Funding arb · Price arb / Crypto

BTW

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LONGedgeX▾Bybit −5.0000%Aster −4.0000%Extended −4.0000%Binance −4.0000%Gate −4.0000%MEXC −4.0000%KuCoin −4.0000%Bitget −4.0000%BingX −4.0000%edgeX −4.0000%HTX −4.0000%

⇄⇅

SHORTOKX▾Aster −4.0000%Extended −4.0000%Binance −4.0000%Gate −4.0000%MEXC −4.0000%KuCoin −4.0000%Bitget −4.0000%BingX −4.0000%HTX −4.0000%Bybit −5.0000%OKX −7.8303%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	edgeXBTWUSDC	1.1918	−4.0000	get 2.0000% / 4h	59m 30s	$275K	$1.1M	10x	Long edgeX
SHORT	OKXBTW-USDT-SWAP	1.1693	−7.8303	pay 0.9788% / 1h	59m 30s	$1.6M	$15.3M	20x	Short OKX

Price gap−1.886%

Funding gap−3.8303% /8h

Both sides work against this direction now: funding costs $1,149 a day on $10k and the gap is 1.737% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 4 days it paid −1.390% in total, about −0.1079%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−1.886%

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

/8h

24H3D7D14D30D90D

edgeXOKX

BTW on 12 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

• !
  Watch: Thin at this size17.1 / 71.0 bp

  At $10k entering OKX costs 71.0 bp, fee and slippage, 4.1× edgeX’s.
• i
  Note: Margin at max leverage$1,000 + $500

  edgeX 10x, OKX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ4h / 1h

  Payments land at different times. Close right after the slower leg pays.

  Long edgeX · 4h+$1,200.00

  Short OKX · 1h−$2,349.10

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$1,149.10Long edgeX: 6 payments, +$1,200.00; short OKX: 24 payments, −$2,349.10.
• !
  Watch: Gap narrower than usual−1.886% vs −0.149%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$275K vs $1.6M OI

  edgeX sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legedgeX points

  Volume here counts toward the points program.
• !
  Watch: KYCedgeX No · OKX Yes

  Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.1079%/8h × 21 periods−$226.64

Price spread−1.886% → −0.149% (7d avg)−$173.73

Slippage, 4 orderslive order books−$163.10

Fee edgeX bp × 2 orders−$9.00

Fee OKX bp × 2 orders−$10.00

Net · 7 days · $10k−$582.47

Costs to cover1.821%Break-evennever at this rate

Slippage: edgeX: live order book, 4 min ago; OKX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGedgeX4.4517.1 bp−$17doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTOKX8.5071.0 bp−$71doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

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BTW news

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