TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

TBT

RWAAll TBT markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
edgeXTBTUSDC
38.492+0.0553pay 0.0276% / 4h2h 50m$29K$182K10xLong edgeX
SHORT
BingXNCSKTBTUSDT-USDT
38.550−0.0050pay 0.0050% / 8h2h 50m$998K$1.6M—Short BingX
Price gap+0.150%63s
Funding gap−0.0603% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 5 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$117−0.0603% /8h now · paid −1.174% over the last 7D
Price—spread +0.150%63s now · prices read too far apart to compare
Costs−$940.938% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropedgeX: points · farm boardneeds both prices read together

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.150%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TBT on 9 exchanges

lowest funding first

Before you open

1 ok · 5 to watch
  • Watch: Thin at this size22.6 / 31.0 bp
    At $10k entering BingX costs 31.0 bp, fee and slippage, 1.4× edgeX’s.
  • Note: Margin at max leverage$1,000 + —
    edgeX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$18.08Long edgeX: 6 payments, −$16.58; short BingX: 3 payments, −$1.50.
  • Watch: Prices read 63 s apart+0.150% vs +0.111%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$29K vs $998K OI
    edgeX sets your exit cost. Check its book before closing.
  • OK: Points on a legedgeX points
    Volume here counts toward the points program.
  • Watch: KYCedgeX No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0559%/8h × 21 periods−$117.38
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$74.82
Fee edgeX bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$211.20
price spread not counted: prices read too far apart
Costs to cover0.938%Break-evennever at this rate
Slippage: edgeX: live order book, 61 min ago; BingX: live order book, 19 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGedgeX11.6622.6 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX3.8831.0 bp−$3184.2 bp−$842310.2 bp−$31.0K758.7 bp−$379.4K

Closing costs about the same again.

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