Hotcoinvs
OKX
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 157 liquid markets shared by Hotcoin and OKX, the best funding setup over the past 7 days is $IOST (long OKX, short Hotcoin): it paid 113.7% APR, 102.2% after costs, and held 58% of the time.
157 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| Hotcoin | OKX | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.06% | 0.05%✓ |
| Maker fee | 0.02% | 0.02% |
| Open Interest | $2.19B | $6.98B✓ |
| 24h Volume | $5.11B | $14.21B✓ |
| Avg Funding APR | 12.85% | 7.29% |
| Markets | 523✓ | 456 |
| Airdrop / token | Listed | Listed |
Hotcoin and OKX are both perpetual-futures venues tracked on ORBIT. On fees, OKX is cheaper (0.05% vs 0.06% taker). On liquidity, OKX is deeper with $6.98B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Hotcoin and OKX diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between Hotcoin and OKX pays most?
- Across 157 liquid markets shared by Hotcoin and OKX, the best funding setup over the past 7 days is $IOST (long OKX, short Hotcoin): it paid 113.7% APR, 102.2% after costs, and held 58% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Hotcoin or OKX cheaper?
- Hotcoin charges 0.06% taker / 0.02% maker; OKX charges 0.05% taker / 0.02% maker. OKX has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Hotcoin or OKX?
- Hotcoin has $2.19B open interest across 523 markets; OKX has $6.98B across 456. OKX is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Hotcoin and OKX?
- Yes — when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.