Funding you earn now, next payment 12:00 UTC−0.0802%/8h= −87.8% APRpaid last 24h −0.059%
Price spread now: edgeX against OKX+0.102%111s7-day average −0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$218as 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−$2022.020% of the position
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)−1.107%−$111 · spread now +0.102%, 7d avg −0.055%
=Together, before fees−1.270%+ Points / potential airdropedgeX: Active · farm board−$127 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.157% dearer against OKX than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.055%): +$16 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.163% in total) that is about 6.7 days. The two prices were read 111 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 -0.163% in total (about -8.5% 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 | OKX SKDD-USDT-SWAP | 7.1190 | 0 | get 0.0000% / 8h | 7h 43m | $387K | $1.0M | 20x |
| Short | edgeX SKDDUSDC | 7.1262 | −0.0802 | pay 0.0401% / 4h | 3h 43m | $8K | $163K | 10x |
OKX SKDD-USDT-SWAP
edgeX SKDDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against OKX. 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
- −$168.34
- Price spread: +0.102% → −0.055%
- $15.67
- Slippage, 4 orders
- −$183.04
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$354.71
- Costs to cover
- 2.020%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; edgeX: live order book, 53 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 OKX live order book, 3 min ago | 4.20 bp | 64.2 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 53 min ago | 9.22 bp | 55.2 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
SKDD on 9 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 SKDDUSDCshort | −0.0802% | 4h | 7.1262 | +0.102% | $8K | $163K | 10x | |
| Binance SKDDUSDT | 0.0000% | 8h | 7.1270 | +0.113% | $351K | $1.3M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.1300 | +0.155% | $56K | $177K | 25x | as long as short |
| OKX SKDD-USDT-SWAPlong | 0.0000% | 8h | 7.1190 | long leg | $387K | $1.0M | 20x | |
| Gate SKDD_USDT | 0.0000% | 8h | 7.1510 | +0.450% | $121K | $30K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 7.1300 | +0.155% | $700K | $103K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.1460 | +0.379% | $3K | $41K | 20x | as long as short |
| MEXC SKDD_USDT | +0.1119% | 8h | 7.1280 | +0.126% | $873K | $133K | 20x | as long as short |
| Bitget SKDDUSDT | +0.2509% | 8h | 7.1070 | −0.169% | $182K | $231K | 20x | as long as short |
Binance SKDDUSDT
Bybit SKDDUSDT
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
MEXC SKDD_USDT
Bitget SKDDUSDT