Funding you earn now, next payment 08:00 UTC−0.0281%/8h= −30.7% APRpaid last 24h −0.025%
Price spread now: edgeX against Binance+0.040%80s7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as 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−$480.482% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.040%, 7d avg 0.000%
=Together, before fees+0.056%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.041% dearer against Binance than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of 0.000%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you. The two prices were read 80 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 0.110% in total (about 5.7% 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 | Binance EWJUSDT | 97.920 | 0 | get 0.0000% / 8h | 1h 58m | $1.1M | $847K | 20x |
| Short | edgeX EWJUSDC | 97.960 | −0.0281 | pay 0.0140% / 4h | 1h 58m | $597K | $233K | 20x |
Binance EWJUSDT
edgeX EWJUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- −$58.96
- Price spread: +0.040% → 0.000%
- $4.09
- Slippage, 4 orders
- −$29.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$103.02
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; edgeX: live order book, 51 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 Binance live order book, 4 min ago | 1.53 bp | 15.1 bp −$15 | 54.8 bp −$548 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 51 min ago | 6.13 bp | 11.2 bp −$11 | 21.3 bp −$213 | doesn't fit | doesn't fit |
EWJ on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX EWJUSDCshort | −0.0281% | 4h | 97.960 | +0.040% | $597K | $233K | 20x | |
| Aster EWJUSDT | 0.0000% | 8h | 97.863 | −0.058% | $15K | $962 | 20x | as long as short |
| Binance EWJUSDTlong | 0.0000% | 8h | 97.920 | long leg | $1.1M | $847K | 20x | |
| Bybit EWJUSDT | 0.0000% | 8h | 97.830 | −0.092% | $192K | $24K | 25x | as long as short |
| OKX EWJ-USDT-SWAP | 0.0000% | 8h | 97.870 | −0.051% | $297K | $113K | 20x | as long as short |
| Gate EWJ_USDT | 0.0000% | 8h | 97.850 | −0.071% | $347K | $192K | 25x | as long as short |
| MEXC EWJ_USDT | 0.0000% | 8h | 97.900 | −0.020% | $272K | $87K | 20x | as long as short |
| Bitget EWJUSDT | 0.0000% | 8h | 97.840 | −0.082% | $748K | $144K | 20x | as long as short |
| Variational Omni EWJ | 0.0000% | 8h | 97.802 | −0.121% | $110K | $22K | — | as long as short |
| GRVT EWJ_USDT_Perp | 0.0000% | 8h | 97.756 | −0.167% | $627K | $397K | 10x | as long as short |
Aster EWJUSDT
Bybit EWJUSDT
OKX EWJ-USDT-SWAP
Gate EWJ_USDT
MEXC EWJ_USDT
Bitget EWJUSDT
Variational Omni EWJ
GRVT EWJ_USDT_PerpShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX EWJ-USDT | 0.0000% | 8h | 97.839 | −0.083% | $1K | $1.4M | 20x | as long as short |
| HTX EWJ-USDT | 0.0000% | 8h | 97.720 | −0.204% | $8K | $37K | 20x | as long as short |
| BloFin EWJ-USDT | +0.0023% | 8h | 97.800 | −0.123% | $43K | $68K | 20x | as long as short |
| tradeXYZ xyz:EWJ | +0.0080% | 1h | 97.911 | −0.009% | $1.5M | $549K | 20x | as long as short |
| Hotstuff EWJ-PERP | +0.0096% | 1h | 97.910 | −0.010% | $34K | — | 20x | as long as short |
| KuCoin EWJUSDTM | +0.0100% | 8h | 97.870 | −0.051% | $148K | $981K | 20x | as long as short |
SunX EWJ-USDT
HTX EWJ-USDT
BloFin EWJ-USDT
tradeXYZ xyz:EWJ
Hotstuff EWJ-PERP
KuCoin EWJUSDTM