Funding you earn now, next payment 04:00 UTC+0.0978%/8h= +107.1% APRpaid last 24h −0.012%
Price spread now: Binance against edgeX−0.004%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$790.787% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 2 days (all we have)+0.012%+$1 · spread now −0.004%, 7d avg −0.013%
=Together, before fees+0.053%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% 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 PYPLUSDC | 52.642 | −0.0978 | get 0.0489% / 4h | 1h 39m | $28K | $248K | 10x |
| Short | Binance PYPLUSDT | 52.640 | 0 | get 0.0000% / 8h | 5h 39m | $284K | $177K | 20x |
edgeX PYPLUSDC
Binance PYPLUSDTFunding 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
- $205.42
- Price spread: −0.004% → −0.013%
- $0.87
- Slippage, 4 orders
- −$59.67
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $127.63
- Costs to cover
- 0.787%
- Break-even
- 2.7 days
Slippage from edgeX: live order book, 23 min ago; Binance: live order book, 37 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, 23 min ago | 8.55 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 37 min ago | 3.80 bp | 19.4 bp −$19 | 113.9 bp −$1,139 | 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 PYPLUSDClong | −0.0978% | 4h | 52.642 | long leg | $28K | $248K | 10x | |
| Injective PYPL/USDC PERP | −0.0220% | 1h | 52.120 | −0.992% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDTshort | 0.0000% | 8h | 52.640 | −0.004% | $284K | $177K | 20x | |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.620 | −0.042% | $371K | $44K | 25x | as long as short |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.740 | +0.186% | $114K | $39K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.680 | +0.072% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.610 | −0.061% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.590 | −0.099% | $7K | $15K | 10x | as long as short |
Injective PYPL/USDC PERP
Bybit PYPLUSDT
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT