Funding you earn now, next payment 12:00 UTC−0.0737%/8h= −80.7% APRpaid last 24h −0.083%
Price spread now: Bybit against edgeX−0.143%81s7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as 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−$1221.225% of the position
Funding, last 7 days+0.322%+$32 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.143%, 7d avg −0.039%
=Together, before fees+0.344%+ Points / potential airdropedgeX: Active · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Bybit is 0.104% cheaper against edgeX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.322%, so the current rate has only just turned against you. The two prices were read 81 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 0.322% in total (about 16.8% 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 SOFIUSDC | 17.004 | 0.0737 | pay 0.0369% / 4h | 3h 54m | $12K | $244K | 10x |
| Short | Bybit SOFIUSDT | 16.980 | 0 | get 0.0000% / 8h | 7h 54m | $565K | $791K | 25x |
edgeX SOFIUSDC
Bybit SOFIUSDTFunding 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
- −$154.85
- Price spread: −0.143% → −0.039%
- −$10.36
- Slippage, 4 orders
- −$102.49
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$287.7
- Costs to cover
- 1.225%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 43 min ago; Bybit: live order book, 41 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, 43 min ago | 14.71 bp | 41.4 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 41 min ago | 2.94 bp | 29.3 bp −$29 | 109.0 bp −$1,090 | doesn't fit | doesn't fit |
SOFI 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOFIUSDTshort | 0.0000% | 8h | 16.980 | −0.143% | $565K | $791K | 25x | |
| Gate SOFI_USDT | 0.0000% | 8h | 17.001 | −0.019% | $168K | $15K | 20x | as long as short |
| Bitget SOFIUSDT | 0.0000% | 8h | 16.945 | −0.349% | $603K | $183K | 20x | as long as short |
| Injective SOFI/USDC PERP | +0.0033% | 1h | 17.080 | +0.445% | $16K | $20K | 5.5x | as long as short |
| Extended SOFI-USD | +0.0040% | 1h | 16.940 | −0.378% | $2K | $363 | 5x | as long as short |
| Lighter RH SOFI | +0.0560% | 1h | 16.997 | −0.043% | $39K | $25K | 10x | as long as short |
| Binance SOFIUSDT | +0.0695% | 8h | 17.003 | −0.005% | $1.7M | $758K | 25x | as long as short |
| edgeX SOFIUSDClong | +0.0737% | 4h | 17.004 | long leg | $12K | $244K | 10x | |
| Paragon para:SOFI | +4.3752% | 1h | 16.943 | −0.359% | $100K | $44K | 10x | as long as short |
Gate SOFI_USDT
Bitget SOFIUSDT
Injective SOFI/USDC PERP
Extended SOFI-USD
Lighter RH SOFI
Binance SOFIUSDT
Paragon para:SOFI