Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,691.8 | +0.0050 | pay 0.0050% / 8h | 6h 09m | $9.4M | $58.4M | 20x | Long Bitget | |
| SHORT | 1,675 | +0.0189 | get 0.0094% / 4h | 2h 09m | $720 | $370K | 5x | Short edgeX |
Price gap−0.990%
Funding gap+0.0139% /8h
Funding pays +$4 a day on $10k, but the gap is 0.477% under its 7d average: −$48 if it goes back, about 11 days of funding. At the last 7 days' pace that is about 28 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$7+0.0139% /8h now · paid +0.072% over the last 4 days (all we have)
Price−$48spread −0.990% now, avg −0.512% → −0.477% if it goes back
Costs−$360.358% of $10k · taker + slippage, in and out
Result−$76−0.76%+ 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−0.990%
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
/8hANTHROPIC on 27 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest10.2 / 8.6 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$500 + $2,000Bitget 20x, edgeX 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$4.16Long Bitget: 3 payments, −$1.50; short edgeX: 6 payments, +$5.66.
- Watch: Gap narrower than usual−0.990% vs −0.512%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$720 vs $9.4M OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCBitget Yes · edgeX NoKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0057%/8h × 21 periods+$11.89
Price spread−0.990% → −0.512% (7d avg)−$47.74
Slippage, 4 orderslive order books−$14.80
Fee Bitget bp × 2 orders−$12.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$71.64
Costs to cover0.358%Break-even49.2 days
Slippage: Bitget: live order book, 14 min ago; edgeX: live order book, 34 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBitget2.3010.2 bp−$1024.9 bp−$249doesn’t fitdoesn’t fit
SELL · SHORTedgeX4.078.6 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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