Funding you earn now, next payment 08:00 UTC+0.0499%/8h= +54.7% APRpaid last 24h −0.093%
Price spread now: edgeX against Phemex−0.228%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2712.715% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.228%, 7d avg +0.002%
=Together, before fees+0.271%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.230% cheaper against Phemex than usual: you would sell low and buy high (spread −0.228% now, against its 7-day average of +0.002%). If the spread goes back, that is −$23 on $10k: about 37 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.070% in total) that is about 23 days.
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 | Phemex DJTUSDT | 9.1200 | 0 | get 0.0000% / 8h | 1h 53m | $453K | $89K | 20x |
| Short | edgeX DJTUSDC | 9.0992 | 0.0499 | get 0.0250% / 4h | 1h 53m | $124 | $239K | 10x |
Phemex DJTUSDT
edgeX DJTUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. 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
- $104.86
- Price spread: −0.228% → +0.002%
- −$22.95
- Slippage, 4 orders
- −$250.5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$189.59
- Costs to cover
- 2.715%
- Break-even
- 19.7 days
Slippage from Phemex: live order book, 54 min ago; edgeX: live order book, 54 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 Phemex live order book, 54 min ago | 5.48 bp | 107.9 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 54 min ago | 9.89 bp | 18.8 bp −$19 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance DJTUSDT | 0.0000% | 8h | 9.1007 | −0.211% | $474K | $1.2M | 20x | as long as short |
| Bybit DJTUSDT | 0.0000% | 8h | 9.0950 | −0.274% | $48K | $66K | 25x | as long as short |
| QFEX DJT-USD | 0.0000% | 1h | 9.0900 | −0.329% | $1.1M | $97K | 10x | as long as short |
| Gate DJT_USDT | 0.0000% | 8h | 9.1100 | −0.110% | $28K | $8K | 20x | as long as short |
| Bitget DJTUSDT | 0.0000% | 8h | 9.0980 | −0.241% | $84K | $782K | 20x | as long as short |
| HTX DJT-USDT | 0.0000% | 8h | 9.1000 | −0.219% | $6K | $91K | 20x | as long as short |
| Phemex DJTUSDTlong | 0.0000% | 8h | 9.1200 | long leg | $453K | $89K | 20x | |
| edgeX DJTUSDCshort | +0.0499% | 4h | 9.0992 | −0.228% | $124 | $239K | 10x |
Binance DJTUSDT
Bybit DJTUSDT
QFEX DJT-USD
Gate DJT_USDT
Bitget DJTUSDT
HTX DJT-USDT