Funding you earn now, next payment 04:00 UTC−0.0319%/8h= −34.9% APRpaid last 24h −0.037%
Price spread now: Bitget against edgeX−0.129%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.129% cheaper against edgeX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
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 | edgeX PYPLUSDC | 52.698 | 0.0319 | pay 0.0159% / 4h | 3h 15m | $28K | $249K | 10x |
| Short | Bitget PYPLUSDT | 52.630 | 0 | get 0.0000% / 8h | 7h 15m | $78K | $10K | 20x |
edgeX PYPLUSDC
Bitget PYPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$66.92
- Price spread: −0.129% → 0.000%
- −$12.95
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$100.87
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 57 min ago; Bitget: no order-book sample. 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 edgeX live order book, 57 min ago | 10.44 bp | 19.6 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget no order-book sample | — | — | — | — | — |
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 | 52.160 | −1.021% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDT | 0.0000% | 8h | 52.680 | −0.035% | $284K | $184K | 20x | as long as short |
| Bybit PYPLUSDT | 0.0000% | 8h | 52.670 | −0.054% | $371K | $45K | 25x | as long as short |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.740 | +0.079% | $114K | $40K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.690 | −0.016% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDTshort | 0.0000% | 8h | 52.630 | −0.129% | $78K | $10K | 20x | |
| HTX PYPL-USDT | 0.0000% | 8h | 52.710 | +0.022% | $7K | $13K | 10x | as long as short |
| edgeX PYPLUSDClong | +0.0319% | 4h | 52.698 | long leg | $28K | $249K | 10x |
Injective PYPL/USDC PERP
Binance PYPLUSDT
Bybit PYPLUSDT
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
HTX PYPL-USDT