Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 71.550 | 0 | 0.0000% / 8h | 7h 51m | $11K | $1.9M | 10x | Long SunX≤10% back | |
| SHORT | 71.387 | +0.0530 | get 0.0265% / 4h | 3h 51m | $37K | $286K | 10x | Short edgeX |
Price gap−0.228%
Funding gap+0.0530% /8h
Funding pays +$16 a day on $10k, but the gap is 0.171% under its 7d average: −$17 if it goes back, about 26 hours of funding. At the last 7 days' pace that is about 6.8 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$18+0.0530% /8h now · paid +0.176% over the last 7D
Price−$17spread −0.228% now, avg −0.057% → −0.171% if it goes back
Costs−$950.954% of $10k · taker + slippage, in and out
Result−$95−0.95%+ 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 +0.176% in total, about +0.0084%/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−0.228%
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 size23.7 / 34.5 bpAt $10k entering edgeX costs 34.5 bp, fee and slippage, 1.5× SunX’s.
- Note: Margin at max leverage$1,000 + $1,000SunX 10x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$15.90Long SunX: 3 payments, $0.00; short edgeX: 6 payments, +$15.90.
- Watch: Gap narrower than usual−0.228% vs −0.057%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long 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 legSunX No · edgeX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0084%/8h × 21 periods+$17.58
Price spread−0.228% → −0.057% (7d avg)−$17.08
Slippage, 4 orderslive order books−$78.35
Fee SunX bp × 2 orders−$8.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k−$94.85
Costs to cover0.954%Break-even44.8 days
Slippage: SunX: live order book, 11 min ago; edgeX: live order book, 36 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX15.4623.7 bp−$24doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTedgeX11.2834.5 bp−$3452.3 bp−$523doesn’t fitdoesn’t fit
Closing costs about the same again.
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