Funding you earn now, next payment 12:00 UTC+0.0284%/8h= +31.1% APRpaid last 24h +0.003%
Price spread now: edgeX against Bybit+0.078%51s7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as 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−$900.898% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)−0.325%−$33 · spread now +0.078%, 7d avg +0.049%
=Together, before fees−0.383%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.029% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.049%. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour. The two prices were read 51 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 -0.058% in total (about -3.0% 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 | Bybit PYPLUSDT | 52.670 | 0 | get 0.0000% / 8h | 7h 52m | $371K | $44K | 25x |
| Short | edgeX PYPLUSDC | 52.711 | 0.0284 | get 0.0142% / 4h | 3h 52m | $28K | $248K | 10x |
Bybit PYPLUSDT
edgeX PYPLUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bybit. 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
- $59.62
- Price spread: +0.078% → +0.049%
- $2.86
- Slippage, 4 orders
- −$69.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$27.36
- Costs to cover
- 0.898%
- Break-even
- 10.2 days
Slippage from Bybit: live order book, 37 min ago; edgeX: live order book, 45 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 Bybit live order book, 37 min ago | 9.49 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 45 min ago | 10.44 bp | 18.5 bp −$19 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.150 | −0.987% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDT | 0.0000% | 8h | 52.710 | +0.076% | $280K | $199K | 20x | as long as short |
| Bybit PYPLUSDTlong | 0.0000% | 8h | 52.670 | long leg | $371K | $44K | 25x | |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.840 | +0.323% | $115K | $39K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.690 | +0.038% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.650 | −0.038% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.720 | +0.095% | $7K | $21K | 10x | as long as short |
| edgeX PYPLUSDCshort | +0.0284% | 4h | 52.711 | +0.078% | $28K | $248K | 10x |
Injective PYPL/USDC PERP
Binance PYPLUSDT
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT