.034%/h
shortsrate +0.268% / 8hsnipe +0.108%
Bitget-0.006%/h
longsrate -0.045% / 8hsnipe -0.115%
Max spread across exchanges: +0.039%/h
SOFTBANK across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
2 exchanges on one timeline
OKXevery 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
0.0000%/h
widest spread
0.0315%/h
15.10 15:00 UTC · Bitget ↔ OKX
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.