Funding you earn now, next payment 12:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.10 per $10,000 · paid last 24h +0.002%
Price spread now: edgeX against Binance+0.637%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$800.798% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.635%−$64 · spread now +0.637%, 7d avg +0.009%
=Together, before fees−0.631%+ Points / potential airdropedgeX: Active · farm board−$63 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and edgeX is 0.628% dearer against Binance than usual: you sell high and buy low: +$63 more if the spread goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8024 | 0.0853 | pay 0.0427% / 4h | 3h 33m | $111.4M | $173.7M | 10x |
| Short | edgeX BTWUSDC | 0.8075 | 0.0874 | get 0.0437% / 4h | 3h 33m | $351K | $510K | 10x |
Binance BTWUSDT
edgeX BTWUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Binance. 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
- $4.39
- Price spread: +0.637% → +0.009%
- $62.78
- Slippage, 4 orders
- −$60.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$12.61
- Costs to cover
- 0.798%
- Break-even
- 27.1 days
Slippage from Binance: live order book, 10 min ago; edgeX: live order book, 41 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 Binance live order book, 10 min ago | 1.23 bp | 31.7 bp −$32 | 178.1 bp −$1,781 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 41 min ago | 3.28 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.0100% | 4h | 0.8007 | −0.212% | $15.5M | $39.7M | 10x | as long as short |
| Gate BTW_USDT | +0.0100% | 4h | 0.8018 | −0.076% | $3.3M | $17.2M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8002 | −0.280% | $7.1M | $4.7M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8050 | +0.318% | $211K | $728K | 10x | as long as short |
| Bitget BTWUSDT | +0.0578% | 4h | 0.8037 | +0.163% | $25.2M | $14.7M | 5x | as long as short |
| Aster BTWUSDT | +0.0809% | 4h | 0.8026 | +0.019% | $2.2M | $3.3M | 5x | as long as short |
| BingX BTW-USDT | +0.0846% | 4h | 0.8026 | +0.025% | — | $4.0M | — | as long as short |
| MEXC BTW_USDT | +0.0852% | 4h | 0.8014 | −0.125% | $8.9M | $6.3M | 20x | as long as short |
| Binance BTWUSDTlong | +0.0853% | 4h | 0.8024 | long leg | $111.4M | $173.7M | 10x | |
| Extended BTW-USD | +0.0856% | 1h | 0.8015 | −0.113% | $35K | $15K | 5x | as long as short |
Bybit BTWUSDT
Gate BTW_USDT
KuCoin BTWUSDTM
HTX BTW-USDT
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
MEXC BTW_USDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDCshort | +0.0874% | 4h | 0.8075 | +0.637% | $351K | $510K | 10x |