Funding you earn now, next payment 12:00 UTC+0.0982%/8h= +107.5% APRpaid last 24h +0.059%
Price spread now: Bybit against edgeX+0.052%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2392.389% of the position
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)+0.256%+$26 · spread now +0.052%, 7d avg +0.032%
=Together, before fees+0.418%+ Points / potential airdropedgeX: Active · farm board+$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Bybit is 0.020% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.032%.
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 are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SKDDUSDC | 6.9664 | −0.0982 | get 0.0491% / 4h | 1h 29m | $8K | $164K | 10x |
| Short | Bybit SKDDUSDT | 6.9700 | 0 | get 0.0000% / 8h | 5h 29m | $53K | $192K | 25x |
edgeX SKDDUSDC
Bybit SKDDUSDTFunding 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
- $206.19
- Price spread: +0.052% → +0.032%
- $2
- Slippage, 4 orders
- −$218.86
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$30.67
- Costs to cover
- 2.389%
- Break-even
- 8.0 days
Slippage from edgeX: live order book, 15 min ago; Bybit: live order book, 8 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, 15 min ago | 7.18 bp | 20.9 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 14.35 bp | 100.5 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
SKDD on 9 exchanges
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 SKDDUSDClong | −0.0982% | 4h | 6.9664 | long leg | $8K | $164K | 10x | |
| Binance SKDDUSDT | 0.0000% | 8h | 6.9650 | −0.020% | $336K | $1.3M | 20x | as long as short |
| Bybit SKDDUSDTshort | 0.0000% | 8h | 6.9700 | +0.052% | $53K | $192K | 25x | |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.9730 | +0.095% | $373K | $1.1M | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 6.9870 | +0.296% | $119K | $32K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 6.9600 | −0.092% | $685K | $108K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 6.9760 | +0.138% | $2K | $38K | 20x | as long as short |
| Bitget SKDDUSDT | +0.1194% | 8h | 6.9510 | −0.221% | $207K | $275K | 20x | as long as short |
| MEXC SKDD_USDT | +0.1204% | 8h | 6.9750 | +0.124% | $854K | $134K | 20x | as long as short |
Binance SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
Bitget SKDDUSDT
MEXC SKDD_USDT