Funding you earn now, next payment 12:00 UTC−0.0930%/8h= −101.9% APRpaid last 24h +0.178%
Price spread now: Binance against edgeX+0.429%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$960.960% of the position
Funding, last 7 days+0.134%+$13 on $10k
+Price spread, last 2 days (all we have)−0.420%−$42 · spread now +0.429%, 7d avg +0.032%
=Together, before fees−0.286%+ Points / potential airdropedgeX: Active · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.397% dearer against edgeX than usual: you sell high and buy low (spread +0.429% now, against its 7-day average of +0.032%): +$40 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 7 days funding on this pair paid +0.134%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% 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 TZAUSDC | 42.965 | 0.0930 | pay 0.0465% / 4h | 49m 29s | $40K | $313K | 10x |
| Short | Binance TZAUSDT | 43.149 | 0 | get 0.0000% / 8h | 4h 49m | $897K | $463K | 25x |
edgeX TZAUSDC
Binance TZAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$195.37
- Price spread: +0.429% → +0.032%
- $39.69
- Slippage, 4 orders
- −$77.02
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$251.7
- Costs to cover
- 0.960%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 57 min ago; Binance: live order book, 36 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, 57 min ago | 11.62 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 36 min ago | 5.80 bp | 26.8 bp −$27 | 72.3 bp −$723 | doesn't fit | doesn't fit |
TZA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance TZAUSDTshort | 0.0000% | 8h | 43.149 | +0.429% | $897K | $463K | 25x | |
| Bybit TZAUSDT | 0.0000% | 8h | 43.150 | +0.431% | $365K | $85K | 25x | as long as short |
| Gate TZA_USDT | 0.0000% | 8h | 43.100 | +0.314% | $111K | $831 | 20x | as long as short |
| MEXC TZA_USDT | 0.0000% | 8h | 43.150 | +0.431% | $209K | $100K | 50x | as long as short |
| Bitget TZAUSDT | 0.0000% | 8h | 43.104 | +0.324% | $164K | $70K | 20x | as long as short |
| Variational Omni TZA | 0.0000% | 8h | 42.964 | −0.003% | $172K | $37K | — | as long as short |
| HTX TZA-USDT | 0.0000% | 8h | 42.980 | +0.035% | $6K | $38K | 10x | as long as short |
| edgeX TZAUSDClong | +0.0930% | 4h | 42.965 | long leg | $40K | $313K | 10x |
Bybit TZAUSDT
Gate TZA_USDT
MEXC TZA_USDT
Bitget TZAUSDT
Variational Omni TZA
HTX TZA-USDT