Funding you earn now, next payment 04:00 UTC−0.0928%/8h= −101.6% APRpaid last 24h −0.097%
Price spread now: Binance against edgeX+0.114%50s7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as 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−$1000.995% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 2 days (all we have)−0.092%−$9 · spread now +0.114%, 7d avg +0.045%
=Together, before fees−0.105%+ Points / potential airdropedgeX: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.069% dearer against edgeX than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.045%): +$7 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.013% in total) that is about 38 days. The two prices were read 50 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 -0.013% in total (about -0.7% 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 | edgeX NETUSDC | 352.91 | 0.0928 | pay 0.0464% / 4h | 2h 24m | $37K | $324K | 10x |
| Short | Binance NETUSDT | 353.32 | 0 | get 0.0000% / 8h | 6h 24m | $368K | $765K | 20x |
edgeX NETUSDC
Binance NETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$194.9
- Price spread: +0.114% → +0.045%
- $6.87
- Slippage, 4 orders
- −$80.5
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$287.52
- Costs to cover
- 0.995%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 43 min ago; Binance: live order book, 68 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, 43 min ago | 13.29 bp | 23.6 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 68 min ago | 7.50 bp | 25.2 bp −$25 | 123.6 bp −$1,236 | 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 | −0.0049% | 1h | 352.22 | −0.197% | $175K | $38K | 10x | as long as short |
| Binance NETUSDTshort | 0.0000% | 8h | 353.32 | +0.114% | $368K | $765K | 20x | |
| Bybit NETUSDT | 0.0000% | 8h | 353.00 | +0.024% | $384K | $108K | 25x | as long as short |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 353.10 | +0.053% | $177K | $101K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 352.60 | −0.089% | $39K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.19 | +0.078% | $186K | $558K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 353.06 | +0.041% | $9K | $346K | 20x | as long as short |
| tradeXYZ xyz:NET | +0.0050% | 1h | 352.90 | −0.004% | $371K | $185K | 10x | as long as short |
| Phoenix NET | +0.0317% | 1h | 353.21 | +0.084% | $168 | $85K | 10x | as long as short |
| edgeX NETUSDClong | +0.0928% | 4h | 352.91 | long leg | $37K | $324K | 10x |
Paragon para:NET
Bybit NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
tradeXYZ xyz:NET
Phoenix NET