Funding you earn now, next payment 10:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.069%
Price spread now: edgeX against tradeXYZ+0.052%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$490.493% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.052%, 7d avg +0.019%
=Together, before fees−0.226%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.033% dearer against tradeXYZ than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:WDC | 442.52 | 0.0050 | pay 0.0006% / 1h | 9m 10s | $2.3M | $2.1M | 10x |
| Short | edgeX WDCUSDC | 442.75 | 0.0301 | get 0.0151% / 4h | 2h 09m | $49K | $229K | 10x |
tradeXYZ xyz:WDC
edgeX WDCUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against tradeXYZ. 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
- $52.81
- Price spread: +0.052% → +0.019%
- $3.31
- Slippage, 4 orders
- −$22.26
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $6.85
- Costs to cover
- 0.493%
- Break-even
- 6.1 days
Slippage from tradeXYZ: live order book, 2 min ago; edgeX: live order book, 41 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 tradeXYZ live order book, 2 min ago | 1.36 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 41 min ago | 2.49 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
WDC on 17 exchanges
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 | 442.58 | +0.015% | $10K | $136K | 20x | as long as short |
| Extended WDC-USD | 0.0000% | 1h | 442.86 | +0.077% | $6K | $191K | 10x | as long as short |
| Binance WDCUSDT | 0.0000% | 8h | 443.04 | +0.118% | $7.3M | $26.1M | 20x | as long as short |
| Bybit WDCUSDT | 0.0000% | 8h | 443.02 | +0.113% | $1.9M | $707K | 25x | as long as short |
| OKX WDC-USDT-SWAP | 0.0000% | 8h | 443.18 | +0.149% | $2.0M | $4.5M | 20x | as long as short |
| Gate WDC_USDT | 0.0000% | 8h | 442.90 | +0.086% | $1.9M | $2.3M | 50x | as long as short |
| Bitget WDCUSDT | 0.0000% | 8h | 442.97 | +0.102% | $1.1M | $1.1M | 20x | as long as short |
| GRVT WDC_USDT_Perp | +0.0002% | 8h | 442.75 | +0.052% | $522 | $136K | 10x | as long as short |
| BloFin WDC-USDT | +0.0017% | 8h | 443.18 | +0.149% | $137K | $98K | 20x | as long as short |
| Lighter WDC | +0.0032% | 1h | 442.39 | −0.029% | — | — | 10x | as long as short |
Aster WDCUSDT
Extended WDC-USD
Binance WDCUSDT
Bybit WDCUSDT
OKX WDC-USDT-SWAP
Gate WDC_USDT
Bitget WDCUSDT
GRVT WDC_USDT_Perp
BloFin WDC-USDT
Lighter WDCShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX WDC-USD | +0.0041% | 1h | 442.88 | +0.081% | $1.1M | $3.1M | 10x | as long as short |
| tradeXYZ xyz:WDClong | +0.0050% | 1h | 442.52 | long leg | $2.3M | $2.1M | 10x | |
| Orderly PERP_WDC_USDC_mythos | +0.0100% | 8h | 442.57 | +0.011% | $9K | $2K | 10x | as long as short |
| KuCoin WDCUSDTM | +0.0100% | 8h | 442.47 | −0.011% | $274K | $186K | 20x | as long as short |
| SunX WDC-USDT | +0.0100% | 8h | 442.90 | +0.086% | — | $1.8M | 10x | as long as short |
| HTX WDC-USDT | +0.0100% | 8h | 443.04 | +0.118% | $33K | $7K | 20x | as long as short |
| edgeX WDCUSDCshort | +0.0301% | 4h | 442.75 | +0.052% | $49K | $229K | 10x |
QFEX WDC-USD
Orderly PERP_WDC_USDC_mythos
KuCoin WDCUSDTM
SunX WDC-USDT
HTX WDC-USDT