Funding you earn now, next payment 04:00 UTC−0.0450%/8h= −49.3% APRpaid last 24h +0.054%
Price spread now: Binance against edgeX+0.020%60s7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as 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−$390.395% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.020%, 7d avg −0.005%
=Together, before fees+0.269%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.026% dearer against edgeX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you. The two prices were read 60 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 0.100% in total (about 5.2% 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 | edgeX WDCUSDC | 451.46 | 0.0500 | pay 0.0250% / 4h | 40m 32s | $50K | $229K | 10x |
| Short | Binance WDCUSDT | 451.55 | 0.0050 | get 0.0050% / 8h | 4h 40m | $7.5M | $24.7M | 20x |
edgeX WDCUSDC
Binance WDCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. 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
- −$94.51
- Price spread: +0.020% → −0.005%
- $2.58
- Slippage, 4 orders
- −$20.45
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$131.39
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 17 min ago; Binance: live order book, 1 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 edgeX live order book, 17 min ago | 1.88 bp | 9.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.77 bp | 8.3 bp −$8 | 36.3 bp −$363 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster WDCUSDT | 0.0000% | 8h | 451.33 | −0.028% | $11K | $115K | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 451.35 | −0.024% | $2.0M | $815K | 25x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 451.50 | +0.009% | $1.9M | $2.4M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 451.49 | +0.007% | $1.2M | $1.1M | 20x | as long as short |
| Lighter WDC | +0.0032% | 1h | 451.14 | −0.070% | — | — | 10x | as long as short |
| BloFin WDC-USDT | +0.0035% | 8h | 451.57 | +0.025% | $147K | $94K | 20x | as long as short |
| Extended WDC-USD | +0.0048% | 1h | 451.43 | −0.005% | $3K | $132K | 10x | as long as short |
| tradeXYZ xyz:WDC | +0.0050% | 1h | 451.21 | −0.055% | $2.4M | $2.1M | 10x | as long as short |
| Binance WDCUSDTshort | +0.0050% | 8h | 451.55 | +0.020% | $7.5M | $24.7M | 20x | |
| QFEX WDC-USD | +0.0058% | 1h | 451.45 | −0.002% | $1.1M | $3.4M | 10x | as long as short |
Aster WDCUSDT
Bybit WDCUSDT
Gate WDC_USDT
Bitget WDCUSDT
Lighter WDC
BloFin WDC-USDT
Extended WDC-USD
tradeXYZ xyz:WDC
QFEX WDC-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WDCUSDTM | +0.0100% | 8h | 451.38 | −0.017% | $277K | $45K | 20x | as long as short |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 451.34 | −0.026% | $9K | $2K | 10x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 451.40 | −0.013% | — | $2.4M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 451.65 | +0.043% | $33K | $8K | 10x | as long as short |
| OKX WDC-USDT-SWAP | +0.0148% | 8h | 451.76 | +0.067% | $2.2M | $3.9M | 20x | as long as short |
| GRVT WDC_USDT_Perp | +0.0258% | 8h | 451.18 | −0.062% | $537 | $157K | 10x | as long as short |
| edgeX WDCUSDClong | +0.0500% | 4h | 451.46 | long leg | $50K | $229K | 10x |
KuCoin WDCUSDTM
Orderly PERP_WDC_USDC_mythos
SunX WDC-USDT
HTX WDC-USDT
OKX WDC-USDT-SWAP
GRVT WDC_USDT_Perp