Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2502 | −1.0126 | get 0.5063% / 4h | 2h 11m | $75K | $345K | 10x | Long edgeX | |
| SHORT | 0.2514 | −1.5088 | pay 0.7544% / 4h | 2h 11m | $824K | $3.8M | 20x | Short KuCoin |
Price gap+0.502%
Funding gap−0.4962% /8h
Both sides work against this direction now: funding costs $149 a day on $10k and the gap is 0.113% 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−$651−0.4962% /8h now · paid −6.514% over the last 4 days (all we have)
Price−$11spread +0.502% now, avg +0.614% → −0.113% if it goes back
Costs−$2642.641% of $10k · taker + slippage, in and out
Result−$927−9.27%+ 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+0.502%
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 size50.5 / 71.0 bpAt $10k entering KuCoin costs 71.0 bp, fee and slippage, 1.4× edgeX’s.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, KuCoin 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: −$148.85Long edgeX: 6 payments, +$303.79; short KuCoin: 6 payments, −$452.64.
- Watch: Gap narrower than usual+0.502% vs +0.614%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$75K vs $824K 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 · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.5555%/8h × 21 periods−$1,166.50
Price spread+0.502% → +0.614% (7d avg)−$11.27
Slippage, 4 orderslive order books−$243.05
Fee edgeX bp × 2 orders−$9.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$1,441.83
Costs to cover2.641%Break-evennever at this rate
Slippage: edgeX: live order book, 33 min ago; KuCoin: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX9.4350.5 bp−$51doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKuCoin6.7171.0 bp−$71doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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