Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.159%
Price spread now: Bybit against edgeX−0.057%101s7-day average +0.015% · you buy dearer than you sell
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−$500.503% of the position
Funding, last 7 days−0.521%−$52 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.057%, 7d avg +0.015%
=Together, before fees−0.557%+ Points / potential airdropedgeX: Active · farm board−$56 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.071% cheaper against edgeX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.015%). Swap the legs. The two prices were read 101 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 | 196.38 | 0.0032 | pay 0.0016% / 4h | 39m 46s | $51K | $294K | 10x |
| Short | Bybit COINUSDT | 196.27 | 0 | get 0.0000% / 8h | 39m 46s | $4.7M | $6.2M | 50x |
edgeX COINUSDC
Bybit COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$6.71
- Price spread: −0.057% → +0.015%
- −$7.11
- Slippage, 4 orders
- −$30.32
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$64.14
- Costs to cover
- 0.503%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 63 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 edgeX live order book, 63 min ago | 5.63 bp | 10.7 bp −$11 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.02 bp | 13.8 bp −$14 | 31.0 bp −$310 | 167.5 bp −$16.7K | 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 | 196.38 | −0.001% | $43K | $48K | 30x | as long as short |
| Bitget COINUSDT | −0.0374% | 8h | 196.31 | −0.036% | $6.4M | $10.6M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0054% | 1h | 196.03 | −0.179% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.19 | −0.097% | $342K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.22 | −0.084% | $106K | $861K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.23 | −0.077% | $15.0M | $82.2M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 196.27 | −0.057% | $4.7M | $6.2M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.30 | −0.041% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 196.25 | −0.067% | $1.2M | $7.3M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.44 | +0.028% | $714K | $974K | — | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 196.44 | +0.031% | $22K | $2.8M | 10x | as long as short |
| edgeX COINUSDClong | +0.0032% | 4h | 196.38 | long leg | $51K | $294K | 10x | |
| Lighter COIN | +0.0032% | 1h | 196.13 | −0.126% | $363K | $2.3M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.13 | −0.128% | $462K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.54 | +0.081% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.10 | −0.143% | $15.2M | $13.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.22 | −0.082% | $134K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.23 | −0.077% | $97 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.18 | −0.102% | $446K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 196.29 | −0.046% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 196.00 | −0.194% | $988K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.31 | −0.036% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.29 | −0.046% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.25 | −0.066% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.49 | +0.055% | $187K | $437K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 196.40 | +0.010% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN