Funding you earn now, next payment 08:00 UTC+0.1006%/8h= +110.2% APRpaid last 24h −0.068%
Price spread now: edgeX against Bitget−0.299%104s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. edgeX is 0.299% cheaper against Bitget than usual: you would sell low and buy high (spread −0.299% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 24 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.204% in total) that is about 10 days. The two prices were read 104 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 0.204% in total (about 10.6% 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 PENGUSDT | 55.030 | −0.0250 | get 0.0250% / 8h | 2h 35m | $56K | $31K | 20x |
| Short | edgeX PENGUSDC | 54.866 | 0.0756 | get 0.0378% / 4h | 2h 35m | $18K | $261K | 10x |
Bitget PENGUSDT
edgeX PENGUSDCFunding 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
- $211.28
- Price spread: −0.299% → 0.000%
- −$29.87
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $160.41
- Costs to cover
- 0.210%
- Break-even
- 1.7 days
Slippage unknown: Bitget: no order-book sample; edgeX: live order book, 12 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 12 min ago | 14.52 bp | 24.6 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
Bitget: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PENG on 9 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 PENGUSDTlong | −0.0250% | 8h | 55.030 | long leg | $56K | $31K | 20x | |
| QFEX PENG-USD | 0.0000% | 1h | 54.580 | −0.818% | $1.2M | $777K | 10x | as long as short |
| Binance PENGUSDT | 0.0000% | 8h | 54.868 | −0.295% | $135K | $487K | 10x | as long as short |
| OKX PENG-USDT-SWAP | 0.0000% | 8h | 54.970 | −0.109% | $91K | $91K | 20x | as long as short |
| Gate PENG_USDT | 0.0000% | 8h | 54.900 | −0.236% | $29K | $9K | 20x | as long as short |
| HTX PENG-USDT | 0.0000% | 8h | 54.920 | −0.200% | $6K | $281K | 10x | as long as short |
| Vest PENG-USD-PERP | +0.0046% | 1h | 54.650 | −0.691% | — | — | 10x | as long as short |
| Nado PENG-PERP | +0.0100% | 1h | 54.964 | −0.120% | $29K | $3K | 5x | as long as short |
| edgeX PENGUSDCshort | +0.0756% | 4h | 54.866 | −0.299% | $18K | $261K | 10x |
QFEX PENG-USD
Binance PENGUSDT
OKX PENG-USDT-SWAP
Gate PENG_USDT
HTX PENG-USDT
Vest PENG-USD-PERP
Nado PENG-PERP