Funding you earn now, next payment 04:00 UTC+0.0365%/8h= +40.0% APRpaid last 24h +0.037%
Price spread now: edgeX against Bitget+0.029%74s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.029% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 74 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 -0.023% in total (about -1.2% 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 | Bitget PYPLUSDT | 52.630 | 0 | get 0.0000% / 8h | 6h 28m | $78K | $10K | 20x |
| Short | edgeX PYPLUSDC | 52.645 | 0.0365 | get 0.0183% / 4h | 2h 28m | $28K | $250K | 10x |
Bitget PYPLUSDT
edgeX PYPLUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. 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
- $76.69
- Price spread: +0.029% → 0.000%
- $2.92
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $58.61
- Costs to cover
- 0.210%
- Break-even
- 1.7 days
Slippage unknown: Bitget: no order-book sample; edgeX: live order book, 39 min ago. Net counts fees only.
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 Bitget no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 39 min ago | 10.44 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
Bitget: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.120 | −0.969% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDT | 0.0000% | 8h | 52.647 | +0.032% | $284K | $181K | 20x | as long as short |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.620 | −0.019% | $371K | $44K | 25x | as long as short |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.740 | +0.209% | $114K | $39K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.680 | +0.095% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDTlong | 0.0000% | 8h | 52.630 | long leg | $78K | $10K | 20x | |
| HTX PYPL-USDT | 0.0000% | 8h | 52.660 | +0.057% | $7K | $14K | 10x | as long as short |
| edgeX PYPLUSDCshort | +0.0365% | 4h | 52.645 | +0.029% | $28K | $250K | 10x |
Injective PYPL/USDC PERP
Binance PYPLUSDT
Bybit PYPLUSDT
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
HTX PYPL-USDT