Funding you earn now, next payment 00:00 UTC−0.0704%/8h= −77.1% APRnext payment −$3.52 per $10,000 · paid last 24h −0.110%
Price spread now: Binance against Bybit−0.167%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$246as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2252.251% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.167%, 7d avg −0.115%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Binance is 0.052% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.115%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.214% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.52 per $10,000. 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 | Bybit EDENUSDT | 0.05928 | 0.0804 | pay 0.0402% / 4h | 2h 01m | $1.5M | $1.0M | 20x |
| Short | Binance EDENUSDT | 0.05918 | 0.0100 | get 0.0050% / 4h | 2h 01m | $3.4M | $8.7M | 20x |
Bybit EDENUSDT
Binance EDENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$147.84
- Price spread: −0.167% → −0.115%
- −$5.15
- Slippage, 4 orders
- −$204.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$378.05
- Costs to cover
- 2.251%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 8 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 Bybit live order book, 5 min ago | 4.22 bp | 104.9 bp −$105 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 5.91 bp | 24.2 bp −$24 | 79.2 bp −$792 | doesn't fit | doesn't fit |
EDEN on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDEN | +0.0096% | 1h | 0.05924 | −0.067% | $26K | $17K | 3x | as long as short |
| Aster EDENUSDT | +0.0100% | 4h | 0.05919 | −0.151% | $64K | $84K | 5x | as long as short |
| Binance EDENUSDTshort | +0.0100% | 4h | 0.05918 | −0.167% | $3.4M | $8.7M | 20x | |
| OKX EDEN-USDT-SWAP | +0.0100% | 4h | 0.05922 | −0.101% | $660K | $3.1M | 20x | as long as short |
| Gate EDEN_USDT | +0.0100% | 8h | 0.05921 | −0.118% | $209K | $488K | 20x | as long as short |
| MEXC EDEN_USDT | +0.0100% | 4h | 0.05917 | −0.186% | $540K | $312K | 50x | as long as short |
| SunX EDEN-USDT | +0.0100% | 4h | 0.06050 | +2.058% | $1K | $1.7M | 20x | as long as short |
| BloFin EDEN-USDT | +0.0112% | 4h | 0.05915 | −0.219% | $191K | $4K | 20x | as long as short |
| KuCoin EDENUSDTM | +0.0260% | 4h | 0.05923 | −0.084% | $1.3M | $7.6M | 20x | as long as short |
| Bybit EDENUSDTlong | +0.0804% | 4h | 0.05928 | long leg | $1.5M | $1.0M | 20x |
Lighter EDEN
Aster EDENUSDT
OKX EDEN-USDT-SWAP
Gate EDEN_USDT
MEXC EDEN_USDT
SunX EDEN-USDT
BloFin EDEN-USDT
KuCoin EDENUSDTM