Funding you earn now, next payment 04:00 UTC−0.0605%/8h= −66.3% APRpaid last 24h −0.015%
Price spread now: edgeX against Bitget+0.028%74s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as 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−$1271.267% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.028%, 7d avg −0.003%
=Together, before fees−0.087%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.031% dearer against Bitget than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.003%): +$3 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.065% in total) that is about 3.4 days. The two prices were read 74 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 -0.065% in total (about -3.4% 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 | Bitget KOUSDT | 87.460 | 0 | get 0.0000% / 8h | 5h 40m | $543K | $142K | 20x |
| Short | edgeX KOUSDC | 87.484 | −0.0605 | pay 0.0303% / 4h | 1h 40m | $88K | $209K | 10x |
Bitget KOUSDT
edgeX KOUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. 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
- −$127.12
- Price spread: +0.028% → −0.003%
- $3.12
- Slippage, 4 orders
- −$105.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$250.71
- Costs to cover
- 1.267%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 20 min ago; edgeX: live order book, 22 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 Bitget live order book, 20 min ago | 8.57 bp | 36.0 bp −$36 | 41.2 bp −$412 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 22 min ago | 13.15 bp | 31.2 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
KO on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX KOUSDCshort | −0.0605% | 4h | 87.484 | +0.028% | $88K | $209K | 10x | |
| Binance KOUSDT | 0.0000% | 8h | 87.590 | +0.149% | $810K | $605K | 20x | as long as short |
| Bybit KOUSDT | 0.0000% | 8h | 87.460 | 0.000% | $343K | $19K | 25x | as long as short |
| OKX KO-USDT-SWAP | 0.0000% | 8h | 87.550 | +0.103% | $759K | $308K | 20x | as long as short |
| Gate KO_USDT | 0.0000% | 8h | 87.480 | +0.023% | $546K | $14K | 25x | as long as short |
| Bitget KOUSDTlong | 0.0000% | 8h | 87.460 | long leg | $543K | $142K | 20x | |
| HTX KO-USDT | 0.0000% | 8h | 87.600 | +0.160% | $5K | $367K | 10x | as long as short |
| KuCoin KOUSDTM | +0.0100% | 8h | 87.370 | −0.103% | $56K | $2.2M | 20x | as long as short |
Binance KOUSDT
Bybit KOUSDT
OKX KO-USDT-SWAP
Gate KO_USDT
HTX KO-USDT
KuCoin KOUSDTM