Funding you earn now, next payment 04:00 UTC−0.0393%/8h= −43.0% APRnext payment −$1.96 per $10,000 · paid last 24h −0.079%
Price spread now: Bybit against Binance−0.085%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2512.512% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now −0.085%, 7d avg −0.116%
=The price spread pays, funding is against you. Bybit is 0.031% dearer against Binance than usual: you sell high and buy low (spread −0.085% now, against its 7-day average of −0.116%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.256% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.256% in total (about -13.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 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 EDGEUSDT | 0.5881 | 0.0493 | pay 0.0246% / 4h | 2h 10m | $10.0M | $10.4M | 50x |
| Short | Bybit EDGEUSDT | 0.5876 | 0.0100 | get 0.0050% / 4h | 2h 10m | $7.0M | $3.4M | 25x |
Binance EDGEUSDT
Bybit EDGEUSDTFunding 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
- −$82.49
- Price spread: −0.085% → −0.116%
- $3.07
- Slippage, 4 orders
- −$230.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$330.63
- Costs to cover
- 2.512%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 3 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, 14 min ago | 1.69 bp | 31.3 bp −$31 | 256.2 bp −$2,562 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.56 bp | 92.7 bp −$93 | 291.2 bp −$2,912 | doesn't fit | doesn't fit |
EDGE on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5872 | −0.151% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDTshort | +0.0100% | 4h | 0.5876 | −0.085% | $7.0M | $3.4M | 25x | |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5882 | +0.017% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5879 | −0.034% | $4.7M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5889 | +0.141% | $58K | $105K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5877 | −0.060% | $189K | $131K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5883 | +0.040% | $7K | $2.0M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5885 | +0.068% | $9K | $303K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5858 | −0.391% | $4K | $620K | 10x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0445% | 4h | 0.5882 | +0.017% | $3.6M | $5.8M | 20x | as long as short |
Lighter EDGE
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
OKX EDGE-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDT | +0.0491% | 4h | 0.5886 | +0.080% | $68K | $132K | 5x | as long as short |
| edgeX EDGEUSDC | +0.0492% | 4h | 0.5907 | +0.444% | $14.1M | $3.6M | 30x | as long as short |
| Binance EDGEUSDTlong | +0.0493% | 4h | 0.5881 | long leg | $10.0M | $10.4M | 50x | |
| MEXC EDGE_USDT | +0.0494% | 4h | 0.5887 | +0.102% | $1.1M | $912K | 50x | as long as short |
| Extended EDGE-USD | +0.0496% | 1h | 0.5876 | −0.084% | $27K | $199K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0695% | 4h | 0.5882 | +0.017% | $3K | — | 10x | as long as short |
Aster EDGEUSDT
edgeX EDGEUSDC
MEXC EDGE_USDT
Extended EDGE-USD
Orderly PERP_EDGE_USDC