Funding you earn now, next payment 08:00 UTC+0.0473%/8h= +51.8% APRpaid last 24h +0.015%
Price spread now: edgeX against Bybit−0.075%61s7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as 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−$900.897% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.075%, 7d avg −0.053%
=Together, before fees+0.162%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.022% cheaper against Bybit than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.053%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.121% in total) that is about 31 hours. The two prices were read 61 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 0.121% in total (about 6.3% 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 JPMUSDT | 352.19 | 0 | get 0.0000% / 8h | 2h 50m | $153K | $1.1M | 25x |
| Short | edgeX JPMUSDC | 351.92 | 0.0473 | get 0.0237% / 4h | 2h 50m | $36K | $172K | 10x |
Bybit JPMUSDT
edgeX JPMUSDCFunding 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
- $99.43
- Price spread: −0.075% → −0.053%
- −$2.21
- Slippage, 4 orders
- −$69.71
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $7.5
- Costs to cover
- 0.897%
- Break-even
- 6.5 days
Slippage from Bybit: live order book, 5 min ago; edgeX: live order book, 61 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, 5 min ago | 3.55 bp | 33.3 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 61 min ago | 6.11 bp | 14.3 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
JPM 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective JPM/USDC PERP | −0.0220% | 1h | 348.46 | −1.059% | $7K | $45K | 12x | as long as short |
| Aster JPMUSDT | 0.0000% | 8h | 352.11 | −0.021% | $3K | $437 | 20x | as long as short |
| Binance JPMUSDT | 0.0000% | 8h | 352.00 | −0.054% | $933K | $488K | 20x | as long as short |
| Bybit JPMUSDTlong | 0.0000% | 8h | 352.19 | long leg | $153K | $1.1M | 25x | |
| Gate JPM_USDT | 0.0000% | 8h | 352.05 | −0.040% | $731K | $222K | 25x | as long as short |
| Bitget JPMUSDT | 0.0000% | 8h | 352.15 | −0.011% | $205K | $11K | 20x | as long as short |
| Variational Omni JPM | 0.0000% | 8h | 351.92 | −0.076% | $119K | $7K | — | as long as short |
| GRVT JPM_USDT_Perp | 0.0000% | 8h | 352.12 | −0.021% | $5K | $81K | 10x | as long as short |
| SunX JPM-USDT | 0.0000% | 8h | 351.75 | −0.125% | $1K | $852K | 10x | as long as short |
| HTX JPM-USDT | 0.0000% | 8h | 351.74 | −0.128% | $7K | $38K | 20x | as long as short |
Injective JPM/USDC PERP
Aster JPMUSDT
Binance JPMUSDT
Gate JPM_USDT
Bitget JPMUSDT
Variational Omni JPM
GRVT JPM_USDT_Perp
SunX JPM-USDT
HTX JPM-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX JPM-USD | +0.0003% | 1h | 351.93 | −0.074% | $1.1M | $2.6M | 10x | as long as short |
| BloFin JPM-USDT | +0.0015% | 8h | 352.04 | −0.043% | $90K | $27K | 20x | as long as short |
| KuCoin JPMUSDTM | +0.0100% | 8h | 352.06 | −0.037% | $155K | $909K | 20x | as long as short |
| edgeX JPMUSDCshort | +0.0473% | 4h | 351.92 | −0.075% | $36K | $172K | 10x |
QFEX JPM-USD
BloFin JPM-USDT
KuCoin JPMUSDTM