Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6850 | +0.0099 | pay 0.0050% / 4h | 2h 43m | $506 | $198K | 10x | Long edgeX | |
| SHORT | 1.6834 | −0.0171 | pay 0.0085% / 4h | 2h 43m | $30K | $228K | 10x | Short Orderly |
Price gap−0.097%
Funding gap−0.0270% /8h
Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.140% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$57−0.0270% /8h now · paid −0.571% over the last 7D
Price−$14spread −0.097% now, avg +0.043% → −0.140% if it goes back
Costsno datano order book for Orderly
Result, before costs−$71−0.71%+ Points / potential airdropedgeX: points · farm boardcosts unknown: no order book for Orderly · 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
/8hZRO on 31 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$1,000 + $1,000edgeX 10x, Orderly 10x. 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: −$8.10Long edgeX: 6 payments, −$2.98; short Orderly: 6 payments, −$5.12.
- Watch: Gap narrower than usual−0.097% vs +0.043%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$506 vs $30K 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 legedgeX No · Orderly NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0272%/8h × 21 periods−$57.12
Price spread−0.097% → +0.043% (7d avg)−$14.01
Slippage, 4 ordersno data for Orderly—
Fee edgeX bp × 2 orders−$9.00
Fee Orderly bp × 2 orders−$6.00
Net, fees only · 7 days · $10k−$86.14
Costs to cover0.150%Break-evennever at this rate
Slippage: edgeX: live order book, 63 min ago; Orderly: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX2.35103.9 bp−$104doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOrderly—————
Closing costs about the same again.
Orderly: no data.
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