Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 71.538 | +0.0782 | pay 0.0391% / 4h | 2h 44m | $37K | $275K | 10x | Long edgeX | |
| SHORT | 71.430 | 0 | 0.0000% / 8h | 2h 44m | $11K | $2.2M | 10x | Short SunX≤10% back |
Price gap−0.151%
Funding gap−0.0782% /8h
Both sides work against this direction now: funding costs $23 a day on $10k and the gap is 0.212% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$18−0.0782% /8h now · paid −0.180% over the last 7D
Price−$21spread −0.151% now, avg +0.061% → −0.212% if it goes back
Costs−$640.636% of $10k · taker + slippage, in and out
Result−$103−1.03%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.180% in total, about −0.0086%/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−0.151%
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
2 ok · 4 to watch- Watch: Thin at this size12.4 / 19.1 bpAt $10k entering SunX costs 19.1 bp, fee and slippage, 1.5× edgeX’s.
- Note: Margin at max leverage$1,000 + $1,000edgeX 10x, SunX 10x. 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: −$23.45Long edgeX: 6 payments, −$23.45; short SunX: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.151% vs +0.061%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$11K vs $37K OISunX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0086%/8h × 21 periods−$18.04
Price spread−0.151% → +0.061% (7d avg)−$21.17
Slippage, 4 orderslive order books−$46.64
Fee edgeX bp × 2 orders−$9.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$102.85
Costs to cover0.636%Break-evennever at this rate
Slippage: edgeX: live order book, 18 min ago; SunX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX6.3112.4 bp−$1227.1 bp−$271doesn’t fitdoesn’t fit
SELL · SHORTSunX14.6619.1 bp−$19doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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