Funding you earn now, next payment 00:00 UTC+0.0428%/8h= +46.9% APRnext payment +$2.14 per $10,000 · paid last 24h +0.110%
Price spread now: Bybit against Binance+0.083%7-day average +0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2092.090% of the position
Funding, last 7 days+0.214%+$21 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now +0.083%, 7d avg +0.114%
=Funding pays, the price is against you. Bybit is 0.030% cheaper against Binance than usual: you would sell low and buy high (spread +0.083% now, against its 7-day average of +0.114%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.214% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.214% in total (about 11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.14 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 | Binance EDENUSDT | 0.06009 | 0.0100 | pay 0.0050% / 4h | 32m 24s | $3.5M | $8.9M | 20x |
| Short | Bybit EDENUSDT | 0.06014 | 0.0528 | get 0.0264% / 4h | 32m 24s | $1.5M | $1.1M | 20x |
Binance EDENUSDT
Bybit EDENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $89.85
- Price spread: +0.083% → +0.114%
- −$3.04
- Slippage, 4 orders
- −$187.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$122.16
- Costs to cover
- 2.090%
- Break-even
- 16.5 days
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 4 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, 7 min ago | 1.67 bp | 12.7 bp −$13 | 98.0 bp −$980 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.65 bp | 81.4 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
EDEN on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin EDEN-USDT | +0.0070% | 4h | 0.06012 | +0.050% | $193K | $4K | 20x | as long as short |
| Lighter EDEN | +0.0096% | 1h | 0.06014 | +0.083% | $26K | $17K | 3x | as long as short |
| Aster EDENUSDT | +0.0100% | 4h | 0.06006 | −0.047% | $64K | $85K | 5x | as long as short |
| Binance EDENUSDTlong | +0.0100% | 4h | 0.06009 | long leg | $3.5M | $8.9M | 20x | |
| MEXC EDEN_USDT | +0.0100% | 4h | 0.06009 | 0.000% | $543K | $304K | 50x | as long as short |
| SunX EDEN-USDT | +0.0100% | 4h | 0.06130 | +2.014% | $1K | $1.7M | 20x | as long as short |
| OKX EDEN-USDT-SWAP | +0.0244% | 4h | 0.06012 | +0.050% | $670K | $3.2M | 20x | as long as short |
| Gate EDEN_USDT | +0.0359% | 8h | 0.06003 | −0.100% | $211K | $486K | 20x | as long as short |
| Bybit EDENUSDTshort | +0.0528% | 4h | 0.06014 | +0.083% | $1.5M | $1.1M | 20x | |
| KuCoin EDENUSDTM | +0.0812% | 4h | 0.06013 | +0.067% | $1.3M | $7.6M | 20x | as long as short |
BloFin EDEN-USDT
Lighter EDEN
Aster EDENUSDT
MEXC EDEN_USDT
SunX EDEN-USDT
OKX EDEN-USDT-SWAP
Gate EDEN_USDT
KuCoin EDENUSDTM