Funding you earn now, next payment 04:00 UTC−0.1044%/8h= −114.3% APRpaid last 24h −0.228%
Price spread now: Bitget against edgeX+0.144%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days−0.672%−$67 on $10k
+Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.144%, 7d avg +0.022%
=Together, before fees−0.939%+ Points / potential airdropedgeX: Active · farm board−$94 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.122% dearer against edgeX than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of +0.022%): +$12 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.672% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.672% in total (about -35.0% a year). A funding rate is set anew for every payment. 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 | edgeX COINUSDC | 198.00 | 0.0578 | pay 0.0289% / 4h | 2h 23m | $51K | $294K | 10x |
| Short | Bitget COINUSDT | 198.29 | −0.0466 | pay 0.0466% / 8h | 6h 23m | $6.5M | $10.1M | 20x |
edgeX COINUSDC
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$219.16
- Price spread: +0.144% → +0.022%
- $12.18
- Slippage, 4 orders
- −$22.16
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$250.13
- Costs to cover
- 0.432%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 45 min ago; Bitget: live order book, just now.
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, 45 min ago | 5.72 bp | 10.6 bp −$11 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Bitget live order book, just now | 2.27 bp | 9.2 bp −$9 | 16.2 bp −$162 | 85.3 bp −$8,526 | doesn't fit |
COIN on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDTshort | −0.0466% | 8h | 198.29 | +0.144% | $6.5M | $10.1M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.97 | −0.017% | $44K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0033% | 1h | 197.63 | −0.189% | — | $291K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.15 | +0.073% | $366K | $856K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.03 | +0.014% | $117K | $694K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.09 | +0.042% | $14.9M | $77.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.08 | +0.038% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.11 | +0.053% | $3.1M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.02 | +0.008% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.30 | +0.150% | $820K | $1.0M | — | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.14 | +0.069% | $15K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 198.02 | +0.008% | $1.3M | $3.6M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.97 | −0.015% | $390K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.95 | −0.027% | $437K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.11 | +0.053% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.92 | −0.043% | $15.9M | $13.4M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.92 | −0.043% | $124K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.96 | −0.022% | $102 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.88 | −0.063% | $351K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.92 | −0.043% | $1.0M | $144K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.07 | +0.033% | $89K | $286K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.01 | +0.003% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.94 | −0.035% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.15 | +0.074% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDClong | +0.0578% | 4h | 198.00 | long leg | $51K | $294K | 10x |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
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
Phoenix COIN