Funding you earn now, next payment 00:00 UTC−0.0996%/8h= −109.0% APRpaid last 24h −0.115%
Price spread now: Gate against edgeX+0.129%52s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$600.599% of the position
Funding, last 7 days−0.510%−$51 on $10k
+Price spread, last 3 days (all we have)−0.165%−$16 · spread now +0.129%, 7d avg +0.019%
=Together, before fees−0.675%+ Points / potential airdropedgeX: Active · farm board−$67 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.110% dearer against edgeX than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of +0.019%): +$11 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.510% in total) that is about 36 hours. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.510% in total (about -26.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COINUSDC | 202.00 | 0.0996 | pay 0.0498% / 4h | 2h 22m | $52K | $292K | 10x |
| Short | Gate COIN_USDT | 202.26 | 0 | get 0.0000% / 8h | 2h 22m | $1.3M | $6.9M | 50x |
edgeX COINUSDC
Gate COIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$209.12
- Price spread: +0.129% → +0.019%
- $10.99
- Slippage, 4 orders
- −$35.92
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$258.05
- Costs to cover
- 0.599%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 65 min ago; Gate: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy edgeX live order book, 65 min ago | 5.42 bp | 10.3 bp −$10 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 6.67 bp | 19.0 bp −$19 | 111.0 bp −$1,110 | doesn't fit | doesn't fit |
COIN on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 202.26 | +0.129% | $40K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.21 | +0.106% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.28 | +0.138% | $120K | $445K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.31 | +0.153% | $15.6M | $77.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 202.23 | +0.114% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.22 | +0.109% | $3.3M | $4.8M | 20x | as long as short |
| Gate COIN_USDTshort | 0.0000% | 8h | 202.26 | +0.129% | $1.3M | $6.9M | 50x | |
| Variational Omni COIN | 0.0000% | 8h | 202.20 | +0.101% | $760K | $982K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.07 | +0.035% | $18K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0017% | 8h | 202.36 | +0.178% | $6.9M | $10.0M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0027% | 1h | 202.20 | +0.099% | $1.4M | $3.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 202.25 | +0.125% | $369K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.21 | +0.104% | $432K | $2.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.16 | +0.079% | $17K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.25 | +0.124% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 202.27 | +0.134% | $16.4M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.33 | +0.163% | $160K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.29 | +0.144% | $81 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 202.14 | +0.069% | $367K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.24 | +0.119% | $1.0M | $146K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.12 | +0.059% | $91K | $533K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.18 | +0.089% | $585 | $5K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.30 | +0.148% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.31 | +0.154% | $200K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0197% | 1h | 202.30 | +0.149% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDClong | +0.0996% | 4h | 202.00 | long leg | $52K | $292K | 10x |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN