Funding you earn now, next payment 08:00 UTC−0.0448%/8h= −49.1% APRpaid last 24h +0.027%
Price spread now: OKX against edgeX−0.200%61s7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as 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−$1551.554% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 4 days (all we have)+0.492%+$49 · spread now −0.200%, 7d avg +0.029%
=Together, before fees+0.675%+ Points / potential airdropedgeX: Active · farm board+$67 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.229% cheaper against edgeX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.183%, so the current rate has only just turned against you. The two prices were read 61 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 0.183% in total (about 9.5% 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 SHOPUSDC | 139.10 | 0.0448 | pay 0.0224% / 4h | 16m 29s | $18K | $228K | 10x |
| Short | OKX SHOP-USDT-SWAP | 138.82 | 0 | get 0.0000% / 8h | 16m 29s | $122K | $330K | 20x |
edgeX SHOPUSDC
OKX SHOP-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
- −$94.18
- Price spread: −0.200% → +0.029%
- −$22.92
- Slippage, 4 orders
- −$136.39
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$272.5
- Costs to cover
- 1.554%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 21 min ago; OKX: live order book, 19 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, 21 min ago | 9.68 bp | 25.0 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 19 min ago | 12.93 bp | 19.6 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
SHOP 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SHOPUSDT | 0.0000% | 8h | 139.11 | +0.007% | $376K | $942K | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 139.12 | +0.016% | $845K | $99K | 25x | as long as short |
| OKX SHOP-USDT-SWAPshort | 0.0000% | 8h | 138.82 | −0.200% | $122K | $330K | 20x | |
| Bitget SHOPUSDT | 0.0000% | 8h | 139.06 | −0.027% | $295K | $200K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 139.30 | +0.145% | $9K | $352K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 138.72 | −0.268% | $263K | $6K | 10x | as long as short |
| Gate SHOP_USDT | +0.0430% | 8h | 139.01 | −0.063% | $268K | $63K | 20x | as long as short |
| edgeX SHOPUSDClong | +0.0448% | 4h | 139.10 | long leg | $18K | $228K | 10x |
Binance SHOPUSDT
Bybit SHOPUSDT
Bitget SHOPUSDT
HTX SHOP-USDT
Extended SHOP-USD
Gate SHOP_USDT