Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against edgeX−1.067%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$1231.234% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 3 days (all we have)+1.066%+$107 · spread now −1.067%, 7d avg −0.034%
=Together, before fees+1.061%+ Points / potential airdropedgeX: Active · farm board+$106 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 1.033% cheaper against edgeX than usual: you would sell low and buy high (−$103 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX BTWUSDC | 0.8441 | 0.1929 | pay 0.0964% / 4h | 2h 55m | $348K | $484K | 10x |
| Short | Binance BTWUSDT | 0.8351 | 0.1909 | get 0.0954% / 4h | 2h 55m | $117.0M | $150.8M | 10x |
edgeX BTWUSDC
Binance BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$4.17
- Price spread: −1.067% → −0.034%
- −$103.33
- Slippage, 4 orders
- −$104.42
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$230.92
- Costs to cover
- 1.234%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 8 min ago; Binance: 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, 8 min ago | 28.78 bp | 40.3 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.77 bp | 28.3 bp −$28 | 204.9 bp −$2,049 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8392 | −0.581% | $204K | $758K | 10x | as long as short |
| Gate BTW_USDT | +0.0516% | 4h | 0.8381 | −0.712% | $3.7M | $14.2M | 10x | as long as short |
| Aster BTWUSDT | +0.1276% | 4h | 0.8364 | −0.911% | $2.3M | $2.5M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1444% | 4h | 0.8308 | −1.574% | $7.5M | $4.4M | 10x | as long as short |
| Bitget BTWUSDT | +0.1646% | 4h | 0.8382 | −0.696% | $26.6M | $12.0M | 5x | as long as short |
| Bybit BTWUSDT | +0.1871% | 4h | 0.8345 | −1.138% | $16.7M | $33.4M | 10x | as long as short |
| Binance BTWUSDTshort | +0.1909% | 4h | 0.8351 | −1.067% | $117.0M | $150.8M | 10x | |
| MEXC BTW_USDT | +0.1924% | 4h | 0.8376 | −0.768% | $11.5M | $5.7M | 20x | as long as short |
| Extended BTW-USD | +0.1928% | 1h | 0.8313 | −1.510% | $40K | $13K | 5x | as long as short |
| edgeX BTWUSDClong | +0.1929% | 4h | 0.8441 | long leg | $348K | $484K | 10x |
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Bybit BTWUSDT
MEXC BTW_USDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTW-USDT | +0.2038% | 4h | 0.8359 | −0.970% | — | $4.3M | — | as long as short |
BingX BTW-USDT