Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2612 | +0.0040 | pay 0.0020% / 4h | 2h 53m | $67K | $325K | 10x | Long edgeX | |
| SHORT | 0.2612 | −0.0360 | pay 0.0180% / 4h | 2h 53m | $428K | $5.7M | 20x | Short Bitget |
Price gap−0.005%
Funding gap−0.0400% /8h
Both sides work against this direction now: funding costs $12 a day on $10k and the gap is 0.437% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$701−0.0400% /8h now · paid −7.008% over the last 4 days (all we have)
Price−$44spread −0.005% now, avg +0.432% → −0.437% if it goes back
Costs−$1661.656% of $10k · taker + slippage, in and out
Result−$910−9.10%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.005%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAXIS on 11 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size51.8 / 29.2 bpAt $10k entering edgeX costs 51.8 bp, fee and slippage, 1.8× Bitget’s.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, Bitget 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$12.01Long edgeX: 6 payments, −$1.21; short Bitget: 6 payments, −$10.80.
- Watch: Gap narrower than usual−0.005% vs +0.432%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$67K vs $428K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.5545%/8h × 21 periods−$1,164.44
Price spread−0.005% → +0.432% (7d avg)−$43.71
Slippage, 4 orderslive order books−$144.64
Fee edgeX bp × 2 orders−$9.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$1,373.79
Costs to cover1.656%Break-evennever at this rate
Slippage: edgeX: live order book, 59 min ago; Bitget: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX9.7551.8 bp−$52doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBitget4.2129.2 bp−$29158.4 bp−$1,584doesn’t fitdoesn’t fit
Closing costs about the same again.
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