Settings8H · net · $10k
Funding arb · Price arb /

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0317%/8h= −34.7% APRnext payment $1.59 per $10,000 · paid last 24h +0.098%
Price spread now: edgeX against Bybit+0.054%7-day average +0.262% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs−$330as in the Price arb table
costs, in and out, $10k−$3103.096% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.266%+$27 on $10k
Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.054%, 7d avg +0.262%
Together, before fees+0.265%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.208% cheaper against Bybit than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.262%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.266%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BUSDT0.20590.1167pay 0.0583% / 4h3h 29m$1.8M$960K13x
ShortedgeX BUSDC0.20600.0850get 0.0425% / 4h3h 29m$3K$392K5x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$66.6
Price spread: +0.054% → +0.262%
−$20.83
Slippage, 4 orders
−$289.64
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$397.07
Costs to cover
3.096%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago2.18 bp89.8 bp −$902370.9 bp −$23.7Kdoesn't fitdoesn't fit
Sell edgeX live order book, 44 min ago9.83 bp40.0 bp −$40doesn't fitdoesn't fitdoesn't fit

B on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate B_USDT+0.0126%4h0.2058−0.044%$3.5M$615K20xas long as short
KuCoin BUSDTM+0.0698%4h0.2057−0.112%$1.9M$72K10xas long as short
BloFin B-USDT+0.0812%4h0.2057−0.092%$602K$40K20xas long as short
Extended B-USD+0.0824%1h0.2061+0.079%$16K$221K5xas long as short
MEXC B_USDT+0.0826%4h0.2060+0.053%$1.0M$353K100xas long as short
Binance BUSDT+0.0827%4h0.2061+0.102%$11.9M$2.0M20xas long as short
edgeX BUSDCshort+0.0850%4h0.2060+0.054%$3K$392K5x
Bybit BUSDTlong+0.1167%4h0.2059long leg$1.8M$960K13x
Bitget BUSDT+0.1228%4h0.2061+0.102%$2.8M$247K10xas long as short
BingX B-USDT+0.1528%4h0.2060+0.053%$1.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1598%4h0.2060+0.039%$1.9M$214K5xas long as short