Funding you earn now, next payment 04:00 UTC+0.0431%/8h= +47.2% APRnext payment +$2.15 per $10,000 · paid last 24h +0.038%
Price spread now: OKX against SunX−4.344%47s7-day average −0.399% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)+3.962%+$396 · spread now −4.344%, 7d avg −0.399%
=Funding pays, the price is against you. OKX is 3.945% cheaper against SunX than usual: you would sell low and buy high (spread −4.344% now, against its 7-day average of −0.399%). If the spread goes back, that is −$395 on $10k: about 31 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.082% in total) that is about 11 months. The two prices were read 47 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 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.15 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 | SunX EDGE-USDT | 0.6216 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $4K | $621K | 10x |
| Short | OKX EDGE-USDT-SWAP | 0.5946 | 0.0531 | get 0.0265% / 4h | 1h 16m | $3.7M | $5.8M | 20x |
SunX EDGE-USDT
OKX EDGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against SunX. 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
- $90.46
- Price spread: −4.344% → −0.399%
- −$394.51
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$322.05
- Costs to cover
- 0.180%
- Break-even
- 31.9 days
Slippage unknown: SunX: live order book, 15 min ago; OKX: live order book, 1 min ago. Net counts fees only.
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 SunX live order book, 15 min ago | 501.05 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.68 bp | 28.6 bp −$29 | 151.6 bp −$1,516 | doesn't fit | doesn't fit |
EDGE on 17 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 | 0.5936 | −4.511% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5934 | −4.537% | $7.1M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5937 | −4.488% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5939 | −4.456% | $4.7M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5938 | −4.476% | $60K | $105K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5959 | −4.128% | $190K | $135K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5961 | −4.100% | $982 | $2.2M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5969 | −3.974% | $9K | $306K | 50x | as long as short |
| SunX EDGE-USDTlong | +0.0100% | 4h | 0.6216 | long leg | $4K | $621K | 10x | |
| Binance EDGEUSDT | +0.0463% | 4h | 0.5943 | −4.392% | $10.1M | $10.3M | 50x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
Binance EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin EDGE-USDT | +0.0468% | 4h | 0.5941 | −4.424% | $655K | $101K | 50x | as long as short |
| Extended EDGE-USD | +0.0472% | 1h | 0.5936 | −4.505% | $27K | $194K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0474% | 4h | 0.5942 | −4.408% | $1.2M | $901K | 50x | as long as short |
| Aster EDGEUSDT | +0.0504% | 4h | 0.5945 | −4.366% | $68K | $128K | 5x | as long as short |
| OKX EDGE-USDT-SWAPshort | +0.0531% | 4h | 0.5946 | −4.344% | $3.7M | $5.8M | 20x | |
| edgeX EDGEUSDC | +0.0555% | 4h | 0.5963 | −4.075% | $14.3M | $3.6M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0649% | 4h | 0.5941 | −4.424% | $3K | — | 10x | as long as short |
BloFin EDGE-USDT
Extended EDGE-USD
MEXC EDGE_USDT
Aster EDGEUSDT
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC