Strategy formulas for both crypto-margined and USDT-margined contractsFunding Rate ArbCrypto-M and USDT-M Formula APR = (P3D perpetual funding / 3) × 365 Explanation P3D perpetual funding refers to the previous 3-day historical perpetual funding rate. This formula annualizes the previous 3-day historical perpetual funding rate to provide a comparable APR value.

APY) / 365 Note: "ratio" means the ratio between the price of staking crypto and the price of received crypto, as defined by the market price at 12:00 on April 11, 2023 (UTC +8) Reward distribution rules: a. The on-chain ETH2.0 staking reward will be distributed daily to the user's funding account. b. BETH Flashdeals rewards will be distributed to the user's funding account after the 5-day term ends. You can visit the page via: Web：Navigation bar > Grow > Earn, search BETH click to subscribe.

Actual interest = Actual loan amount * Current APR/365/24 * 85%.Source and use of margin 15% of the interest paid by margin traders will be deposited as margin to cover potential losses. OKX reserves the right to use the 15% interest for other purposes.In the event that the margin cannot cover potential losses, a maximum of 50% of the relevant users' daily interest will be appropriated to cover the outstanding loss so as to ensure users receive interest every day.

Annually, this would amount to 0.2 * 3 * 365 = 219 USDT, which annualizes to 219 / 2,100 = 10.43%.4. Precautions 4.1. Although the smart arbitrage strategy carries relatively low risk during long-term operation, the following risks still exist: Slippage Risk when Closing Positions: Due to the different liquidity of the spot and perpetual swap markets, slippage may occur when opening or closing positions simultaneously.

Interest calculation: Interest = Liability exceeding the interest-free quota × (Annualized interest rate / 365 / 24) Liability exceeding the interest-free quota and annualized interest rate are both recorded at the start of every hour. Note that liability exceeding the interest-free quota incurred in the first minute of the start of every hour might be recorded as well. Example: If you have a liability incurred at 22:50, no interest will be deducted at this time.