Funding you earn now, next payment 08:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h −0.061%
Price spread now: Bybit against edgeX−0.057%71s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as 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−$1491.487% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.057%, 7d avg −0.020%
=Together, before fees+0.106%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bybit is 0.037% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.020%). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% 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 CRMUSDC | 236.80 | 0.0359 | pay 0.0179% / 4h | 3h 30m | $96K | $230K | 10x |
| Short | Bybit CRMUSDT | 236.66 | 0 | get 0.0000% / 8h | 3h 30m | $262K | $72K | 25x |
edgeX CRMUSDC
Bybit CRMUSDTFunding 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
- −$75.29
- Price spread: −0.057% → −0.020%
- −$3.7
- Slippage, 4 orders
- −$128.7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$227.69
- Costs to cover
- 1.487%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 22 min ago; Bybit: live order book, 5 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, 22 min ago | 8.24 bp | 17.4 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 7.39 bp | 37.9 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
CRM 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CRMUSDT | 0.0000% | 8h | 236.88 | +0.034% | $11K | $2K | 20x | as long as short |
| Binance CRMUSDT | 0.0000% | 8h | 236.86 | +0.027% | $1.8M | $1.4M | 20x | as long as short |
| Bybit CRMUSDTshort | 0.0000% | 8h | 236.66 | −0.057% | $262K | $72K | 25x | |
| OKX CRM-USDT-SWAP | 0.0000% | 8h | 236.64 | −0.066% | $456K | $135K | 10x | as long as short |
| Gate CRM_USDT | 0.0000% | 8h | 236.91 | +0.048% | $221K | $28K | 20x | as long as short |
| Bitget CRMUSDT | 0.0000% | 8h | 236.60 | −0.083% | $443K | $31K | 20x | as long as short |
| Variational Omni CRM | 0.0000% | 8h | 236.81 | +0.008% | $50K | $44K | — | as long as short |
| GRVT CRM_USDT_Perp | 0.0000% | 8h | 236.87 | +0.031% | $595 | $116K | 10x | as long as short |
| SunX CRM-USDT | 0.0000% | 8h | 236.85 | +0.023% | $656 | $269K | 10x | as long as short |
| HTX CRM-USDT | 0.0000% | 8h | 236.98 | +0.078% | $10K | $28K | 20x | as long as short |
Aster CRMUSDT
Binance CRMUSDT
OKX CRM-USDT-SWAP
Gate CRM_USDT
Bitget CRMUSDT
Variational Omni CRM
GRVT CRM_USDT_Perp
SunX CRM-USDT
HTX CRM-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CRM-USD | +0.0022% | 1h | 236.87 | +0.031% | $1.1M | $4.8M | 10x | as long as short |
| Injective CRM/USDC PERP | +0.0033% | 1h | 238.14 | +0.568% | $12K | $12K | 12x | as long as short |
| KuCoin CRMUSDTM | +0.0100% | 8h | 236.58 | −0.091% | $98K | $491K | 20x | as long as short |
| edgeX CRMUSDClong | +0.0359% | 4h | 236.80 | long leg | $96K | $230K | 10x |
QFEX CRM-USD
Injective CRM/USDC PERP
KuCoin CRMUSDTM