Funding you earn now, next payment 11:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.046%
Price spread now: edgeX against Kraken Futures−0.454%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1461.460% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.371%+$37 · spread now −0.454%, 7d avg −0.129%
=Together, before fees+0.361%+ Points / potential airdropedgeX: Active · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 0.325% cheaper against Kraken Futures than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.129%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1230 | 0.0157 | pay 0.0020% / 1h | 30m 36s | $731K | $736K | 20x |
| Short | edgeX OPUSDC | 0.1224 | 0.0100 | get 0.0050% / 4h | 1h 30m | $4K | $1.1M | 10x |
Kraken Futures PF_OPUSD
edgeX OPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Kraken Futures. 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
- −$11.98
- Price spread: −0.454% → −0.129%
- −$32.47
- Slippage, 4 orders
- −$127.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$190.49
- Costs to cover
- 1.460%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 16 min ago; edgeX: live order book, 1 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 Kraken Futures live order book, 16 min ago | 3.24 bp | 39.0 bp −$39 | 96.6 bp −$966 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 1 min ago | 36.63 bp | 48.5 bp −$48 | 112.2 bp −$1,122 | doesn't fit | doesn't fit |
OP on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1229 | −0.099% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0564% | 1h | 0.1228 | −0.154% | $30K | $113K | 25x | as long as short |
| Hyperliquid OP | −0.0531% | 1h | 0.1229 | −0.072% | $3.8M | $3.9M | 5x | as long as short |
| Binance OPUSDT | −0.0083% | 8h | 0.1229 | −0.062% | $18.9M | $66.3M | 75x | as long as short |
| MEXC OP_USDT | −0.0083% | 8h | 0.1229 | −0.040% | $21.6M | $7.4M | 300x | as long as short |
| Extended OP-USD | −0.0080% | 1h | 0.1228 | −0.139% | $98K | $580K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0069% | 8h | 0.1228 | −0.154% | $12K | $231K | 10x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0048% | 1h | 0.1229 | −0.072% | $24K | $68K | 50x | as long as short |
| Gate OP_USDT | −0.0040% | 8h | 0.1230 | −0.007% | $1.9M | $1.4M | 50x | as long as short |
| GRVT OP_USDT_Perp | −0.0020% | 8h | 0.1224 | −0.507% | $303K | $5.8M | 10x | as long as short |
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
Binance OPUSDT
MEXC OP_USDT
Extended OP-USD
Orderly PERP_OP_USDC
Coinbase International OP-PERP-INTX
Gate OP_USDT
GRVT OP_USDT_PerpShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX OP-USD | 0.0000% | 1h | 0.1230 | +0.001% | $38K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1228 | −0.177% | — | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1257 | +2.204% | $35K | $67K | 12x | as long as short |
| BloFin OP-USDT | +0.0036% | 8h | 0.1227 | −0.219% | $980K | $279K | 75x | as long as short |
| SoDEX OP-USD | +0.0042% | 1h | 0.1228 | −0.121% | $195 | $5K | 5x | as long as short |
| Aevo OP-PERP | +0.0064% | 1h | 0.1227 | −0.194% | $3K | $1K | 3x | as long as short |
| Variational Omni OP | +0.0064% | 8h | 0.1228 | −0.181% | $218K | $46K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1229 | −0.056% | $264K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1229 | −0.112% | $203K | $211K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1229 | −0.080% | $17.7M | $24.6M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1229 | −0.088% | $5.9M | $27.5M | 50x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1229 | −0.072% | $2.8M | $5.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1229 | −0.072% | $5.7M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1229 | −0.064% | — | $6.4M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1228 | −0.162% | $106K | $204K | 10x | as long as short |
| edgeX OPUSDCshort | +0.0100% | 4h | 0.1224 | −0.454% | $4K | $1.1M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1230 | +0.009% | $43K | $686K | 50x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1227 | −0.210% | $166K | $262K | 50x | as long as short |
| Kraken Futures PF_OPUSDlong | +0.0157% | 1h | 0.1230 | long leg | $731K | $736K | 20x | |
| Reya OPRUSDPERP | +0.0447% | 1h | 0.1228 | −0.177% | $683 | — | 20x | as long as short |
dYdX OP-USD
gTrade (Gains Network) OP/USD
Injective OP/USDC PERP
BloFin OP-USDT
SoDEX OP-USD
Aevo OP-PERP
Variational Omni OP
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
ApeX Omni OPUSDT
HTX OP-USDT
Reya OPRUSDPERP