Funding you earn now, next payment 00:00 UTC+0.0345%/8h= +37.7% APRnext payment +$1.72 per $10,000 · paid last 24h +0.055%
Price spread now: Binance against Bybit+0.172%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$2012.008% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now +0.172%, 7d avg +0.117%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.055% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.117%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.230% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.72 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 EDGEUSDT | 0.5822 | 0.0100 | pay 0.0050% / 4h | 1h 26m | $6.9M | $3.3M | 25x |
| Short | Binance EDGEUSDT | 0.5832 | 0.0445 | get 0.0222% / 4h | 1h 26m | $9.9M | $10.1M | 50x |
Bybit EDGEUSDT
Binance EDGEUSDTFunding 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
- $72.39
- Price spread: +0.172% → +0.117%
- $5.5
- Slippage, 4 orders
- −$179.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$122.93
- Costs to cover
- 2.008%
- Break-even
- 18.9 days
Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 14 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, 2 min ago | 0.86 bp | 79.2 bp −$79 | 429.8 bp −$4,298 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.85 bp | 26.4 bp −$26 | 177.1 bp −$1,771 | doesn't fit | doesn't fit |
EDGE on 17 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 EDGE | +0.0096% | 1h | 0.5813 | −0.161% | $54K | $8K | 3x | as long as short |
| Bybit EDGEUSDTlong | +0.0100% | 4h | 0.5822 | long leg | $6.9M | $3.3M | 25x | |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5826 | +0.069% | $4.6M | $995K | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5825 | +0.052% | $59K | $100K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5807 | −0.253% | $190K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5824 | +0.034% | $12K | $1.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5827 | +0.086% | $8K | $294K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5794 | −0.481% | $4K | $608K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0180% | 4h | 0.5827 | +0.086% | $2.1M | $2.3M | 50x | as long as short |
| MEXC EDGE_USDT | +0.0442% | 4h | 0.5832 | +0.172% | $1.2M | $920K | 50x | as long as short |
Lighter EDGE
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
KuCoin EDGEUSDTM
MEXC EDGE_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDT | +0.0444% | 4h | 0.5833 | +0.183% | $67K | $136K | 5x | as long as short |
| Binance EDGEUSDTshort | +0.0445% | 4h | 0.5832 | +0.172% | $9.9M | $10.1M | 50x | |
| Extended EDGE-USD | +0.0448% | 1h | 0.5827 | +0.094% | $26K | $230K | 5x | as long as short |
| edgeX EDGEUSDC | +0.0479% | 4h | 0.5816 | −0.098% | $13.9M | $3.4M | 30x | as long as short |
| BloFin EDGE-USDT | +0.0491% | 4h | 0.5837 | +0.258% | $635K | $124K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0514% | 4h | 0.5835 | +0.223% | $3.6M | $5.8M | 20x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0546% | 4h | 0.5830 | +0.137% | $3K | — | 10x | as long as short |
Aster EDGEUSDT
Extended EDGE-USD
edgeX EDGEUSDC
BloFin EDGE-USDT
OKX EDGE-USDT-SWAP
Orderly PERP_EDGE_USDC