Funding you earn now, next payment 04:00 UTC−0.0247%/8h= −27.1% APRpaid last 24h −0.079%
Price spread now: edgeX against Kraken Futures+0.026%76s7-day average −0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as 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−$790.791% of the position
Funding, last 7 days−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.026%, 7d avg −0.135%
=Together, before fees−0.237%+ Points / potential airdropedgeX: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.161% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.135%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.024% in total) that is about 47 days. The two prices were read 76 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 -0.024% in total (about -1.3% 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 | Kraken Futures PF_OPUSD | 0.1269 | 0.0347 | pay 0.0043% / 1h | 14m 04s | $788K | $546K | 20x |
| Short | edgeX OPUSDC | 0.1269 | 0.0100 | get 0.0050% / 4h | 14m 04s | $4K | $387K | 10x |
Kraken Futures PF_OPUSD
edgeX OPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Kraken Futures. 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
- −$51.89
- Price spread: +0.026% → −0.135%
- $16.15
- Slippage, 4 orders
- −$60.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$114.82
- Costs to cover
- 0.791%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 44 min ago; edgeX: live order book, 44 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 Kraken Futures live order book, 44 min ago | 7.93 bp | 24.0 bp −$24 | 180.1 bp −$1,801 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 44 min ago | 7.93 bp | 16.7 bp −$17 | 151.7 bp −$1,517 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1607% | 1h | 0.1264 | −0.390% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1268 | −0.053% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1269 | −0.014% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1269 | +0.004% | $42K | $140K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1269 | −0.022% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0054% | 8h | 0.1268 | −0.096% | $224K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0055% | 8h | 0.1268 | −0.075% | $6K | $45K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0056% | 8h | 0.1268 | −0.098% | $6.2M | $28.6M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1269 | +0.028% | $279K | $941K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1270 | +0.044% | $3.7M | $2.8M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1269 | −0.021% | $212K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1268 | −0.075% | $20.5M | $60.2M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1267 | −0.130% | $18.6M | $24.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1269 | −0.019% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1268 | −0.059% | $21.4M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1267 | −0.153% | $2.9M | $6.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1268 | −0.075% | $5.9M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1268 | −0.059% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1268 | −0.059% | $123K | $201K | 10x | as long as short |
| edgeX OPUSDCshort | +0.0100% | 4h | 0.1269 | +0.026% | $4K | $387K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1270 | +0.119% | $318K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1270 | +0.083% | $44K | $711K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1268 | −0.051% | $202 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1269 | −0.012% | $174K | $226K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1268 | −0.061% | $104K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1269 | −0.012% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | −0.547% | $24K | $63K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1269 | +0.012% | $1.0M | $280K | 75x | as long as short |
| Kraken Futures PF_OPUSDlong | +0.0347% | 1h | 0.1269 | long leg | $788K | $546K | 20x | |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1267 | −0.119% | $705 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP