Funding you earn now, next payment 08:00 UTC+0.0769%/8h= +84.2% APRpaid last 24h +0.165%
Price spread now: Bybit against edgeX−0.078%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1291.295% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.078%, 7d avg +0.039%
=Together, before fees+0.271%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.118% cheaper against edgeX than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.039%). If the spread goes back, that is −$12 on $10k: about 12 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.055% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.8% 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 TZAUSDC | 43.854 | −0.0769 | get 0.0384% / 4h | 3h 49m | $41K | $313K | 10x |
| Short | Bybit TZAUSDT | 43.820 | 0 | get 0.0000% / 8h | 3h 49m | $369K | $72K | 25x |
edgeX TZAUSDC
Bybit TZAUSDTFunding 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
- $161.46
- Price spread: −0.078% → +0.039%
- −$11.78
- Slippage, 4 orders
- −$109.49
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $20.19
- Costs to cover
- 1.295%
- Break-even
- 6.1 days
Slippage from edgeX: live order book, 4 min ago; Bybit: live order book, 60 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, 4 min ago | 14.82 bp | 21.9 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 60 min ago | 9.13 bp | 38.1 bp −$38 | 197.1 bp −$1,971 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TZAUSDClong | −0.0769% | 4h | 43.854 | long leg | $41K | $313K | 10x | |
| Binance TZAUSDT | 0.0000% | 8h | 43.810 | −0.102% | $902K | $405K | 25x | as long as short |
| Bybit TZAUSDTshort | 0.0000% | 8h | 43.820 | −0.078% | $369K | $72K | 25x | |
| Gate TZA_USDT | 0.0000% | 8h | 43.810 | −0.101% | $112K | $788 | 20x | as long as short |
| MEXC TZA_USDT | 0.0000% | 8h | 43.830 | −0.056% | $227K | $91K | 50x | as long as short |
| Bitget TZAUSDT | 0.0000% | 8h | 43.819 | −0.081% | $168K | $67K | 20x | as long as short |
| Variational Omni TZA | 0.0000% | 8h | 43.832 | −0.050% | $188K | $31K | — | as long as short |
| HTX TZA-USDT | 0.0000% | 8h | 43.920 | +0.150% | $6K | $37K | 10x | as long as short |
Binance TZAUSDT
Gate TZA_USDT
MEXC TZA_USDT
Bitget TZAUSDT
Variational Omni TZA
HTX TZA-USDT