Funding you earn now, next payment 12:00 UTC−0.0656%/8h= −71.9% APRpaid last 24h +0.012%
Price spread now: edgeX against Binance−0.137%90s7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as 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−$1021.019% of the position
Funding, last 7 days−0.206%−$21 on $10k
+Price spread, last 2 days (all we have)+0.115%+$12 · spread now −0.137%, 7d avg −0.038%
=Together, before fees−0.091%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and edgeX is 0.099% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 90 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 -0.206% in total (about -10.7% 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 | Binance NETUSDT | 352.00 | 0 | get 0.0000% / 8h | 7h 54m | $358K | $800K | 20x |
| Short | edgeX NETUSDC | 351.51 | −0.0656 | pay 0.0328% / 4h | 3h 54m | $37K | $331K | 10x |
Binance NETUSDT
edgeX NETUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- −$137.8
- Price spread: −0.137% → −0.038%
- −$9.89
- Slippage, 4 orders
- −$82.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$249.61
- Costs to cover
- 1.019%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; edgeX: live order book, 44 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 Binance live order book, 8 min ago | 3.41 bp | 36.7 bp −$37 | 87.7 bp −$877 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 44 min ago | 10.39 bp | 26.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
NET on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:NET | −1.2923% | 1h | 352.37 | +0.106% | $180K | $44K | 10x | as long as short |
| edgeX NETUSDCshort | −0.0656% | 4h | 351.51 | −0.137% | $37K | $331K | 10x | |
| tradeXYZ xyz:NET | −0.0380% | 1h | 352.08 | +0.024% | $394K | $182K | 10x | as long as short |
| Binance NETUSDTlong | 0.0000% | 8h | 352.00 | long leg | $358K | $800K | 20x | |
| Bybit NETUSDT | 0.0000% | 8h | 352.39 | +0.112% | $389K | $115K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 352.15 | +0.044% | $175K | $104K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 351.50 | −0.141% | $39K | $4K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 350.96 | −0.294% | $226K | $653K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 352.20 | +0.058% | $9K | $354K | 20x | as long as short |
| Phoenix NET | +0.0136% | 1h | 350.75 | −0.354% | $167 | $80K | 10x | as long as short |
Paragon para:NET
tradeXYZ xyz:NET
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
Phoenix NET