Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 71.022 | +0.0497 | pay 0.0249% / 4h | 2h 57m | $37K | $285K | 10x | Long edgeX | |
| SHORT | 70.780 | +0.1322 | get 0.0165% / 1h | 57m 53s | $319K | $1.5M | 10x | Short Backpack |
Price gap−0.341%
Funding gap+0.0825% /8h
Funding pays +$25 a day on $10k, but the gap is 0.319% under its 7d average: −$32 if it goes back, about 31 hours of funding. At the last 7 days' pace that is about 13 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$17+0.0825% /8h now · paid +0.169% over the last 7D
Price−$32spread −0.341% now, avg −0.022% → −0.319% if it goes back
Costs−$370.370% of $10k · taker + slippage, in and out
Result−$52−0.52%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.169% in total, about +0.0080%/8h on average.
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−0.341%
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
/8hINTC on 43 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest12.2 / 6.4 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$1,000 + $1,000edgeX 10x, Backpack 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$24.76Long edgeX: 6 payments, −$14.91; short Backpack: 24 payments, +$39.67.
- Watch: Gap narrower than usual−0.341% vs −0.022%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$37K vs $319K 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 · Backpack YesKYC (ID, face scan, residency and source of income) before any trading.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0080%/8h × 21 periods+$16.90
Price spread−0.341% → −0.022% (7d avg)−$31.93
Slippage, 4 orderslive order books−$17.97
Fee edgeX bp × 2 orders−$9.00
Fee Backpack bp × 2 orders−$10.00
Net · 7 days · $10k−$51.99
Costs to cover0.370%Break-even28.5 days
Slippage: edgeX: live order book, 25 min ago; Backpack: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX6.3212.2 bp−$1228.2 bp−$282doesn’t fitdoesn’t fit
SELL · SHORTBackpack1.416.4 bp−$634.8 bp−$348doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-29 20:22 | Phoenix | Other | JUST IN: Intel lost over $80B in market value in five minutes, more than the entire market cap of $XRP. $INTC is trading at $72.97 on Phoenix, 24/7. @PhoenixTrade on X ↗ |
| 10-29 14:50 | Phoenix | Other | Five Phoenix-listed equities report after the close today. $SNDK 4:30pm ET. $AMZN, $INTC, $MSTR and $COIN 5:00pm ET. Trade them 24/7 on Phoenix. @PhoenixTrade on X ↗ |
| 10-29 12:15 | Phemex | Other | Last night AI earnings split the room: one up, one down. Tonight it's $AMZN and $INTC. Our AI Trader made its call. Yours? 👇 INTC/USDT: @Phemex_official on X ↗ |
| 10-28 17:38 | QFEX | Other | Max leverage is increased to 20x across the following markets on QFEX $SNDK, $GOOGL, $NVDA, $MU, $SKHY, $INTC, $NBIS, $CRCL, $CBRS, $META, $TSLA, $MRVL, $AAPL, $AMZN, $MSFT, $MSTR and $ANTHROPIC. @QFEX on X ↗ |
| 10-28 15:31 | Markets by Kinetiq | Other | 13 companies still to report this week. Alphabet and Microsoft report today after the close. Amazon, Coinbase and Intel follow Thursday. Chevron closes it out Friday morning. @Markets_xyz on X ↗ |
| 10-28 14:43 | RISEx | Other | Post-FOMC now, then GPB and PCE tomorrow Happy trading: $HOOD: $GOOGL: $SNDK: $INTC: $MSTR: @risextrade on X ↗ |


Phoenix
Phemex
RISEx