Funding you earn now, next payment 00:00 UTC−0.0886%/8h= −97.0% APRpaid last 24h −0.012%
Price spread now: edgeX against Binance−0.069%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 2 days (all we have)+0.081%+$8 · spread now −0.069%, 7d avg +0.014%
=Together, before fees+0.062%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and edgeX is 0.083% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% 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 PYPLUSDT | 52.732 | 0 | get 0.0000% / 8h | 7h 59m | $285K | $189K | 20x |
| Short | edgeX PYPLUSDC | 52.696 | −0.0886 | pay 0.0443% / 4h | 3h 59m | $28K | $249K | 10x |
Binance PYPLUSDT
edgeX PYPLUSDCFunding 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
- −$186.1
- Price spread: −0.069% → +0.014%
- −$8.29
- Slippage, 4 orders
- −$58.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$271.54
- Costs to cover
- 0.772%
- Break-even
- never at this rate
Slippage from Binance: live order book, 47 min ago; edgeX: live order book, 13 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, 47 min ago | 1.90 bp | 18.1 bp −$18 | 109.7 bp −$1,097 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 13 min ago | 10.44 bp | 20.1 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
PYPL 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 PYPLUSDCshort | −0.0886% | 4h | 52.696 | −0.069% | $28K | $249K | 10x | |
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.160 | −1.085% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDTlong | 0.0000% | 8h | 52.732 | long leg | $285K | $189K | 20x | |
| Bybit PYPLUSDT | 0.0000% | 8h | 53.100 | +0.697% | $373K | $44K | 25x | as long as short |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.740 | +0.015% | $116K | $40K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.690 | −0.080% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.650 | −0.156% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.710 | −0.042% | $7K | $12K | 10x | as long as short |
Injective PYPL/USDC PERP
Bybit PYPLUSDT
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT