Funding you earn now, next payment 04:00 UTC+0.0495%/8h= +54.2% APRpaid last 24h +0.060%
Price spread now: Bybit against edgeX−0.114%61s7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as 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−$2172.166% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.114%, 7d avg +0.051%
=Together, before fees+0.372%+ Points / potential airdropedgeX: Active · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.165% cheaper against edgeX than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of +0.051%). If the spread goes back, that is −$17 on $10k: about 27 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.181% in total) that is about 6.4 days. 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 0.181% in total (about 9.4% 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 | edgeX NETUSDC | 353.07 | −0.0495 | get 0.0248% / 4h | 3h 58m | $37K | $329K | 10x |
| Short | Bybit NETUSDT | 352.67 | 0 | get 0.0000% / 8h | 3h 58m | $383K | $108K | 25x |
edgeX NETUSDC
Bybit NETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $104.03
- Price spread: −0.114% → +0.051%
- −$16.5
- Slippage, 4 orders
- −$196.6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$129.07
- Costs to cover
- 2.166%
- Break-even
- 15.7 days
Slippage from edgeX: live order book, 60 min ago; Bybit: live order book, 51 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, 60 min ago | 14.57 bp | 25.2 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 51 min ago | 10.47 bp | 111.3 bp −$111 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX NETUSDClong | −0.0495% | 4h | 353.07 | long leg | $37K | $329K | 10x | |
| tradeXYZ xyz:NET | −0.0089% | 1h | 353.28 | +0.059% | $385K | $194K | 10x | as long as short |
| Binance NETUSDT | 0.0000% | 8h | 353.20 | +0.035% | $366K | $773K | 20x | as long as short |
| Bybit NETUSDTshort | 0.0000% | 8h | 352.67 | −0.114% | $383K | $108K | 25x | |
| OKX NET-USDT-SWAP | 0.0000% | 8h | 353.23 | +0.044% | $177K | $104K | 20x | as long as short |
| Gate NET_USDT | 0.0000% | 8h | 352.50 | −0.162% | $40K | $6K | 20x | as long as short |
| Bitget NETUSDT | 0.0000% | 8h | 353.30 | +0.064% | $181K | $553K | 20x | as long as short |
| HTX NET-USDT | 0.0000% | 8h | 353.28 | +0.059% | $9K | $343K | 20x | as long as short |
| Phoenix NET | +0.0226% | 1h | 353.58 | +0.144% | $165 | $85K | 10x | as long as short |
| Paragon para:NET | +0.1681% | 1h | 352.57 | −0.143% | $175K | $38K | 10x | as long as short |
tradeXYZ xyz:NET
Binance NETUSDT
OKX NET-USDT-SWAP
Gate NET_USDT
Bitget NETUSDT
HTX NET-USDT
Phoenix NET
Paragon para:NET