Funding you earn now, next payment 08:00 UTC−0.0764%/8h= −83.7% APRpaid last 24h +0.049%
Price spread now: edgeX against Bybit+0.021%111s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as 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−$2292.287% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.021%, 7d avg −0.001%
=Together, before fees+0.077%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.023% dearer against Bybit than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.001%): +$2 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 2 hours. The two prices were read 111 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 0.008% in total (about 0.4% 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 | Bybit GDXUSDT | 93.870 | 0 | get 0.0000% / 8h | 1h 05m | $247K | $46K | 25x |
| Short | edgeX GDXUSDC | 93.890 | −0.0764 | pay 0.0382% / 4h | 1h 05m | $95K | $225K | 10x |
Bybit GDXUSDT
edgeX GDXUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- −$160.44
- Price spread: +0.021% → −0.001%
- $2.26
- Slippage, 4 orders
- −$208.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$386.86
- Costs to cover
- 2.287%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 19 min ago; edgeX: live order book, 36 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 Bybit live order book, 19 min ago | 7.45 bp | 104.4 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 36 min ago | 5.33 bp | 30.4 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
GDX 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 GDXUSDCshort | −0.0764% | 4h | 93.890 | +0.021% | $95K | $225K | 10x | |
| Gate GDX_USDT | −0.0014% | 8h | 93.920 | +0.053% | $167K | $142K | 20x | as long as short |
| Binance GDXUSDT | 0.0000% | 8h | 93.880 | +0.011% | $427K | $269K | 20x | as long as short |
| Bybit GDXUSDTlong | 0.0000% | 8h | 93.870 | long leg | $247K | $46K | 25x | |
| MEXC GDX_USDT | 0.0000% | 8h | 93.880 | +0.011% | $837K | $89K | 20x | as long as short |
| Bitget GDXUSDT | 0.0000% | 8h | 93.990 | +0.128% | $274K | $368K | 20x | as long as short |
| HTX GDX-USDT | 0.0000% | 8h | 93.910 | +0.043% | $8K | $319K | 20x | as long as short |
| Vest GDX-USD-PERP | +0.0046% | 1h | 93.870 | 0.000% | — | — | 25x | as long as short |
Gate GDX_USDT
Binance GDXUSDT
MEXC GDX_USDT
Bitget GDXUSDT
HTX GDX-USDT
Vest GDX-USD-PERP