Settings8H · net · $10k
Funding arb · Price arb /

ON

all ON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0011%/8h= −1.2% APRnext payment $0.06 per $10,000 · paid last 24h +0.001%
Price spread now: Gate against edgeX−0.347%67s7-day average −0.217% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.154%−$15 on $10k
Price spread, last 4 days (all we have)+0.980%+$98 · spread now −0.347%, 7d avg −0.217%
Together, before fees+0.826%+ Points / potential airdropedgeX: Active · farm board+$83 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.130% cheaper against edgeX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.217%). Swap the legs. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ONUSDC0.13050.0111pay 0.0056% / 4h3h 02m$9K$131K10x
ShortGate ON_USDT0.13010.0100get 0.0050% / 4h3h 02m$287K$23K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$2.39
Price spread: −0.347% → −0.217%
−$12.98
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$39.37
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 29 min ago; Gate: live order book, 27 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 29 min ago9.26 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 27 min ago17.37 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ON on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ONUSDT+0.0100%4h0.1303−0.136%$427K$32K5xas long as short
Binance ONUSDT+0.0100%4h0.1307+0.122%$5.7M$3.8M50xas long as short
Gate ON_USDTshort+0.0100%4h0.1301−0.347%$287K$23K5x
MEXC ON_USDT+0.0100%4h0.1306+0.059%$1.6M$544K50xas long as short
KuCoin ONUSDTM+0.0100%4h0.1305−0.056%$707K$37K50xas long as short
BingX ON-USDT+0.0100%4h0.1307+0.136%$6.6Mas long as short
Variational Omni ON+0.0100%4h0.1304−0.072%$23K$11as long as short
edgeX ONUSDClong+0.0111%4h0.1305long leg$9K$131K10x