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Funding arb · Price arb /

EDEN

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.1105%/8h= +121.0% APRnext payment +$5.53 per $10,000 · paid last 24h +0.133%
Price spread now: Bybit against OKX−0.133%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$225as in the Price arb table
costs, in and out, $10k−$2072.070% of the position
Long on OKXShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.201%+$20 on $10k
Price spread, last 7 days+0.242%+$24 · spread now −0.133%, 7d avg +0.046%
Together, before fees+0.443%+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.179% cheaper against OKX than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of +0.046%). If the spread goes back, that is −$18 on $10k: about 13 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.201% in total) that is about 6.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.201% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX EDEN-USDT-SWAP0.060170.0161pay 0.0080% / 4h3h 12m$705K$3.1M20x
ShortBybit EDENUSDT0.060090.1266get 0.0633% / 4h3h 12m$1.6M$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against OKX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$232.08
Price spread: −0.133% → +0.046%
−$17.9
Slippage, 4 orders
−$186.05
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$7.13
Costs to cover
2.070%
Break-even
6.8 days
Slippage from OKX: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 5 min ago3.30 bp40.0 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago7.43 bp38.3 bp −$38710.8 bp −$7,108doesn't fitdoesn't fit

EDEN on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter EDEN+0.0096%1h0.06006−0.183%$26K$12K3xas long as short
Aster EDENUSDT+0.0100%4h0.06006−0.187%$63K$80K5xas long as short
Binance EDENUSDT+0.0100%4h0.06004−0.208%$3.5M$9.0M20xas long as short
MEXC EDEN_USDT+0.0100%4h0.06002−0.249%$599K$323K50xas long as short
SunX EDEN-USDT+0.0100%4h0.06140+2.044%$691$1.7M20xas long as short
BloFin EDEN-USDT+0.0148%4h0.06028+0.183%$200K$5K20xas long as short
OKX EDEN-USDT-SWAPlong+0.0161%4h0.06017long leg$705K$3.1M20x
Gate EDEN_USDT+0.0544%8h0.06011−0.100%$215K$490K20xas long as short
KuCoin EDENUSDTM+0.1140%4h0.060170.000%$1.3M$7.6M20xas long as short
Bybit EDENUSDTshort+0.1266%4h0.06009−0.133%$1.6M$1.3M20x