Funding you earn now, next payment 08:00 UTC+0.0808%/8h= +88.4% APRpaid last 24h −0.045%
Price spread now: edgeX against Extended+0.281%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1231.232% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 4 days (all we have)−0.480%−$48 · spread now +0.281%, 7d avg −0.012%
=Together, before fees−0.851%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$85 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and edgeX is 0.293% dearer against Extended than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.371%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.371% in total (about -19.3% 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 | Extended SHOP-USD | 138.72 | 0.0120 | pay 0.0015% / 1h | 18m 51s | $263K | $6K | 10x |
| Short | edgeX SHOPUSDC | 139.12 | 0.0928 | get 0.0464% / 4h | 18m 51s | $18K | $227K | 10x |
Extended SHOP-USD
edgeX SHOPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Extended. 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
- $169.58
- Price spread: +0.281% → −0.012%
- $29.35
- Slippage, 4 orders
- −$109.16
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $75.77
- Costs to cover
- 1.232%
- Break-even
- 3.9 days
Slippage from Extended: live order book, 18 min ago; edgeX: live order book, 18 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 Extended live order book, 18 min ago | 33.30 bp | 35.8 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 18 min ago | 9.68 bp | 26.5 bp −$27 | 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 | +0.280% | $376K | $942K | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 139.12 | +0.285% | $845K | $99K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 138.82 | +0.068% | $122K | $330K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 139.06 | +0.241% | $295K | $200K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 139.20 | +0.342% | $9K | $352K | 10x | as long as short |
| Extended SHOP-USDlong | +0.0120% | 1h | 138.72 | long leg | $263K | $6K | 10x | |
| Gate SHOP_USDT | +0.0442% | 8h | 139.00 | +0.198% | $268K | $63K | 20x | as long as short |
| edgeX SHOPUSDCshort | +0.0928% | 4h | 139.12 | +0.281% | $18K | $227K | 10x |
Binance SHOPUSDT
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
Bitget SHOPUSDT
HTX SHOP-USDT
Gate SHOP_USDT