Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04454 | −0.0117 | get 0.0015% / 1h | 9m 12s | $795K | $1.4M | 20x | Long Kraken Futures | |
| SHORT | 0.04449 | +0.0026 | get 0.0013% / 4h | 1h 09m | $501 | $157K | 10x | Short edgeX |
Price gap−0.097%
Funding gap+0.0142% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.032% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$44+0.0142% /8h now · paid +0.437% over the last 7D
Price+$3spread −0.097% now, avg −0.129% → +0.032% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$47+0.47%+ 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−0.097%
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
2 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$500 + $1,000Kraken Futures 20x, 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: +$4.27Long Kraken Futures: 24 payments, +$3.51; short edgeX: 6 payments, +$0.77.
- OK: Entry gap works for you−0.097% vs −0.129%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$501 vs $795K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · edgeX NoFull 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+0.0208%/8h × 21 periods+$43.73
Price spread−0.097% → −0.129% (7d avg)+$3.22
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Kraken Futures 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: Kraken Futures: live order book, just now; edgeX: live order book, 29 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures8.9816.7 bp−$1728.8 bp−$288doesn’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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