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Funding arb · Price arb /

SOFI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.072%
Price spread now: Injective against edgeX+0.389%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on edgeXShort on Injective
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 0.389% dearer against edgeX than usual: you sell high and buy low (spread +0.389% now, against zero (this spread has no 7-day history yet)): +$39 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 6.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX SOFIUSDC17.0140.0246pay 0.0123% / 4h3h 50m$12K$244K10x
ShortInjective SOFI/USDC PERP17.0800.0033get 0.0004% / 1h50m 45s$16K$20K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$44.57
Price spread: +0.389% → 0.000%
$38.93
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$14.66
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: edgeX: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 1 min ago11.76 bp33.2 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Injective no order-book sample—————
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOFI on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SOFI_USDT0.0000%8h17.025+0.066%$159K$13K20xas long as short
Bitget SOFIUSDT0.0000%8h16.999−0.087%$539K$154K20xas long as short
Bybit SOFIUSDT+0.0017%8h17.030+0.095%$544K$840K25xas long as short
Lighter RH SOFI+0.0032%1h17.018+0.025%$31K$16K10xas long as short
Injective SOFI/USDC PERPshort+0.0033%1h17.080+0.389%$16K$20K5.5x
Extended SOFI-USD+0.0040%1h16.995−0.110%$2K$3635xas long as short
Paragon para:SOFI+0.0060%1h16.985−0.169%$100K$44K10xas long as short
edgeX SOFIUSDClong+0.0246%4h17.014long leg$12K$244K10x
Binance SOFIUSDT+0.0788%8h17.014+0.004%$1.6M$715K25xas long as short