Funding you earn now, next payment 08:00 UTC−0.0860%/8h= −94.1% APRpaid last 24h +0.015%
Price spread now: KuCoin against edgeX−0.062%83s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$704as 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−$7137.128% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.062%, 7d avg +0.037%
=Together, before fees+0.108%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and KuCoin is 0.099% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you. The two prices were read 83 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 0.089% in total (about 4.7% 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 | edgeX JPMUSDC | 352.38 | 0.0960 | pay 0.0480% / 4h | 36m 09s | $36K | $172K | 10x |
| Short | KuCoin JPMUSDTM | 352.16 | 0.0100 | get 0.0100% / 8h | 36m 09s | $155K | $968K | 20x |
edgeX JPMUSDC
KuCoin JPMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against edgeX. 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
- −$180.54
- Price spread: −0.062% → +0.037%
- −$9.92
- Slippage, 4 orders
- −$691.81
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$903.27
- Costs to cover
- 7.128%
- Break-even
- never at this rate
Slippage from edgeX: live order book, just now; KuCoin: live order book, 38 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 edgeX live order book, just now | 5.68 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 38 min ago | 19.16 bp | 160.5 bp −$161 | doesn't fit | doesn't fit | doesn't fit |
JPM on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective JPM/USDC PERP | −0.0220% | 1h | 348.86 | −0.998% | $7K | $45K | 12x | as long as short |
| BloFin JPM-USDT | −0.0011% | 8h | 352.38 | 0.000% | $90K | $27K | 20x | as long as short |
| Aster JPMUSDT | 0.0000% | 8h | 352.32 | −0.017% | $3K | $388 | 20x | as long as short |
| Binance JPMUSDT | 0.0000% | 8h | 352.41 | +0.009% | $942K | $485K | 20x | as long as short |
| Bybit JPMUSDT | 0.0000% | 8h | 352.47 | +0.026% | $154K | $1.1M | 25x | as long as short |
| Gate JPM_USDT | 0.0000% | 8h | 352.40 | +0.006% | $727K | $196K | 25x | as long as short |
| Bitget JPMUSDT | 0.0000% | 8h | 352.12 | −0.073% | $205K | $11K | 20x | as long as short |
| Variational Omni JPM | 0.0000% | 8h | 352.38 | −0.001% | $119K | $7K | — | as long as short |
| GRVT JPM_USDT_Perp | 0.0000% | 8h | 352.44 | +0.018% | $5K | $81K | 10x | as long as short |
| SunX JPM-USDT | 0.0000% | 8h | 352.22 | −0.045% | $1K | $783K | 10x | as long as short |
Injective JPM/USDC PERP
BloFin JPM-USDT
Aster JPMUSDT
Binance JPMUSDT
Bybit JPMUSDT
Gate JPM_USDT
Bitget JPMUSDT
Variational Omni JPM
GRVT JPM_USDT_Perp
SunX JPM-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX JPM-USDT | 0.0000% | 8h | 352.17 | −0.059% | $7K | $39K | 20x | as long as short |
| QFEX JPM-USD | +0.0014% | 1h | 352.13 | −0.071% | $1.1M | $2.5M | 10x | as long as short |
| KuCoin JPMUSDTMshort | +0.0100% | 8h | 352.16 | −0.062% | $155K | $968K | 20x | |
| edgeX JPMUSDClong | +0.0960% | 4h | 352.38 | long leg | $36K | $172K | 10x |
HTX JPM-USDT
QFEX JPM-USD