Funding you earn now, next payment 12:00 UTC−0.0802%/8h= −87.8% APRpaid last 24h −0.059%
Price spread now: edgeX against Bybit−0.053%71s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$264as 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−$2482.480% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 4 days (all we have)−0.681%−$68 · spread now −0.053%, 7d avg −0.036%
=Together, before fees−0.843%+ Points / potential airdropedgeX: Active · farm board−$84 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. The two prices were read 71 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 -0.162% in total (about -8.5% 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 SKDDUSDT | 7.1300 | 0 | get 0.0000% / 8h | 7h 44m | $56K | $177K | 25x |
| Short | edgeX SKDDUSDC | 7.1262 | −0.0802 | pay 0.0401% / 4h | 3h 44m | $8K | $163K | 10x |
Bybit SKDDUSDT
edgeX SKDDUSDCFunding 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
- −$168.34
- Price spread: −0.053% → −0.036%
- −$1.68
- Slippage, 4 orders
- −$228.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$418.06
- Costs to cover
- 2.480%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 35 min ago; edgeX: live order book, 52 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, 35 min ago | 14.18 bp | 94.4 bp −$94 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 52 min ago | 9.22 bp | 55.2 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
SKDD on 9 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 SKDDUSDCshort | −0.0802% | 4h | 7.1262 | −0.053% | $8K | $163K | 10x | |
| Binance SKDDUSDT | 0.0000% | 8h | 7.1255 | −0.063% | $351K | $1.3M | 20x | as long as short |
| Bybit SKDDUSDTlong | 0.0000% | 8h | 7.1300 | long leg | $56K | $177K | 25x | |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.1300 | 0.000% | $389K | $1.0M | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.1510 | +0.295% | $121K | $30K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 7.1300 | 0.000% | $701K | $103K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.1530 | +0.323% | $3K | $42K | 20x | as long as short |
| Bitget SKDDUSDT | +0.2516% | 8h | 7.1070 | −0.323% | $182K | $231K | 20x | as long as short |
| MEXC SKDD_USDT | +0.2522% | 8h | 7.1270 | −0.042% | $873K | $133K | 20x | as long as short |
Binance SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
Bitget SKDDUSDT
MEXC SKDD_USDT