Funding you earn now, next payment 08:00 UTC−0.0409%/8h= −44.8% APRnext payment −$2.04 per $10,000 · paid last 24h −0.246%
Price spread now: Bybit against edgeX−0.224%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1431.431% of the position
Funding, last 7 days−0.740%−$74 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.224%, 7d avg −0.090%
=Together, before fees−0.691%+ Points / potential airdropedgeX: Active · farm board−$69 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.134% cheaper against edgeX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.090%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX BTWUSDC | 0.8265 | 0.0978 | pay 0.0489% / 4h | 3h 13m | $341K | $507K | 10x |
| Short | Bybit BTWUSDT | 0.8246 | 0.0569 | get 0.0285% / 4h | 3h 13m | $15.9M | $41.4M | 10x |
edgeX BTWUSDC
Bybit BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$85.88
- Price spread: −0.224% → −0.090%
- −$13.38
- Slippage, 4 orders
- −$123.07
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$242.33
- Costs to cover
- 1.431%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 16 min ago; Bybit: live order book, 1 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 | 3.18 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.04 bp | 55.1 bp −$55 | 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 | 0.8239 | −0.314% | $7.3M | $4.9M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8260 | −0.055% | $212K | $794K | 10x | as long as short |
| Bybit BTWUSDTshort | +0.0569% | 4h | 0.8246 | −0.224% | $15.9M | $41.4M | 10x | |
| Bitget BTWUSDT | +0.0650% | 4h | 0.8276 | +0.132% | $26.0M | $15.2M | 5x | as long as short |
| Aster BTWUSDT | +0.0661% | 4h | 0.8243 | −0.268% | $2.3M | $3.2M | 5x | as long as short |
| BingX BTW-USDT | +0.0920% | 4h | 0.8267 | +0.024% | — | $4.4M | — | as long as short |
| Extended BTW-USD | +0.0968% | 1h | 0.8248 | −0.202% | $35K | $15K | 5x | as long as short |
| Binance BTWUSDT | +0.0972% | 4h | 0.8254 | −0.128% | $115.1M | $181.1M | 10x | as long as short |
| MEXC BTW_USDT | +0.0978% | 4h | 0.8260 | −0.061% | $9.4M | $6.5M | 20x | as long as short |
| edgeX BTWUSDClong | +0.0978% | 4h | 0.8265 | long leg | $341K | $507K | 10x |
KuCoin BTWUSDTM
HTX BTW-USDT
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
Extended BTW-USD
Binance BTWUSDT
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.1392% | 4h | 0.8235 | −0.366% | $3.4M | $18.0M | 10x | as long as short |
Gate BTW_USDT