Funding you earn now, next payment 08:00 UTC−0.0268%/8h= −29.4% APRpaid last 24h +0.011%
Price spread now: Bybit against edgeX−0.020%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1081.078% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.020%, 7d avg −0.050%
=Together, before fees+0.111%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.029% dearer against edgeX than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.050%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.4% 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 | 52.641 | 0.0268 | pay 0.0134% / 4h | 1h 36m | $28K | $248K | 10x |
| Short | Bybit PYPLUSDT | 52.630 | 0 | get 0.0000% / 8h | 1h 36m | $371K | $44K | 25x |
edgeX PYPLUSDC
Bybit PYPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$56.37
- Price spread: −0.020% → −0.050%
- $2.95
- Slippage, 4 orders
- −$87.8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$161.22
- Costs to cover
- 1.078%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 5 min ago; Bybit: live order book, 63 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, 5 min ago | 7.60 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 63 min ago | 6.65 bp | 27.3 bp −$27 | 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 | 52.130 | −0.970% | $7K | $22K | 12x | as long as short |
| Binance PYPLUSDT | 0.0000% | 8h | 52.649 | +0.016% | $280K | $200K | 20x | as long as short |
| Bybit PYPLUSDTshort | 0.0000% | 8h | 52.630 | −0.020% | $371K | $44K | 25x | |
| OKX PYPL-USDT-SWAP | 0.0000% | 8h | 52.640 | −0.001% | $114K | $40K | 20x | as long as short |
| Gate PYPL_USDT | 0.0000% | 8h | 52.660 | +0.037% | $36K | $2K | 20x | as long as short |
| Bitget PYPLUSDT | 0.0000% | 8h | 52.630 | −0.020% | $78K | $10K | 20x | as long as short |
| HTX PYPL-USDT | 0.0000% | 8h | 52.650 | +0.018% | $7K | $19K | 10x | as long as short |
| edgeX PYPLUSDClong | +0.0268% | 4h | 52.641 | long leg | $28K | $248K | 10x |
Injective PYPL/USDC PERP
Binance PYPLUSDT
OKX PYPL-USDT-SWAP
Gate PYPL_USDT
Bitget PYPLUSDT
HTX PYPL-USDT