Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.1969 | +0.0100 | pay 0.0050% / 4h | 38m 25s | $993 | $232K | 10x | Long edgeX | |
| SHORT | 1.2136 | +0.0050 | get 0.0050% / 8h | 38m 25s | $355K | $119K | 5x | Short KuCoin |
Price gap+1.395%68s
Funding gap−0.0050% /8h
The gap pays +$245 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 5 months.
The two prices were read 68 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0050% /8h now · paid −0.020% over the last 1 day (all we have)
Price—spread +1.395%68s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—+ Points / potential airdropedgeX: points · farm boardneeds both prices read together
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
KuCoin price against edgeXnow
RANGE STATS · 7D
Now+1.395%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hBP on 6 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than KuCoin’s order book right now.
- Note: Margin at max leverage$1,000 + $2,000edgeX 10x, KuCoin 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.50Long edgeX: 6 payments, −$3.00; short KuCoin: 3 payments, +$1.50.
- Watch: Prices read 68 s apart+1.395% vs −1.053%Part of this gap may be the market moving.
- Watch: Long leg is thinner$993 vs $355K 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−0.0045%/8h × 21 periods−$9.50
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee edgeX bp × 2 orders−$9.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: edgeX: live order book, 54 min ago; KuCoin: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX62.36166.1 bp−$166doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKuCoin84.32doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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