Funding you earn now, next payment 12:00 UTC+0.0593%/8h= +64.9% APRpaid last 24h −0.178%
Price spread now: edgeX against Bybit−0.185%91s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as 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−$1691.688% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.185%, 7d avg −0.043%
=Together, before fees−0.094%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.142% cheaper against Bybit than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of −0.043%). If the spread goes back, that is −$14 on $10k: about 19 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.138%, so the current rate has only just turned in your favour. The two prices were read 91 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 -0.138% in total (about -7.2% 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 TZAUSDT | 44.160 | 0 | get 0.0000% / 8h | 7h 43m | $371K | $70K | 25x |
| Short | edgeX TZAUSDC | 44.078 | 0.0593 | get 0.0296% / 4h | 3h 43m | $41K | $314K | 10x |
Bybit TZAUSDT
edgeX TZAUSDCFunding 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
- $124.46
- Price spread: −0.185% → −0.043%
- −$14.22
- Slippage, 4 orders
- −$148.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$58.59
- Costs to cover
- 1.688%
- Break-even
- 10.3 days
Slippage from Bybit: live order book, 46 min ago; edgeX: live order book, 54 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, 46 min ago | 8.00 bp | 37.7 bp −$38 | 200.9 bp −$2,009 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 54 min ago | 9.14 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
TZA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance TZAUSDT | 0.0000% | 8h | 44.130 | −0.068% | $909K | $439K | 25x | as long as short |
| Bybit TZAUSDTlong | 0.0000% | 8h | 44.160 | long leg | $371K | $70K | 25x | |
| Gate TZA_USDT | 0.0000% | 8h | 44.070 | −0.204% | $113K | $801 | 20x | as long as short |
| MEXC TZA_USDT | 0.0000% | 8h | 44.130 | −0.068% | $223K | $95K | 50x | as long as short |
| Bitget TZAUSDT | 0.0000% | 8h | 44.142 | −0.041% | $169K | $67K | 20x | as long as short |
| Variational Omni TZA | 0.0000% | 8h | 44.077 | −0.187% | $189K | $32K | — | as long as short |
| HTX TZA-USDT | 0.0000% | 8h | 44.090 | −0.159% | $6K | $37K | 10x | as long as short |
| edgeX TZAUSDCshort | +0.0593% | 4h | 44.078 | −0.185% | $41K | $314K | 10x |
Binance TZAUSDT
Gate TZA_USDT
MEXC TZA_USDT
Bitget TZAUSDT
Variational Omni TZA
HTX TZA-USDT