TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

NIULAI

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Gate牛来_USDT
0.05363+0.0180pay 0.0090% / 4h2h 10m$1.2M$380K20xLong Gate
SHORT
edgeX牛来USDC
0.05346+0.0100get 0.0050% / 4h2h 10m$15K$150K5xShort edgeX
Price gap−0.308%78s
Funding gap−0.0080% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.207% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$1−0.0080% /8h now · paid +0.010% over the last 7D
Price—spread −0.308%78s now · prices read too far apart to compare
Costs−$3013.014% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropedgeX: points · farm boardneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.308%
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

NIULAI on 13 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size63.7 / 100.7 bp
    At $10k entering edgeX costs 100.7 bp, fee and slippage, 1.6× Gate’s.
  • Note: Margin at max leverage$500 + $2,000
    Gate 20x, edgeX 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$2.40Long Gate: 6 payments, −$5.40; short edgeX: 6 payments, +$3.00.
  • Watch: Prices read 78 s apart−0.308% vs −0.101%
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$15K vs $1.2M 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: KYCGate Yes · edgeX No
    KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0005%/8h × 21 periods+$1.01
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$277.45
Fee Gate bp × 2 orders−$15.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$300.44
price spread not counted: prices read too far apart
Costs to cover3.014%Break-even2097.8 days
Slippage: Gate: live order book, 1 min ago; edgeX: live order book, 46 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGGate7.4563.7 bp−$64doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTedgeX6.56100.7 bp−$101doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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