Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.6737 | +0.0100 | pay 0.0012% / 1h | 9m 13s | $677K | $166K | 5x | Long Nado20% off | |
| SHORT | 1.6689 | +0.0051 | get 0.0026% / 4h | 1h 09m | $1K | $206K | 10x | Short edgeX |
Price gap−0.287%
Funding gap−0.0048% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.061% 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−$9−0.0048% /8h now · paid −0.086% over the last 7D
Price−$6spread −0.287% now, avg −0.226% → −0.061% if it goes back
Costs−$2222.221% of $10k · taker + slippage, in and out
Result−$237−2.37%+ Points / potential airdropNado: points · edgeX: 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−0.287%
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 30 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size9.2 / 99.9 bpAt $10k entering edgeX costs 99.9 bp, fee and slippage, 10.9× Nado’s.
- Note: Margin at max leverage$2,000 + $1,000Nado 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: −$1.45Long Nado: 24 payments, −$3.00; short edgeX: 6 payments, +$1.54.
- Watch: Gap narrower than usual−0.287% vs −0.226%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$1K vs $677K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legNado points · edgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legNado No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0041%/8h × 21 periods−$8.61
Price spread−0.287% → −0.226% (7d avg)−$6.10
Slippage, 4 orderslive order books−$206.12
Fee Nado bp × 2 orders−$7.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$236.83
Costs to cover2.221%Break-evennever at this rate
Slippage: Nado: live order book, 30 min ago; edgeX: live order book, 29 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGNado1.189.2 bp−$930.8 bp−$308doesn’t fitdoesn’t fit
SELL · SHORTedgeX2.0899.9 bp−$100doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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