Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h +0.001%
Price spread now: edgeX against Binance−1.221%90s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$750.750% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+1.223%+$122 · spread now −1.221%, 7d avg +0.011%
=Together, before fees+1.226%+ Points / potential airdropedgeX: Active · farm board+$123 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 1.232% cheaper against Binance than usual: you would sell low and buy high (−$123 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8021 | 0.0908 | pay 0.0454% / 4h | 1h 16m | $111.7M | $176.5M | 10x |
| Short | edgeX BTWUSDC | 0.7923 | 0.0855 | get 0.0428% / 4h | 1h 16m | $326K | $502K | 10x |
Binance BTWUSDT
edgeX BTWUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- −$11.01
- Price spread: −1.221% → +0.011%
- −$123.17
- Slippage, 4 orders
- −$56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$209.18
- Costs to cover
- 0.750%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; edgeX: live order book, 23 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 Binance live order book, 12 min ago | 1.17 bp | 28.4 bp −$28 | 199.4 bp −$1,994 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 23 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.7987 | −0.426% | $7.1M | $4.9M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8000 | −0.259% | $205K | $794K | 10x | as long as short |
| Bybit BTWUSDT | +0.0199% | 4h | 0.8009 | −0.152% | $15.5M | $40.9M | 10x | as long as short |
| Gate BTW_USDT | +0.0362% | 4h | 0.7976 | −0.561% | $3.3M | $17.2M | 10x | as long as short |
| Bitget BTWUSDT | +0.0606% | 4h | 0.8010 | −0.133% | $25.2M | $14.5M | 5x | as long as short |
| BingX BTW-USDT | +0.0840% | 4h | 0.8016 | −0.060% | — | $4.4M | — | as long as short |
| edgeX BTWUSDCshort | +0.0855% | 4h | 0.7923 | −1.221% | $326K | $502K | 10x | |
| MEXC BTW_USDT | +0.0888% | 4h | 0.7992 | −0.359% | $9.2M | $6.4M | 20x | as long as short |
| Extended BTW-USD | +0.0904% | 1h | 0.8005 | −0.198% | $34K | $15K | 5x | as long as short |
| Binance BTWUSDTlong | +0.0908% | 4h | 0.8021 | long leg | $111.7M | $176.5M | 10x |
KuCoin BTWUSDTM
HTX BTW-USDT
Bybit BTWUSDT
Gate BTW_USDT
Bitget BTWUSDT
BingX BTW-USDT
MEXC BTW_USDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BTWUSDT | +0.0930% | 4h | 0.7997 | −0.298% | $2.2M | $3.1M | 5x | as long as short |
Aster BTWUSDT