Funding you earn now, next payment 04:00 UTC−0.0406%/8h= −44.4% APRnext payment −$2.03 per $10,000 · paid last 24h −0.039%
Price spread now: KuCoin against edgeX−0.281%53s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$432as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4244.238% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 7 days+0.091%+$9 · spread now −0.281%, 7d avg −0.029%
=Together, before fees+0.008%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and KuCoin is 0.252% cheaper against edgeX than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX EDGEUSDC | 0.5937 | 0.0506 | pay 0.0253% / 4h | 2h 24m | $14.2M | $3.6M | 30x |
| Short | KuCoin EDGEUSDTM | 0.5920 | 0.0100 | get 0.0050% / 4h | 2h 24m | $2.1M | $2.2M | 50x |
edgeX EDGEUSDC
KuCoin EDGEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$85.21
- Price spread: −0.281% → −0.029%
- −$25.22
- Slippage, 4 orders
- −$402.79
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$534.22
- Costs to cover
- 4.238%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 5 min ago; KuCoin: live order book, 7 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy edgeX live order book, 5 min ago | 5.05 bp | 13.1 bp −$13 | 98.7 bp −$987 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 5.07 bp | 195.2 bp −$195 | 916.1 bp −$9,161 | doesn't fit | doesn't fit |
EDGE on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5914 | −0.381% | $44K | $18K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5913 | −0.399% | $7.1M | $3.4M | 25x | as long as short |
| KuCoin EDGEUSDTMshort | +0.0100% | 4h | 0.5920 | −0.281% | $2.1M | $2.2M | 50x | |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5919 | −0.298% | $4.7M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5926 | −0.187% | $58K | $105K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5914 | −0.390% | $194K | $128K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5931 | −0.095% | $6K | $2.0M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5924 | −0.214% | $9K | $303K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6187 | +4.216% | $4K | $620K | 10x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0494% | 4h | 0.5925 | −0.197% | $3.7M | $5.8M | 20x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
OKX EDGE-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDClong | +0.0506% | 4h | 0.5937 | long leg | $14.2M | $3.6M | 30x | |
| Binance EDGEUSDT | +0.0511% | 4h | 0.5918 | −0.315% | $10.1M | $10.4M | 50x | as long as short |
| Aster EDGEUSDT | +0.0517% | 4h | 0.5926 | −0.173% | $68K | $132K | 5x | as long as short |
| Extended EDGE-USD | +0.0520% | 1h | 0.5917 | −0.324% | $27K | $194K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0522% | 4h | 0.5926 | −0.180% | $1.1M | $912K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0728% | 4h | 0.5923 | −0.231% | $3K | — | 10x | as long as short |
Binance EDGEUSDT
Aster EDGEUSDT
Extended EDGE-USD
MEXC EDGE_USDT
Orderly PERP_EDGE_USDC