Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,226 | +0.0006 | pay 0.0003% / 4h | 1h 30m | $30K | $192K | 10x | Long edgeX | |
| SHORT | 1,224.2 | +0.0119 | get 0.0358% / 24h | 11h 30m | $368K | $1.4M | 4.5x | Short Kalshi |
Price gap−0.148%
Funding gap+0.0113% /8h
Funding pays +$3 a day on $10k, but the gap is 0.080% under its 7d average: −$8 if it goes back, about 2.4 days of funding.
Funding on this pair cost 0.619% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$62+0.0113% /8h now · paid −0.619% over the last 7D
Price−$8spread −0.148% now, avg −0.068% → −0.080% if it goes back
Costs−$420.422% of $10k · taker + slippage, in and out
Result−$112−1.12%+ Points / potential airdropedgeX: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Kalshi price against edgeXnow
RANGE STATS · 7D
Now−0.148%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPD on 17 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Large against open interest11.5 / 11.6 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$1,000 + $2,181edgeX 10x, Kalshi 4.5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 24hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.40Long edgeX: 6 payments, −$0.18; short Kalshi: 1 payment, +$3.58.
- Watch: Gap narrower than usual−0.148% vs −0.068%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$30K vs $368K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCedgeX No · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0295%/8h × 21 periods−$61.91
Price spread−0.148% → −0.068% (7d avg)−$8.03
Slippage, 4 orderslive order books−$23.18
Fee edgeX bp × 2 orders−$9.00
Fee Kalshi bp × 2 orders−$10.00
Net · 7 days · $10k−$112.13
Costs to cover0.422%Break-evennever at this rate
Slippage: edgeX: live order book, 6 min ago; Kalshi: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX5.8311.5 bp−$11126.9 bp−$1,269doesn’t fitdoesn’t fit
SELL · SHORTKalshi1.6311.6 bp−$1215.0 bp−$150doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |
gTrade (Gains Network)