Funding you earn now, next payment 04:00 UTC−0.0808%/8h= −88.5% APRpaid last 24h +0.063%
Price spread now: edgeX against Binance+0.034%110s7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as 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−$1401.395% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 2 days (all we have)−0.050%−$5 · spread now +0.034%, 7d avg −0.028%
=Together, before fees−0.199%+ Points / potential airdropedgeX: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.062% dearer against Binance than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.028%): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.149% in total) that is about 2.9 days. The two prices were read 110 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 -0.149% in total (about -7.8% 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 | Binance TBTUSDT | 38.750 | 0 | get 0.0000% / 8h | 5h 57m | $232K | $98K | 25x |
| Short | edgeX TBTUSDC | 38.763 | −0.0808 | pay 0.0404% / 4h | 1h 57m | $21K | $184K | 10x |
Binance TBTUSDT
edgeX TBTUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- −$169.71
- Price spread: +0.034% → −0.028%
- $6.23
- Slippage, 4 orders
- −$120.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$302.99
- Costs to cover
- 1.395%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; edgeX: live order book, 4 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 Binance live order book, 5 min ago | 5.16 bp | 29.0 bp −$29 | 140.3 bp −$1,403 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 11.61 bp | 48.4 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
TBT on 7 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 TBTUSDCshort | −0.0808% | 4h | 38.763 | +0.034% | $21K | $184K | 10x | |
| Binance TBTUSDTlong | 0.0000% | 8h | 38.750 | long leg | $232K | $98K | 25x | |
| Bybit TBTUSDT | 0.0000% | 8h | 38.760 | +0.026% | $77K | $7K | 25x | as long as short |
| Gate TBT_USDT | 0.0000% | 8h | 38.780 | +0.077% | $89K | $8K | 20x | as long as short |
| MEXC TBT_USDT | 0.0000% | 8h | 38.750 | 0.000% | $108K | $79K | 20x | as long as short |
| Bitget TBTUSDT | 0.0000% | 8h | 38.821 | +0.183% | $22K | $14K | 20x | as long as short |
| HTX TBT-USDT | 0.0000% | 8h | 38.770 | +0.052% | $5K | $303K | 10x | as long as short |
Bybit TBTUSDT
Gate TBT_USDT
MEXC TBT_USDT
Bitget TBTUSDT
HTX TBT-USDT