Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3163 | −0.0060 | get 0.0030% / 4h | 2h 21m | $732K | $519K | 25x | Long Bitget | |
| SHORT | 0.3147 | −0.0259 | pay 0.0129% / 4h | 2h 21m | $1K | $139K | 10x | Short edgeX |
Price gap−0.513%
Funding gap−0.0199% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.347% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$21−0.0199% /8h now · paid −0.207% over the last 7D
Price−$35spread −0.513% now, avg −0.166% → −0.347% if it goes back
Costs−$970.967% of $10k · taker + slippage, in and out
Result−$152−1.52%+ 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−0.513%
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
/8hMET on 21 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size19.3 / 26.7 bpAt $10k entering edgeX costs 26.7 bp, fee and slippage, 1.4× Bitget’s.
- Note: Margin at max leverage$400 + $1,000Bitget 25x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$5.97Long Bitget: 6 payments, +$1.80; short edgeX: 6 payments, −$7.77.
- Watch: Gap narrower than usual−0.513% vs −0.166%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$1K vs $732K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCBitget Yes · edgeX NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0098%/8h × 21 periods−$20.66
Price spread−0.513% → −0.166% (7d avg)−$34.74
Slippage, 4 orderslive order books−$75.65
Fee Bitget bp × 2 orders−$12.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$152.06
Costs to cover0.967%Break-evennever at this rate
Slippage: Bitget: live order book, 43 min ago; edgeX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget6.4019.3 bp−$1968.7 bp−$687doesn’t fitdoesn’t fit
SELL · SHORTedgeX6.3426.7 bp−$27doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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