Funding you earn now, next payment 12:00 UTC+0.0661%/8h= +72.3% APRnext payment +$3.30 per $10,000 · paid last 24h −0.083%
Price spread now: Binance against edgeX+0.058%100s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$240as 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)+0.121%+$12 · spread now +0.058%, 7d avg −0.011%
=Together, before fees−0.292%+ Points / potential airdropedgeX: Active · farm board−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Binance is 0.069% dearer against edgeX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.413%, so the current rate has only just turned in your favour. The two prices were read 100 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 +$3.30 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 | edgeX NAVERUSDC | 147.25 | −0.0698 | get 0.0349% / 4h | 3h 37m | $7K | $206K | 10x |
| Short | Binance NAVERUSDT | 147.33 | −0.0038 | pay 0.0019% / 4h | 3h 37m | $109K | $214K | 20x |
edgeX NAVERUSDC
Binance NAVERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $138.74
- Price spread: +0.058% → −0.011%
- $6.9
- Slippage, 4 orders
- −$179.88
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$53.25
- Costs to cover
- 1.989%
- Break-even
- 9.7 days
Slippage from edgeX: live order book, 59 min ago; Binance: live order book, 24 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, 59 min ago | 12.53 bp | 36.4 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 24 min ago | 4.75 bp | 39.6 bp −$40 | 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 | −0.3319% | 8h | 147.26 | +0.010% | $58K | $289K | 20x | as long as short |
| OKX NAVER-USDT-SWAP | −0.0903% | 8h | 147.13 | −0.078% | $11K | $34K | 20x | as long as short |
| edgeX NAVERUSDClong | −0.0698% | 4h | 147.25 | long leg | $7K | $206K | 10x | |
| Binance NAVERUSDTshort | −0.0038% | 4h | 147.33 | +0.058% | $109K | $214K | 20x | |
| Bybit NAVERUSDT | 0.0000% | 8h | 147.35 | +0.071% | $20K | $16K | 25x | as long as short |
| Gate NAVER_USDT | 0.0000% | 4h | 147.58 | +0.227% | $78K | $28K | 20x | as long as short |
| GRVT NAVER_USDT_Perp | 0.0000% | 4h | 147.36 | +0.079% | $877 | $111K | 10x | as long as short |
| HTX NAVER-USDT | 0.0000% | 4h | 146.74 | −0.343% | $5K | $379K | 10x | as long as short |
Bitget NAVERUSDT
OKX NAVER-USDT-SWAP
Bybit NAVERUSDT
Gate NAVER_USDT
GRVT NAVER_USDT_Perp
HTX NAVER-USDT