Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Bybit−0.891%91s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1151.147% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.904%+$90 · spread now −0.891%, 7d avg −0.041%

Together, before fees+1.053%+ Points / potential airdropedgeX: Active · farm board+$105 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.851% cheaper against Bybit than usual: you would sell low and buy high, −$85 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit REUSDT	0.4697	0.0100	pay 0.0050% / 4h	2h 20m	$1.5M	$1.3M	20x
Short	edgeX REUSDC	0.4655	0.0100	get 0.0050% / 4h	2h 20m	$8K	$221K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee edgeXbpOrdersPrice spread, now −0.891%Rate

Funding earned: $0
Price spread: −0.891% → −0.041%: −$85.08
Slippage, 4 orders: −$94.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$199.8
Costs to cover: 1.147%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 27 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 Bybit live order book, 1 min ago	2.13 bp	54.5 bp −$54	5866.6 bp −$58.7K	doesn't fit	doesn't fit
Sell edgeX live order book, 27 min ago	3.20 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit

RE on 14 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
gTrade (Gains Network) RE/USD	L −0.0025% / S +0.0026%	1h	0.4696	−0.026%	—	—	150x	as long as short
Aster REUSDT	+0.0100%	4h	0.4698	+0.025%	$36K	$28K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4696	−0.021%	$8.4M	$9.1M	50x	as long as short
Bybit REUSDTlong	+0.0100%	4h	0.4697	long leg	$1.5M	$1.3M	20x
OKX RE-USDT-SWAP	+0.0100%	4h	0.4699	+0.045%	$1.9M	$3.8M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4694	−0.072%	$424K	$981K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4693	−0.085%	$1.2M	$452K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4693	−0.077%	$1.4M	$1.0M	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4691	−0.121%	$1.8M	$689K	20x	as long as short
BingX RE-USDT	+0.0100%	4h	0.4697	0.000%	—	$1.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX REUSDCshort	+0.0100%	4h	0.4655	−0.891%	$8K	$221K	10x
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4695	−0.043%	$4K	—	10x	as long as short
BloFin RE-USDT	+0.0100%	4h	0.4676	−0.447%	$368K	$70K	50x	as long as short
Extended RE-USD	+0.0104%	1h	0.4692	−0.098%	$796	—	5x	as long as short