Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04451 | −0.1805 | get 0.0226% / 1h | 13m 23s | $2K | $105K | 5x | Long Injective | |
| SHORT | 0.04467 | +0.0017 | get 0.0008% / 4h | 1h 13m | $503 | $159K | 10x | Short edgeX |
Price gap+0.379%
Funding gap+0.1822% /8h
Both sides work: funding pays +$55 a day on $10k, and the gap is 0.467% above its 7d average: +$47 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$131+0.1822% /8h now · paid +1.313% over the last 7D
Price+$47spread +0.379% now, avg −0.089% → +0.467% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$178+1.78%+ 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+0.379%
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- Problem: Doesn’t fit the books—$10k a leg is deeper than Injective’s order book right now.
- Note: Margin at max leverage$2,000 + $1,000Injective 5x, 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: +$54.65Long Injective: 24 payments, +$54.14; short edgeX: 6 payments, +$0.51.
- OK: Entry gap works for you+0.379% vs −0.089%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$503 vs $2K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legInjective No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0625%/8h × 21 periods+$131.27
Price spread+0.379% → −0.089% (7d avg)+$46.73
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Injective bp × 2 orders−$0.02
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Injective: live order book, 26 min ago; edgeX: live order book, 24 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective100.11doesn’t fitdoesn’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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