Funding you earn now, next payment 12:00 UTC+0.0734%/8h= +80.4% APRnext payment +$3.67 per $10,000 · paid last 24h +0.083%
Price spread now: edgeX against Binance+0.031%110s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as 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−$1991.989% of the position
Funding, last 7 days+0.413%+$41 on $10k
+Price spread, last 2 days (all we have)−0.209%−$21 · spread now +0.031%, 7d avg +0.011%
=Together, before fees+0.204%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate. The two prices were read 110 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 0.413% in total (about 21.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.67 per $10,000. 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 | Binance NAVERUSDT | 147.31 | −0.0089 | get 0.0045% / 4h | 3h 43m | $109K | $214K | 20x |
| Short | edgeX NAVERUSDC | 147.36 | 0.0645 | get 0.0323% / 4h | 3h 43m | $7K | $207K | 10x |
Binance NAVERUSDT
edgeX NAVERUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- $154.2
- Price spread: +0.031% → +0.011%
- $1.91
- Slippage, 4 orders
- −$179.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$42.77
- Costs to cover
- 1.989%
- Break-even
- 8.9 days
Slippage from Binance: live order book, 18 min ago; edgeX: live order book, 53 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 Binance live order book, 18 min ago | 4.75 bp | 78.3 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 53 min ago | 12.53 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
NAVER 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NAVERUSDT | −0.3408% | 8h | 147.12 | −0.129% | $58K | $289K | 20x | as long as short |
| OKX NAVER-USDT-SWAP | −0.0952% | 8h | 147.13 | −0.122% | $11K | $34K | 20x | as long as short |
| Binance NAVERUSDTlong | −0.0089% | 4h | 147.31 | long leg | $109K | $214K | 20x | |
| Bybit NAVERUSDT | 0.0000% | 8h | 147.29 | −0.014% | $20K | $16K | 25x | as long as short |
| Gate NAVER_USDT | 0.0000% | 4h | 147.64 | +0.224% | $78K | $28K | 20x | as long as short |
| GRVT NAVER_USDT_Perp | 0.0000% | 4h | 147.42 | +0.073% | $883 | $112K | 10x | as long as short |
| HTX NAVER-USDT | 0.0000% | 4h | 147.29 | −0.014% | $5K | $379K | 10x | as long as short |
| edgeX NAVERUSDCshort | +0.0645% | 4h | 147.36 | +0.031% | $7K | $207K | 10x |
Bitget NAVERUSDT
OKX NAVER-USDT-SWAP
Bybit NAVERUSDT
Gate NAVER_USDT
GRVT NAVER_USDT_Perp
HTX NAVER-USDT