Funding you earn now, next payment 08:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h +0.093%
Price spread now: Phemex against edgeX+0.168%78s7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$260as 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−$2532.528% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.168%, 7d avg −0.002%
=Together, before fees−0.212%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phemex is 0.170% dearer against edgeX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour. The two prices were read 78 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 -0.070% in total (about -3.6% 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 DJTUSDC | 9.1047 | −0.0183 | get 0.0092% / 4h | 2h 48m | $124 | $239K | 10x |
| Short | Phemex DJTUSDT | 9.1200 | 0 | get 0.0000% / 8h | 2h 48m | $452K | $88K | 20x |
edgeX DJTUSDC
Phemex DJTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $38.45
- Price spread: +0.168% → −0.002%
- $17.03
- Slippage, 4 orders
- −$231.79
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$197.31
- Costs to cover
- 2.528%
- Break-even
- 42.9 days
Slippage from edgeX: live order book, 64 min ago; Phemex: live order book, 64 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, 64 min ago | 12.06 bp | 21.1 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 64 min ago | 5.48 bp | 93.7 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
DJT on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX DJTUSDClong | −0.0183% | 4h | 9.1047 | long leg | $124 | $239K | 10x | |
| Binance DJTUSDT | 0.0000% | 8h | 9.1047 | 0.000% | $464K | $1.2M | 20x | as long as short |
| Bybit DJTUSDT | 0.0000% | 8h | 9.1060 | +0.015% | $48K | $67K | 25x | as long as short |
| QFEX DJT-USD | 0.0000% | 1h | 9.1000 | −0.051% | $1.1M | $89K | 10x | as long as short |
| Gate DJT_USDT | 0.0000% | 8h | 9.1110 | +0.069% | $28K | $8K | 20x | as long as short |
| Bitget DJTUSDT | 0.0000% | 8h | 9.1020 | −0.029% | $85K | $800K | 20x | as long as short |
| HTX DJT-USDT | 0.0000% | 8h | 9.1000 | −0.051% | $6K | $85K | 20x | as long as short |
| Phemex DJTUSDTshort | 0.0000% | 8h | 9.1200 | +0.168% | $452K | $88K | 20x |
Binance DJTUSDT
Bybit DJTUSDT
QFEX DJT-USD
Gate DJT_USDT
Bitget DJTUSDT
HTX DJT-USDT