Funding you earn now, next payment 07:00 UTC+0.0282%/8h= +30.9% APRpaid last 24h +0.084%
Price spread now: edgeX against tradeXYZ+0.184%86s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$370.372% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.184%, 7d avg +0.051%
=Together, before fees−0.022%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.132% dearer against tradeXYZ than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.051%. The two prices were read 86 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 0.090% in total (about 4.7% 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 | tradeXYZ xyz:DELL | 571.53 | 0.0066 | pay 0.0008% / 1h | 38m 03s | $7.5M | $7.0M | 10x |
| Short | edgeX DELLUSDC | 572.58 | 0.0349 | get 0.0174% / 4h | 1h 38m | $5K | $333K | 10x |
tradeXYZ xyz:DELL
edgeX DELLUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against tradeXYZ. 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
- $59.32
- Price spread: +0.184% → +0.051%
- $13.23
- Slippage, 4 orders
- −$10.24
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $35.31
- Costs to cover
- 0.372%
- Break-even
- 2.8 days
Slippage from tradeXYZ: live order book, 10 min ago; edgeX: live order book, 5 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 tradeXYZ live order book, 10 min ago | 0.70 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 5 min ago | 0.79 bp | 5.6 bp −$6 | 74.9 bp −$749 | doesn't fit | doesn't fit |
DELL on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DELLUSDT | 0.0000% | 8h | 571.48 | −0.009% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 572.08 | +0.096% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 572.23 | +0.122% | $3.6M | $4.7M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 572.22 | +0.121% | $33K | $12K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | +0.024% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELLlong | +0.0066% | 1h | 571.53 | long leg | $7.5M | $7.0M | 10x | |
| KuCoin DELLUSDTM | +0.0100% | 8h | 571.57 | +0.007% | $936K | $28K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 572.63 | +0.192% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 572.74 | +0.212% | $17K | $58K | 10x | as long as short |
| Bybit DELLUSDT | +0.0130% | 8h | 571.72 | +0.033% | $6.1M | $4.0M | 50x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDT
Bybit DELLUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DELL-USD | +0.0161% | 1h | 571.82 | +0.051% | $7K | $54K | 10x | as long as short |
| OKX DELL-USDT-SWAP | +0.0274% | 8h | 572.07 | +0.094% | $5.8M | $6.7M | 20x | as long as short |
| edgeX DELLUSDCshort | +0.0349% | 4h | 572.58 | +0.184% | $5K | $333K | 10x | |
| Variational Omni DELL | +0.0513% | 8h | 572.57 | +0.183% | $258K | $61K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0560% | 8h | 572.65 | +0.196% | $641 | $148K | 10x | as long as short |
| BloFin DELL-USDT | +0.0577% | 8h | 572.44 | +0.159% | $323K | $233K | 20x | as long as short |
| Extended DELL-USD | +0.0592% | 1h | 571.93 | +0.070% | $337K | $1.1M | 10x | as long as short |
| Binance DELLUSDT | +0.0596% | 8h | 572.00 | +0.083% | $18.3M | $66.9M | 20x | as long as short |
| Phoenix DELL | +0.0863% | 1h | 572.20 | +0.117% | $3K | $228K | 10x | as long as short |
| Nado DELL-PERP | +0.0897% | 1h | 571.47 | −0.010% | $69K | $20K | 10x | as long as short |
Polymarket Perps DELL-USD
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
BloFin DELL-USDT
Extended DELL-USD
Binance DELLUSDT
Phoenix DELL
Nado DELL-PERP