Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6848 | +0.0102 | pay 0.0051% / 4h | 3h 19m | $826 | $206K | 10x | Long edgeX | |
| SHORT | 1.6906 | +0.0100 | get 0.0013% / 1h | 19m 38s | $146K | $197K | 20x | Short Backpack |
Price gap+0.345%
Funding gap−0.0002% /8h
Funding is ≈ 0, so this is a price-spread trade: +$24 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4−0.0002% /8h now · paid +0.040% over the last 7D
Price+$24spread +0.345% now, avg +0.108% → +0.237% if it goes back
Costs−$2392.389% of $10k · taker + slippage, in and out
Result−$211−2.11%+ Points / potential airdropedgeX: points · farm boardWhat 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+0.345%
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
/8hZRO on 31 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size109.0 / 7.1 bpAt $10k entering edgeX costs 109.0 bp, fee and slippage, 15.4× Backpack’s.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, Backpack 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: −$0.07Long edgeX: 6 payments, −$3.07; short Backpack: 24 payments, +$3.00.
- OK: Entry gap works for you+0.345% vs +0.108%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$826 vs $146K 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 · Backpack YesKYC (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+0.0019%/8h × 21 periods+$4.00
Price spread+0.345% → +0.108% (7d avg)+$23.69
Slippage, 4 orderslive order books−$219.89
Fee edgeX bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k−$211.20
Costs to cover2.389%Break-even376.5 days
Slippage: edgeX: live order book, 9 min ago; Backpack: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX2.10109.0 bp−$109doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBackpack2.097.1 bp−$718.4 bp−$184doesn’t fitdoesn’t fit
Closing costs about the same again.
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