Funding you earn now, next payment 08:00 UTC−0.0916%/8h= −100.3% APRpaid last 24h +0.007%
Price spread now: edgeX against Binance+0.224%110s7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as 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−$440.436% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.224%, 7d avg +0.005%
=Together, before fees−0.376%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.219% dearer against Binance than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of +0.005%): +$22 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.090% in total) that is about 17 days. The two prices were read 110 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 -0.090% in total (about -4.7% 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 WDCUSDT | 442.51 | 0 | get 0.0000% / 8h | 2h 33m | $7.3M | $25.2M | 20x |
| Short | edgeX WDCUSDC | 443.51 | −0.0916 | pay 0.0458% / 4h | 2h 33m | $49K | $230K | 10x |
Binance WDCUSDT
edgeX WDCUSDCFunding 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
- −$192.31
- Price spread: +0.224% → +0.005%
- $21.9
- Slippage, 4 orders
- −$24.63
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$214.04
- Costs to cover
- 0.436%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; edgeX: live order book, 13 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, 7 min ago | 1.13 bp | 11.9 bp −$12 | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 13 min ago | 2.36 bp | 10.6 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
WDC on 17 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 WDCUSDCshort | −0.0916% | 4h | 443.51 | +0.224% | $49K | $230K | 10x | |
| Bitget WDCUSDT | −0.0294% | 8h | 442.95 | +0.098% | $1.1M | $1.1M | 20x | as long as short |
| Aster WDCUSDT | 0.0000% | 8h | 443.15 | +0.144% | $20K | $125K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 442.37 | −0.032% | $4K | $166K | 10x | as long as short |
| Binance WDCUSDTlong | 0.0000% | 8h | 442.51 | long leg | $7.3M | $25.2M | 20x | |
| Bybit WDCUSDT | 0.0000% | 8h | 442.64 | +0.028% | $1.9M | $871K | 25x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 442.40 | −0.026% | $1.9M | $2.5M | 50x | as long as short |
| GRVT WDC_USDT_Perp | 0.0000% | 8h | 443.63 | +0.251% | $515 | $152K | 10x | as long as short |
| QFEX WDC-USD | +0.0018% | 1h | 442.41 | −0.024% | $1.1M | $3.1M | 10x | as long as short |
| BloFin WDC-USDT | +0.0026% | 8h | 444.03 | +0.342% | $143K | $94K | 20x | as long as short |
Bitget WDCUSDT
Aster WDCUSDT
Extended WDC-USD
Bybit WDCUSDT
Gate WDC_USDT
GRVT WDC_USDT_Perp
QFEX WDC-USD
BloFin WDC-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter WDC | +0.0032% | 1h | 442.37 | −0.033% | — | — | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0050% | 1h | 442.33 | −0.042% | $2.3M | $2.1M | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0055% | 8h | 442.48 | −0.008% | $2.1M | $4.1M | 20x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 442.52 | +0.001% | $271K | $45K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 442.83 | +0.071% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 442.90 | +0.087% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 443.79 | +0.288% | $33K | $8K | 10x | as long as short |
Lighter WDC
tradeXYZ xyz:WDC
OKX WDC-USDT-SWAP
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT