Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.1529 | +0.0100 | pay 0.0013% / 1h | 54m 23s | $122K | $65K | 3x | Long Pacifica10% back | |
| SHORT | 1.1507 | +0.0100 | get 0.0050% / 4h | 1h 54m | $955 | $230K | 10x | Short edgeX |
Price gap−0.187%52s
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$4 on $10k if the gap goes back to its 7d average.
The two prices were read 52 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$00.0000% /8h now · paid 0.000% over the last 2 days (all we have)
Price—spread −0.187%52s 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 airdropPacifica: points · edgeX: 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
edgeX price against Pacificanow
RANGE STATS · 7D
Now−0.187%
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
2 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Pacifica’s order book right now.
- Note: Margin at max leverage$3,333 + $1,000Pacifica 3x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Pacifica: 24 payments, −$3.00; short edgeX: 6 payments, +$3.00.
- Watch: Prices read 52 s apart−0.187% vs −0.223%Part of this gap may be the market moving.
- Watch: Short leg is thinner$955 vs $122K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legPacifica points · edgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legPacifica No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0001%/8h × 21 periods+$0.19
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Pacifica bp × 2 orders−$8.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: Pacifica: live order book, 23 min ago; edgeX: live order book, 23 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPacifica58.88doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTedgeX54.54149.2 bp−$149doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | BP/USD no longer reported ($BP) seen by our collector |
| 09-28 07:49 | edgeX | Listing | New Crypto Perp Listings on edgeX $QNT Enterprise blockchain interoperability platform. $BP Crypto exchange and self-custodial wallet platform. Trade on Arc. Unlock Triple Rewards. @edgeX_exchange on X ↗ |
| 09-28 07:18 | edgeX | Listing | new market BPUSDC ($BP) seen by our collector |
| 09-20 09:45 | Backpack | Other | Learn more about $BP ↓ @Backpack on X ↗ |
gTrade (Gains Network)
Backpack