Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004586 | +0.0100 | pay 0.0050% / 4h | 2h 59m | $25K | $407K | 20x | Long edgeX | |
| SHORT | 0.000004580 | +0.0036 | get 0.0005% / 1h | 59m 13s | $70K | $1.6M | 40x | Short TxFlow5% off |
Price gap−0.141%
Funding gap−0.0064% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.060% 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−$19−0.0064% /8h now · paid −0.192% over the last 7D
Price−$6spread −0.141% now, avg −0.082% → −0.060% if it goes back
Costs−$310.313% of $10k · taker + slippage, in and out
Result−$56−0.56%+ Points / potential airdropedgeX: points · TxFlow: 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−0.141%
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
/8hPEPE on 39 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Large against open interest5.7 / 7.8 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$500 + $250edgeX 20x, TxFlow 40x. 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: −$1.92Long edgeX: 6 payments, −$3.00; short TxFlow: 24 payments, +$1.08.
- Watch: Gap narrower than usual−0.141% vs −0.082%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$25K vs $70K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX points · TxFlow pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · TxFlow NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0091%/8h × 21 periods−$19.18
Price spread−0.141% → −0.082% (7d avg)−$5.97
Slippage, 4 orderslive order books−$13.25
Fee edgeX bp × 2 orders−$9.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$56.40
Costs to cover0.313%Break-evennever at this rate
Slippage: edgeX: live order book, 28 min ago; TxFlow: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX1.035.7 bp−$625.9 bp−$259doesn’t fitdoesn’t fit
SELL · SHORTTxFlow3.287.8 bp−$824.0 bp−$240204.6 bp−$20.5Kdoesn’t fit
Closing costs about the same again.
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