Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 39.445 | +0.0385 | pay 0.0193% / 4h | 2h 08m | $40K | $187K | 10x | Long edgeX | |
| SHORT | 39.368 | 0 | 0.0000% / 8h | 6h 08m | $159K | $355K | 20x | Short OKX |
Price gap−0.194%92s
Funding gap−0.0385% /8h
The gap pays +$8 on $10k if it goes back to its 7d average, but funding costs $12 a day and eats that in about 17 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15−0.0385% /8h now · paid −0.153% over the last 1 day (all we have)
Price—spread −0.194%92s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—+ Points / potential airdropedgeX: points · farm boardneeds both prices read together
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−0.194%
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
/8hGIGADEV on 8 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size107.2 / 193.8 bpAt $10k entering OKX costs 193.8 bp, fee and slippage, 1.8× edgeX’s.
- Note: Margin at max leverage$1,000 + $500edgeX 10x, OKX 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: −$11.55Long edgeX: 6 payments, −$11.55; short OKX: 3 payments, $0.00.
- Watch: Prices read 92 s apart−0.194% vs −0.275%Part of this gap may be the market moving.
- Watch: Long leg is thinner$40K vs $159K 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 · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0361%/8h × 21 periods−$75.75
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee edgeX bp × 2 orders−$9.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: edgeX: live order book, 48 min ago; OKX: live order book, 27 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX15.20107.2 bp−$107doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX1.27193.8 bp−$194doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.