Funding you earn now, next payment 05:00 UTC−0.0828%/8h= −90.7% APRpaid last 24h −0.084%
Price spread now: tradeXYZ against edgeX−0.128%46s7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as 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−$350.354% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.128%, 7d avg −0.049%
=Together, before fees−0.071%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and tradeXYZ is 0.079% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.049%). Swap the legs. The two prices were read 46 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 -0.093% in total (about -4.8% 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 | edgeX DELLUSDC | 574.38 | 0.0878 | pay 0.0439% / 4h | 3h 36m | $5K | $333K | 10x |
| Short | tradeXYZ xyz:DELL | 573.64 | 0.0050 | get 0.0006% / 1h | 36m 45s | $7.5M | $7.0M | 10x |
edgeX DELLUSDC
tradeXYZ xyz:DELLFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against edgeX. 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
- −$173.88
- Price spread: −0.128% → −0.049%
- −$7.87
- Slippage, 4 orders
- −$8.43
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$217.18
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 16 min ago; tradeXYZ: live order book, 2 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 edgeX live order book, 16 min ago | 1.21 bp | 6.0 bp −$6 | 80.6 bp −$806 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 1.13 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
DELL on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster DELLUSDT | 0.0000% | 8h | 573.63 | −0.130% | $20K | $50K | 20x | as long as short |
| Gate DELL_USDT | 0.0000% | 8h | 574.37 | −0.001% | $4.1M | $7.2M | 50x | as long as short |
| Bitget DELLUSDT | 0.0000% | 8h | 574.65 | +0.048% | $3.6M | $4.6M | 20x | as long as short |
| Lighter DELL | +0.0032% | 1h | 574.56 | +0.032% | $34K | $13K | 10x | as long as short |
| Injective DELL/USDC PERP | +0.0033% | 1h | 571.67 | −0.471% | $8K | $83K | 12x | as long as short |
| tradeXYZ xyz:DELLshort | +0.0050% | 1h | 573.64 | −0.128% | $7.5M | $7.0M | 10x | |
| Polymarket Perps DELL-USD | +0.0050% | 1h | 573.71 | −0.116% | $7K | $54K | 10x | as long as short |
| KuCoin DELLUSDTM | +0.0100% | 8h | 573.70 | −0.118% | $940K | $29K | 20x | as long as short |
| Orderly PERP_DELL_USDC_mythos | +0.0100% | 8h | 574.70 | +0.056% | $3K | $336 | 10x | as long as short |
| HTX DELL-USDT | +0.0100% | 8h | 574.44 | +0.011% | $17K | $59K | 10x | as long as short |
Aster DELLUSDT
Gate DELL_USDT
Bitget DELLUSDT
Lighter DELL
Injective DELL/USDC PERP
Polymarket Perps DELL-USD
KuCoin DELLUSDTM
Orderly PERP_DELL_USDC_mythos
HTX DELL-USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DELLUSDT | +0.0192% | 8h | 574.09 | −0.050% | $6.1M | $3.9M | 50x | as long as short |
| OKX DELL-USDT-SWAP | +0.0389% | 8h | 574.51 | +0.023% | $5.8M | $6.6M | 20x | as long as short |
| Variational Omni DELL | +0.0612% | 8h | 575.11 | +0.128% | $262K | $64K | — | as long as short |
| GRVT DELL_USDT_Perp | +0.0625% | 8h | 574.42 | +0.008% | $913 | $153K | 10x | as long as short |
| Extended DELL-USD | +0.0696% | 1h | 574.34 | −0.007% | $333K | $1.2M | 10x | as long as short |
| Binance DELLUSDT | +0.0700% | 8h | 574.42 | +0.008% | $18.5M | $66.0M | 20x | as long as short |
| BloFin DELL-USDT | +0.0704% | 8h | 574.15 | −0.039% | $323K | $219K | 20x | as long as short |
| Nado DELL-PERP | +0.0828% | 1h | 573.66 | −0.125% | $69K | $20K | 10x | as long as short |
| edgeX DELLUSDClong | +0.0878% | 4h | 574.38 | long leg | $5K | $333K | 10x | |
| Phoenix DELL | +0.1040% | 1h | 575.17 | +0.138% | $3K | $260K | 10x | as long as short |
Bybit DELLUSDT
OKX DELL-USDT-SWAP
Variational Omni DELL
GRVT DELL_USDT_Perp
Extended DELL-USD
Binance DELLUSDT
BloFin DELL-USDT
Nado DELL-PERP
Phoenix DELL