Funding you earn now, next payment 04:00 UTC−0.2143%/8h= −234.7% APRpaid last 24h −0.317%
Price spread now: edgeX against Binance−0.022%70s7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as 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−$1111.110% of the position
Funding, last 7 days−0.883%−$88 on $10k
+Price spread, last 2 days (all we have)−0.026%−$3 · spread now −0.022%, 7d avg +0.007%
=Together, before fees−0.909%+ Points / potential airdropedgeX: Active · farm board−$91 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$64 a day on $10k at the current rate, and edgeX is 0.029% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.007%). Swap the legs. The two prices were read 70 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 -0.883% in total (about -46.0% 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 | Binance SOFIUSDT | 17.006 | 0.1199 | pay 0.1199% / 8h | 6h 22m | $1.6M | $703K | 25x |
| Short | edgeX SOFIUSDC | 17.002 | −0.0944 | pay 0.0472% / 4h | 2h 22m | $12K | $243K | 10x |
Binance SOFIUSDT
edgeX SOFIUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- −$450.11
- Price spread: −0.022% → +0.007%
- −$2.91
- Slippage, 4 orders
- −$91.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$564.01
- Costs to cover
- 1.110%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; edgeX: live order book, 45 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 Binance live order book, 11 min ago | 2.94 bp | 18.0 bp −$18 | 76.9 bp −$769 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 45 min ago | 17.62 bp | 39.0 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
SOFI 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 SOFIUSDCshort | −0.0944% | 4h | 17.002 | −0.022% | $12K | $243K | 10x | |
| Gate SOFI_USDT | 0.0000% | 8h | 17.010 | +0.026% | $159K | $13K | 20x | as long as short |
| Bitget SOFIUSDT | 0.0000% | 8h | 16.982 | −0.138% | $537K | $154K | 20x | as long as short |
| Injective SOFI/USDC PERP | +0.0033% | 1h | 17.080 | +0.438% | $16K | $20K | 5.5x | as long as short |
| Extended SOFI-USD | +0.0040% | 1h | 16.995 | −0.062% | $2K | $363 | 5x | as long as short |
| Bybit SOFIUSDT | +0.0208% | 8h | 16.990 | −0.091% | $535K | $828K | 25x | as long as short |
| Lighter RH SOFI | +0.0344% | 1h | 17.012 | +0.038% | $30K | $16K | 10x | as long as short |
| Paragon para:SOFI | +0.0574% | 1h | 16.970 | −0.209% | $100K | $45K | 10x | as long as short |
| Binance SOFIUSDTlong | +0.1199% | 8h | 17.006 | long leg | $1.6M | $703K | 25x |
Gate SOFI_USDT
Bitget SOFIUSDT
Injective SOFI/USDC PERP
Extended SOFI-USD
Bybit SOFIUSDT
Lighter RH SOFI
Paragon para:SOFI