Funding you earn now, next payment 08:00 UTC−0.1651%/8h= −180.8% APRpaid last 24h −0.011%
Price spread now: edgeX against Gate+0.039%67s7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$592as 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−$5785.780% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.039%, 7d avg −0.035%
=Together, before fees−0.212%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.073% dearer against Gate than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.035%): +$7 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.140% in total) that is about 3.7 days. The two prices were read 67 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 -0.140% in total (about -7.3% 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 | Gate SHOP_USDT | 139.32 | 0.1263 | pay 0.1263% / 8h | 3h 30m | $268K | $60K | 20x |
| Short | edgeX SHOPUSDC | 139.37 | −0.0388 | pay 0.0194% / 4h | 3h 30m | $18K | $225K | 10x |
Gate SHOP_USDT
edgeX SHOPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Gate. 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
- −$346.73
- Price spread: +0.039% → −0.035%
- $7.35
- Slippage, 4 orders
- −$553.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$917.35
- Costs to cover
- 5.780%
- Break-even
- never at this rate
Slippage from Gate: live order book, 17 min ago; edgeX: live order book, 22 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 Gate live order book, 17 min ago | 30.10 bp | 305.9 bp −$306 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 22 min ago | 6.43 bp | 21.8 bp −$22 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SHOPUSDCshort | −0.0388% | 4h | 139.37 | +0.039% | $18K | $225K | 10x | |
| Binance SHOPUSDT | 0.0000% | 8h | 139.40 | +0.056% | $389K | $873K | 20x | as long as short |
| Bybit SHOPUSDT | 0.0000% | 8h | 139.65 | +0.237% | $854K | $88K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 139.37 | +0.036% | $125K | $321K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 139.47 | +0.108% | $317K | $180K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 139.41 | +0.065% | $9K | $350K | 10x | as long as short |
| Extended SHOP-USD | +0.0120% | 1h | 138.72 | −0.427% | $263K | $6K | 10x | as long as short |
| Gate SHOP_USDTlong | +0.1263% | 8h | 139.32 | long leg | $268K | $60K | 20x |
Binance SHOPUSDT
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
Bitget SHOPUSDT
HTX SHOP-USDT
Extended SHOP-USD