Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,223.5 | +0.0119 | pay 0.0356% / 24h | 12h 20m | $373K | $1.4M | 4.5x | Long Kalshi | |
| SHORT | 1,225.5 | +0.0012 | get 0.0006% / 4h | 2h 20m | $30K | $192K | 10x | Short edgeX |
Price gap+0.162%
Funding gap−0.0106% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 3.0 days.
Funding on this pair paid 0.623% 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+$62−0.0106% /8h now · paid +0.623% over the last 7D
Price+$10spread +0.162% now, avg +0.067% → +0.096% if it goes back
Costs−$330.330% of $10k · taker + slippage, in and out
Result+$39+0.39%+ 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
edgeX price against Kalshinow
RANGE STATS · 7D
Now+0.162%
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
2 ok · 4 to watch- Watch: Large against open interest9.7 / 6.4 bp$10k is over 10% of edgeX’s open interest.
- Note: Margin at max leverage$2,181 + $1,000Kalshi 4.5x, edgeX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.19Long Kalshi: 1 payment, −$3.56; short edgeX: 6 payments, +$0.37.
- OK: Entry gap works for you+0.162% vs +0.067%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$30K vs $373K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- Watch: KYCKalshi Yes · edgeX NoA 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+0.0297%/8h × 21 periods+$62.33
Price spread+0.162% → +0.067% (7d avg)+$9.55
Slippage, 4 orderslive order books−$13.96
Fee Kalshi bp × 2 orders−$10.00
Fee edgeX bp × 2 orders−$9.00
Net · 7 days · $10k+$38.93
Costs to cover0.330%Break-even2.6 days
Slippage: Kalshi: live order book, 3 min ago; edgeX: live order book, 21 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi4.499.7 bp−$1012.4 bp−$124doesn’t fitdoesn’t fit
SELL · SHORTedgeX0.866.4 bp−$6123.2 bp−$1,232doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |
gTrade (Gains Network)