Funding you earn now, next payment 04:00 UTC−0.0927%/8h= −101.5% APRpaid last 24h +0.105%
Price spread now: Gate against edgeX−0.042%82s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as 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−$1571.573% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.042%, 7d avg +0.036%
=Together, before fees+0.280%+ Points / potential airdropedgeX: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Gate is 0.078% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you. The two prices were read 82 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 0.075% in total (about 3.9% 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 | 43.838 | 0.0927 | pay 0.0463% / 4h | 1h 32m | $41K | $314K | 10x |
| Short | Gate TZA_USDT | 43.820 | 0 | get 0.0000% / 8h | 5h 32m | $113K | $788 | 20x |
edgeX TZAUSDC
Gate TZA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$194.57
- Price spread: −0.042% → +0.036%
- −$7.79
- Slippage, 4 orders
- −$133.31
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$359.67
- Costs to cover
- 1.573%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 31 min ago; Gate: live order book, 23 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, 31 min ago | 6.85 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 23 min ago | 47.99 bp | 59.8 bp −$60 | 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 | 43.843 | +0.011% | $906K | $354K | 25x | as long as short |
| Bybit TZAUSDT | 0.0000% | 8h | 43.790 | −0.110% | $369K | $74K | 25x | as long as short |
| Gate TZA_USDTshort | 0.0000% | 8h | 43.820 | −0.042% | $113K | $788 | 20x | |
| MEXC TZA_USDT | 0.0000% | 8h | 43.830 | −0.019% | $227K | $91K | 50x | as long as short |
| Bitget TZAUSDT | 0.0000% | 8h | 43.821 | −0.039% | $168K | $67K | 20x | as long as short |
| Variational Omni TZA | 0.0000% | 8h | 43.841 | +0.007% | $188K | $31K | — | as long as short |
| HTX TZA-USDT | 0.0000% | 8h | 43.830 | −0.019% | $6K | $37K | 10x | as long as short |
| edgeX TZAUSDClong | +0.0927% | 4h | 43.838 | long leg | $41K | $314K | 10x |
Binance TZAUSDT
Bybit TZAUSDT
MEXC TZA_USDT
Bitget TZAUSDT
Variational Omni TZA
HTX TZA-USDT