Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.178%
Price spread now: Binance against edgeX+0.046%70s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as 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−$360.358% of the position
Funding, last 7 days−0.665%−$67 on $10k
+Price spread, last 2 days (all we have)−0.041%−$4 · spread now +0.046%, 7d avg −0.011%
=Together, before fees−0.706%+ Points / potential airdropedgeX: Active · farm board−$71 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.058% dearer against edgeX than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.011%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.665% in total) that is about 15 hours. The two prices were read 70 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 | edgeX COINUSDC | 201.45 | 0.0019 | pay 0.0010% / 4h | 1h 26m | $52K | $292K | 10x |
| Short | Binance COINUSDT | 201.54 | 0 | get 0.0000% / 8h | 1h 26m | $15.6M | $76.8M | 20x |
edgeX COINUSDC
Binance COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$3.99
- Price spread: +0.046% → −0.011%
- $5.78
- Slippage, 4 orders
- −$16.79
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$34
- Costs to cover
- 0.358%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 56 min ago; Binance: live order book, 16 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, 56 min ago | 5.44 bp | 10.5 bp −$10 | 16.0 bp −$160 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.25 bp | 8.2 bp −$8 | 16.1 bp −$161 | 56.2 bp −$5,625 | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 200.90 | −0.271% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.59 | +0.070% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.44 | −0.003% | $119K | $446K | 10x | as long as short |
| Binance COINUSDTshort | 0.0000% | 8h | 201.54 | +0.046% | $15.6M | $76.8M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 201.54 | +0.046% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.46 | +0.007% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.50 | +0.026% | $1.3M | $7.0M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.53 | +0.041% | $6.9M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.63 | +0.091% | $799K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.45 | +0.002% | $16K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0016% | 1h | 201.47 | +0.012% | $1.4M | $3.9M | 10x | as long as short |
| edgeX COINUSDClong | +0.0019% | 4h | 201.45 | long leg | $52K | $292K | 10x | |
| Lighter COIN | +0.0032% | 1h | 201.44 | −0.004% | $367K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.46 | +0.007% | $434K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.64 | +0.096% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.35 | −0.048% | — | $513K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 201.53 | +0.041% | $16.3M | $13.1M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.41 | −0.018% | $146K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.43 | −0.008% | $89 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.28 | −0.083% | $361K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.62 | +0.086% | $1.0M | $145K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.52 | +0.036% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.50 | +0.026% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.46 | +0.006% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.48 | +0.017% | $199K | $341K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.52 | +0.036% | $5K | $281K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN