Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,677.1 | +0.0987 | pay 0.0493% / 4h | 2h 50m | $721 | $371K | 5x | Long edgeX | |
| SHORT | 1,694.3 | +0.0050 | get 0.0050% / 8h | 6h 50m | $9.4M | $59.6M | 20x | Short Bitget |
Price gap+1.024%53s
Funding gap−0.0937% /8h
The gap pays +$51 on $10k if it goes back to its 7d average, but funding costs $28 a day and eats that in about 44 hours. At the last 7 days' pace that is about 30 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0937% /8h now · paid −0.072% over the last 4 days (all we have)
Price—spread +1.024%53s now · prices read too far apart to compare
Costs−$380.385% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 4 days it paid −0.072% in total, about −0.0057%/8h on average.
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+1.024%
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 interest8.1 / 9.0 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$2,000 + $500edgeX 5x, Bitget 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$28.10Long edgeX: 6 payments, −$29.60; short Bitget: 3 payments, +$1.50.
- Watch: Prices read 53 s apart+1.024% vs +0.510%Part of this gap may be the market moving.
- Watch: Long leg is thinner$721 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: KYCedgeX No · Bitget YesKYC 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−$11.98
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$17.49
Fee edgeX bp × 2 orders−$9.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$50.46
price spread not counted: prices read too far apartCosts to cover0.385%Break-evennever at this rate
Slippage: edgeX: live order book, 57 min ago; Bitget: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX3.568.1 bp−$8doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBitget2.929.0 bp−$913.9 bp−$139doesn’t fitdoesn’t fit
Closing costs about the same again.
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