Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 14.377 | +0.0100 | pay 0.0050% / 4h | 2h 00m | $33K | $390K | 20x | Long edgeX | |
| SHORT | 14.374 | +0.0096 | get 0.0012% / 1h | 0m 54s | $227K | $497K | 50x | Short Popdex |
Price gap−0.022%
Funding gap−0.0004% /8h
Funding is ≈ 0 and the gap is 0.054% under its 7d average: the price leg works against you, −$5 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0004% /8h now · paid −0.019% over the last 7D
Price−$5spread −0.022% now, avg +0.032% → −0.054% if it goes back
Costs−$260.261% of $10k · taker + slippage, in and out
Result−$33−0.33%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.022%
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
/8hLINK on 41 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest6.9 / 6.1 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$500 + $200edgeX 20x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.12Long edgeX: 6 payments, −$3.00; short Popdex: 24 payments, +$2.88.
- Watch: Gap narrower than usual−0.022% vs +0.032%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$33K vs $227K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · Popdex NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0010%/8h × 21 periods−$2.00
Price spread−0.022% → +0.032% (7d avg)−$5.41
Slippage, 4 orderslive order books−$10.66
Fee edgeX bp × 2 orders−$9.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$33.48
Costs to cover0.261%Break-evennever at this rate
Slippage: edgeX: live order book, 19 min ago; Popdex: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX2.446.9 bp−$78.7 bp−$87167.0 bp−$16.7Kdoesn’t fit
SELL · SHORTPopdex1.746.1 bp−$633.5 bp−$335doesn’t fitdoesn’t fit
Closing costs about the same again.
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