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Funding arb · Price arb /

SOFI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0756%/8h= +82.8% APRpaid last 24h −0.111%
Price spread now: edgeX against Injective−0.460%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on edgeX
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
Funding pays, the price is against you. edgeX is 0.460% cheaper against Injective than usual: you would sell low and buy high (spread −0.460% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$46 on $10k: about 2.0 days of funding at the current rate (+$23 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SOFI/USDC PERP17.0800.0033pay 0.0004% / 1h20m 41s$16K$20K5.5x
ShortedgeX SOFIUSDC17.0010.0790get 0.0395% / 4h2h 20m$12K$244K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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
$158.82
Price spread: −0.460% → 0.000%
−$45.97
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$103.84
Costs to cover
0.090%
Break-even
2.4 days
Slippage unknown: Injective: no order-book sample; edgeX: live order book, 47 min ago. 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 Injective no order-book sample—————
Sell edgeX live order book, 47 min ago17.62 bp39.0 bp −$39doesn't fitdoesn't fitdoesn't fit
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%8h17.010−0.410%$159K$13K20xas long as short
Bitget SOFIUSDT0.0000%8h16.985−0.556%$537K$154K20xas long as short
Injective SOFI/USDC PERPlong+0.0033%1h17.080long leg$16K$20K5.5x
Extended SOFI-USD+0.0040%1h16.995−0.498%$2K$3635xas long as short
Bybit SOFIUSDT+0.0180%8h16.990−0.527%$535K$828K25xas long as short
Lighter RH SOFI+0.0328%1h17.011−0.404%$30K$16K10xas long as short
Paragon para:SOFI+0.0585%1h16.970−0.644%$100K$45K10xas long as short
edgeX SOFIUSDCshort+0.0790%4h17.001−0.460%$12K$244K10x
Binance SOFIUSDT+0.1201%8h17.004−0.444%$1.6M$703K25xas long as short