Funding you earn now, next payment 08:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.011%
Price spread now: OKX against edgeX+0.095%71s7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as 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−$1591.594% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)+0.164%+$16 · spread now +0.095%, 7d avg +0.150%
=Together, before fees+0.209%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.055% cheaper against edgeX than usual: you would sell low and buy high (spread +0.095% now, against its 7-day average of +0.150%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.045% in total) that is about 8.6 days. The two prices were read 71 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 0.045% in total (about 2.4% 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 | edgeX PYPLUSDC | 52.640 | −0.0325 | get 0.0163% / 4h | 2h 52m | $28K | $248K | 10x |
| Short | OKX PYPL-USDT-SWAP | 52.690 | 0 | get 0.0000% / 8h | 2h 52m | $114K | $39K | 20x |
edgeX PYPLUSDC
OKX PYPL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $68.34
- Price spread: +0.095% → +0.150%
- −$5.54
- Slippage, 4 orders
- −$140.4
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$96.6
- Costs to cover
- 1.594%
- Break-even
- 16.9 days
Slippage from edgeX: live order book, 60 min ago; OKX: live order book, 57 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, 60 min ago | 12.35 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 57 min ago | 2.85 bp | 72.9 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
PYPL 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 PYPLUSDClong | −0.0325% | 4h | 52.640 | long leg | $28K | $248K | 10x | |
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.110 | −1.007% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDT | 0.0000% | 8h | 52.646 | +0.011% | $292K | $190K | 20x | as long as short |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.650 | +0.019% | $371K | $44K | 25x | as long as short |
| OKX PYPL-USDT-SWAPshort | 0.0000% | 8h | 52.690 | +0.095% | $114K | $39K | 20x | |
| Gate PYPL_USDT | 0.0000% | 8h | 52.690 | +0.095% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.660 | +0.038% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.650 | +0.019% | $7K | $18K | 10x | as long as short |
Injective PYPL/USDC PERP
Binance PYPLUSDT
Bybit PYPLUSDT
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT