Funding you earn now, next payment 04:00 UTC+0.0886%/8h= +97.0% APRnext payment +$4.43 per $10,000 · paid last 24h +0.219%
Price spread now: edgeX against KuCoin−0.738%98s7-day average +0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as 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−$2492.489% of the position
Funding, last 7 days+0.590%+$59 on $10k
+Price spread, last 4 days (all we have)+0.731%+$73 · spread now −0.738%, 7d avg +0.085%
=Together, before fees+1.321%+ Points / potential airdropedgeX: Active · farm board+$132 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.823% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.738% now, against its 7-day average of +0.085%). If the spread goes back, that is −$82 on $10k: about 3.1 days of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.590% in total) that is about 9.8 days. The two prices were read 98 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 0.590% in total (about 30.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.43 per $10,000. 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 | KuCoin BTWUSDTM | 0.8346 | 0.0100 | pay 0.0050% / 4h | 39m 59s | $7.4M | $4.9M | 10x |
| Short | edgeX BTWUSDC | 0.8284 | 0.0986 | get 0.0493% / 4h | 39m 59s | $341K | $501K | 10x |
KuCoin BTWUSDTM
edgeX BTWUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against KuCoin. 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
- $186.01
- Price spread: −0.738% → +0.085%
- −$82.28
- Slippage, 4 orders
- −$227.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$145.21
- Costs to cover
- 2.489%
- Break-even
- 12.5 days
Slippage from KuCoin: live order book, 3 min ago; edgeX: live order book, 59 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 KuCoin live order book, 3 min ago | 12.42 bp | 91.2 bp −$91 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 59 min ago | 2.06 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0100% | 4h | 0.8354 | +0.092% | $3.5M | $17.7M | 10x | as long as short |
| KuCoin BTWUSDTMlong | +0.0100% | 4h | 0.8346 | long leg | $7.4M | $4.9M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.8364 | +0.217% | $215K | $795K | 10x | as long as short |
| Bybit BTWUSDT | +0.0177% | 4h | 0.8337 | −0.110% | $16.2M | $41.6M | 10x | as long as short |
| Bitget BTWUSDT | +0.0638% | 4h | 0.8354 | +0.098% | $26.3M | $15.1M | 5x | as long as short |
| BingX BTW-USDT | +0.0936% | 4h | 0.8330 | −0.190% | — | $4.4M | — | as long as short |
| edgeX BTWUSDCshort | +0.0986% | 4h | 0.8284 | −0.738% | $341K | $501K | 10x | |
| MEXC BTW_USDT | +0.0996% | 4h | 0.8351 | +0.062% | $9.6M | $6.4M | 20x | as long as short |
| Binance BTWUSDT | +0.0997% | 4h | 0.8346 | +0.003% | $116.3M | $180.2M | 10x | as long as short |
| Extended BTW-USD | +0.1000% | 1h | 0.8351 | +0.056% | $36K | $15K | 5x | as long as short |
Gate BTW_USDT
HTX BTW-USDT
Bybit BTWUSDT
Bitget BTWUSDT
BingX BTW-USDT
MEXC BTW_USDT
Binance BTWUSDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTWUSDT | +0.1000% | 4h | 0.8359 | +0.161% | $2.3M | $3.2M | 5x | as long as short |
Aster BTWUSDT