Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 49.337 | −0.0911 | get 0.0455% / 4h | 2h 41m | $102K | $189K | 10x | Long edgeX | |
| SHORT | 49.556 | +0.0249 | get 0.0031% / 1h | 41m 54s | $181K | $44K | 10x | Short Entropy |
Price gap+0.444%59s
Funding gap+0.1160% /8h
Both sides work: funding pays +$35 a day on $10k, and the gap is 0.291% above its 7d average: +$29 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$76+0.1160% /8h now · paid +0.757% over the last 7D
Price—spread +0.444%59s now · prices read too far apart to compare
Costs−$2902.902% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.757% in total, about +0.0360%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.444%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hTENCENT on 12 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size109.8 / 30.1 bpAt $10k entering edgeX costs 109.8 bp, fee and slippage, 3.6× Entropy’s.
- Note: Margin at max leverage$1,000 + $1,000edgeX 10x, Entropy 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$34.81Long edgeX: 6 payments, +$27.33; short Entropy: 24 payments, +$7.48.
- Watch: Prices read 59 s apart+0.444% vs +0.153%Part of this gap may be the market moving.
- Watch: Long leg is thinner$102K vs $181K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · Entropy NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0360%/8h × 21 periods+$75.67
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$279.39
Fee edgeX bp × 2 orders−$9.00
Fee Entropy bp × 2 orders−$1.80
Net · 7 days · $10k−$214.52
price spread not counted: prices read too far apartCosts to cover2.902%Break-even26.8 days
Slippage: edgeX: live order book, 64 min ago; Entropy: live order book, 42 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX14.19109.8 bp−$110doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTEntropy8.0730.1 bp−$30doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
BingX