Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04492 | +0.0112 | pay 0.0056% / 4h | 2h 11m | $498 | $159K | 10x | Long edgeX | |
| SHORT | 0.04502 | +0.0080 | get 0.0040% / 4h | 2h 11m | $21.9M | $40.3M | 75x | Short Binance |
Price gap+0.221%
Funding gap−0.0031% /8h
The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 12 days. At the last 7 days' pace that is about 47 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0031% /8h now · paid −0.016% over the last 7D
Price+$11spread +0.221% now, avg +0.110% → +0.111% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$9+0.09%+ Points / potential airdropedgeX: points · farm boardcosts unknown: book too thin at $10k · What 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+0.221%
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
3 ok · 3 to watch- Watch: Thin at this size84.4 / 9.2 bpAt $10k entering edgeX costs 84.4 bp, fee and slippage, 9.1× Binance’s.
- Note: Margin at max leverage$1,000 + $133edgeX 10x, Binance 75x. 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: −$0.94Long edgeX: 6 payments, −$3.35; short Binance: 6 payments, +$2.41.
- OK: Entry gap works for you+0.221% vs +0.110%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$498 vs $21.9M OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX No · Binance YesVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0008%/8h × 21 periods−$1.64
Price spread+0.221% → +0.110% (7d avg)+$11.10
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee edgeX bp × 2 orders−$9.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: edgeX: live order book, 31 min ago; Binance: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX5.5684.4 bp−$84doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBinance1.119.2 bp−$919.6 bp−$19676.3 bp−$7,631doesn’t fit
Closing costs about the same again.
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