Funding you earn now, next payment 12:00 UTC+0.0456%/8h= +50.0% APRpaid last 24h +0.006%
Price spread now: Gate against edgeX−0.120%82s7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$308as 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−$3213.210% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.120%, 7d avg +0.031%
=Together, before fees+0.308%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.151% cheaper against edgeX than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.031%). If the spread goes back, that is −$15 on $10k: about 26 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.129% in total) that is about 8.2 days. The two prices were read 82 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 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SHOPUSDC | 140.45 | −0.0456 | get 0.0228% / 4h | 2h 20m | $18K | $226K | 10x |
| Short | Gate SHOP_USDT | 140.28 | 0 | get 0.0000% / 8h | 6h 20m | $276K | $70K | 20x |
edgeX SHOPUSDC
Gate SHOP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $95.81
- Price spread: −0.120% → +0.031%
- −$15.08
- Slippage, 4 orders
- −$297
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$240.27
- Costs to cover
- 3.210%
- Break-even
- 24.6 days
Slippage from edgeX: live order book, 30 min ago; Gate: live order book, 27 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, 30 min ago | 12.19 bp | 26.7 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 27 min ago | 6.82 bp | 135.1 bp −$135 | doesn't fit | doesn't fit | doesn't fit |
SHOP on 8 exchanges
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 SHOPUSDClong | −0.0456% | 4h | 140.45 | long leg | $18K | $226K | 10x | |
| Binance SHOPUSDT | 0.0000% | 8h | 140.44 | −0.005% | $380K | $1.1M | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 140.51 | +0.044% | $851K | $111K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 140.26 | −0.134% | $118K | $357K | 20x | as long as short |
| Gate SHOP_USDTshort | 0.0000% | 8h | 140.28 | −0.120% | $276K | $70K | 20x | |
| Bitget SHOPUSDT | 0.0000% | 8h | 140.39 | −0.042% | $341K | $253K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 140.19 | −0.184% | $9K | $353K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 140.39 | −0.038% | $265K | $6K | 10x | as long as short |
Binance SHOPUSDT
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
Bitget SHOPUSDT
HTX SHOP-USDT
Extended SHOP-USD