Funding you earn now, next payment 08:00 UTC−0.0318%/8h= −34.8% APRpaid last 24h −0.165%
Price spread now: edgeX against MEXC+0.001%83s7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as 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−$570.570% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.001%, 7d avg −0.021%
=Together, before fees−0.270%+ Points / potential airdropedgeX: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.022% dearer against MEXC than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.021%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.051% in total) that is about 3.0 days. The two prices were read 83 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 -0.051% in total (about -2.6% 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 | MEXC TZA_USDT | 43.760 | 0 | get 0.0000% / 8h | 36m 05s | $221K | $95K | 50x |
| Short | edgeX TZAUSDC | 43.760 | −0.0318 | pay 0.0159% / 4h | 36m 05s | $41K | $313K | 10x |
MEXC TZA_USDT
edgeX TZAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against MEXC. 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
- −$66.72
- Price spread: +0.001% → −0.021%
- $2.16
- Slippage, 4 orders
- −$48.04
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$121.6
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 48 min ago; edgeX: live order book, 2 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 MEXC live order book, 48 min ago | 4.57 bp | 8.7 bp −$9 | 108.0 bp −$1,080 | 215.5 bp −$21.5K | doesn't fit |
| Sell edgeX live order book, 2 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TZAUSDCshort | −0.0318% | 4h | 43.760 | +0.001% | $41K | $313K | 10x | |
| Binance TZAUSDT | 0.0000% | 8h | 43.762 | +0.004% | $895K | $421K | 25x | as long as short |
| Bybit TZAUSDT | 0.0000% | 8h | 43.770 | +0.023% | $367K | $69K | 25x | as long as short |
| Gate TZA_USDT | 0.0000% | 8h | 43.760 | 0.000% | $112K | $810 | 20x | as long as short |
| MEXC TZA_USDTlong | 0.0000% | 8h | 43.760 | long leg | $221K | $95K | 50x | |
| Bitget TZAUSDT | 0.0000% | 8h | 43.783 | +0.053% | $168K | $66K | 20x | as long as short |
| Variational Omni TZA | 0.0000% | 8h | 43.716 | −0.099% | $188K | $32K | — | as long as short |
| HTX TZA-USDT | 0.0000% | 8h | 43.770 | +0.023% | $6K | $37K | 10x | as long as short |
Binance TZAUSDT
Bybit TZAUSDT
Gate TZA_USDT
Bitget TZAUSDT
Variational Omni TZA
HTX TZA-USDT