Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04458 | +0.0100 | pay 0.0013% / 1h | 23m 06s | $46K | $53K | 10x | Long Backpack | |
| SHORT | 0.04472 | +0.0025 | get 0.0013% / 4h | 1h 23m | $503 | $158K | 10x | Short edgeX |
Price gap+0.322%
Funding gap−0.0075% /8h
The gap pays +$32 on $10k if it goes back to zero (no 7-day history yet), but funding costs $2 a day and eats that in about 14 days. At the last 7 days' pace that is about 34 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0075% /8h now · paid −0.067% over the last 7D
Price—spread +0.322% now · no price history on both exchanges yet
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—+ Points / potential airdropedgeX: points · farm boardneeds both price histories
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+0.322%
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
/8hSTRK on 30 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than edgeX’s order book right now.
- Note: Margin at max leverage$1,000 + $1,000Backpack 10x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.24Long Backpack: 24 payments, −$3.00; short edgeX: 6 payments, +$0.76.
- Note: No 7-day spread history+0.322%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$503 vs $46K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCBackpack Yes · edgeX NoKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0032%/8h × 21 periods−$6.67
Price spread+0.322% → 0+$32.17
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Backpack bp × 2 orders−$10.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Backpack: live order book, 62 min ago; edgeX: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBackpack2.2216.3 bp−$16doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTedgeX4.45doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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