Funding you earn now, next payment 07:00 UTC+0.0249%/8h= +27.3% APRpaid last 24h +0.029%
Price spread now: edgeX against tradeXYZ−0.032%106s7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as 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−$500.497% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.032%, 7d avg +0.043%
=Together, before fees+0.154%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.075% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.043%). If the spread goes back, that is −$8 on $10k: about 24 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.105% in total) that is about 5.0 days. The two prices were read 106 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 0.105% in total (about 5.5% 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:EWJ | 97.733 | 0.0050 | pay 0.0006% / 1h | 37m 47s | $1.5M | $549K | 20x |
| Short | edgeX EWJUSDC | 97.702 | 0.0299 | get 0.0150% / 4h | 1h 37m | $596K | $232K | 20x |
tradeXYZ xyz:EWJ
edgeX EWJUSDCFunding 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
- $52.32
- Price spread: −0.032% → +0.043%
- −$7.51
- Slippage, 4 orders
- −$22.75
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$4.94
- Costs to cover
- 0.497%
- Break-even
- 7.7 days
Slippage from tradeXYZ: live order book, 10 min ago; edgeX: live order book, 6 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 | 2.20 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 6 min ago | 6.14 bp | 11.5 bp −$11 | 21.4 bp −$214 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EWJUSDT | 0.0000% | 8h | 97.693 | −0.041% | $15K | $962 | 20x | as long as short |
| Binance EWJUSDT | 0.0000% | 8h | 97.710 | −0.024% | $1.1M | $862K | 20x | as long as short |
| Bybit EWJUSDT | 0.0000% | 8h | 97.680 | −0.054% | $191K | $24K | 25x | as long as short |
| OKX EWJ-USDT-SWAP | 0.0000% | 8h | 97.670 | −0.064% | $296K | $113K | 20x | as long as short |
| Gate EWJ_USDT | 0.0000% | 8h | 97.690 | −0.044% | $345K | $199K | 25x | as long as short |
| MEXC EWJ_USDT | 0.0000% | 8h | 97.730 | −0.003% | $341K | $96K | 20x | as long as short |
| Bitget EWJUSDT | 0.0000% | 8h | 97.800 | +0.069% | $747K | $142K | 20x | as long as short |
| Variational Omni EWJ | 0.0000% | 8h | 97.678 | −0.056% | $110K | $22K | — | as long as short |
| GRVT EWJ_USDT_Perp | 0.0000% | 8h | 97.696 | −0.038% | $626K | $405K | 10x | as long as short |
| SunX EWJ-USDT | 0.0000% | 8h | 97.637 | −0.098% | $1K | $1.4M | 20x | as long as short |
Aster EWJUSDT
Binance EWJUSDT
Bybit EWJUSDT
OKX EWJ-USDT-SWAP
Gate EWJ_USDT
MEXC EWJ_USDT
Bitget EWJUSDT
Variational Omni EWJ
GRVT EWJ_USDT_Perp
SunX EWJ-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX EWJ-USDT | 0.0000% | 8h | 97.541 | −0.196% | $8K | $37K | 20x | as long as short |
| BloFin EWJ-USDT | +0.0015% | 8h | 97.650 | −0.085% | $43K | $68K | 20x | as long as short |
| tradeXYZ xyz:EWJlong | +0.0050% | 1h | 97.733 | long leg | $1.5M | $549K | 20x | |
| KuCoin EWJUSDTM | +0.0100% | 8h | 97.610 | −0.126% | $150K | $996K | 20x | as long as short |
| Hotstuff EWJ-PERP | +0.0192% | 1h | 97.720 | −0.013% | $34K | — | 20x | as long as short |
| edgeX EWJUSDCshort | +0.0299% | 4h | 97.702 | −0.032% | $596K | $232K | 20x |
HTX EWJ-USDT
BloFin EWJ-USDT
KuCoin EWJUSDTM
Hotstuff EWJ-PERP