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 10m | $498 | $159K | 10x | Long edgeX | |
| SHORT | 0.04510 | −0.0089 | pay 0.0011% / 1h | 10m 04s | $811K | $1.5M | 20x | Short Kraken Futures |
Price gap+0.387%62s
Funding gap−0.0201% /8h
The gap pays +$26 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 4.3 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$42−0.0201% /8h now · paid −0.424% over the last 7D
Price—spread +0.387%62s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—+ Points / potential airdropedgeX: points · farm boardneeds both prices read together
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+0.387%
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 · 5 to watch- Watch: Thin at this size84.4 / 12.9 bpAt $10k entering edgeX costs 84.4 bp, fee and slippage, 6.5× Kraken Futures’s.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, Kraken Futures 20x. 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: −$6.02Long edgeX: 6 payments, −$3.35; short Kraken Futures: 24 payments, −$2.67.
- Watch: Prices read 62 s apart+0.387% vs +0.128%Part of this gap may be the market moving.
- Watch: Long leg is thinner$498 vs $811K 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 · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0202%/8h × 21 periods−$42.39
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee edgeX bp × 2 orders−$9.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: edgeX: live order book, 32 min ago; Kraken Futures: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX5.5684.4 bp−$84doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKraken Futures6.6612.9 bp−$1323.7 bp−$237doesn’t fitdoesn’t fit
Closing costs about the same again.
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