Funding you earn now, next payment 08:00 UTC−0.0395%/8h= −43.3% APRnext payment −$1.98 per $10,000 · paid last 24h −0.086%
Price spread now: Bybit against edgeX+0.066%61s7-day average −0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as 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−$890.893% of the position
Funding, last 7 days−0.268%−$27 on $10k
+Price spread, last 4 days (all we have)−0.661%−$66 · spread now +0.066%, 7d avg −0.118%
=Together, before fees−0.929%+ Points / potential airdropedgeX: Active · farm board−$93 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.184% dearer against edgeX than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of −0.118%): +$18 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.268% in total) that is about 4.8 days. The two prices were read 61 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 -0.268% in total (about -13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.98 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 | edgeX PIEVERSEUSDC | 1.7984 | 0.0495 | pay 0.0248% / 4h | 1h 56m | $37K | $430K | 10x |
| Short | Bybit PIEVERSEUSDT | 1.7996 | 0.0100 | get 0.0050% / 4h | 1h 56m | $10.8M | $10.7M | 20x |
edgeX PIEVERSEUSDC
Bybit PIEVERSEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against edgeX. 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
- −$83.04
- Price spread: +0.066% → −0.118%
- $18.45
- Slippage, 4 orders
- −$69.28
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$153.87
- Costs to cover
- 0.893%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 52 min ago; Bybit: 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 edgeX live order book, 52 min ago | 4.68 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.56 bp | 22.4 bp −$22 | 288.2 bp −$2,882 | doesn't fit | doesn't fit |
PIEVERSE on 14 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 PIEVERSEUSDTshort | +0.0100% | 4h | 1.7996 | +0.066% | $10.8M | $10.7M | 20x | |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.7989 | +0.027% | $8.2M | $3.4M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.7988 | +0.020% | $48K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.7971 | −0.073% | $2K | $701K | 20x | as long as short |
| Bitget PIEVERSEUSDT | +0.0162% | 4h | 1.8025 | +0.227% | $3.9M | $2.1M | 10x | as long as short |
| MEXC PIEVERSE_USDT | +0.0478% | 4h | 1.8011 | +0.150% | $2.5M | $817K | 20x | as long as short |
| Binance PIEVERSEUSDT | +0.0480% | 4h | 1.8007 | +0.127% | $21.3M | $27.2M | 20x | as long as short |
| Extended PIEVERSE-USD | +0.0480% | 1h | 1.8014 | +0.169% | $41K | $207K | 5x | as long as short |
| BloFin PIEVERSE-USDT | +0.0482% | 4h | 1.8018 | +0.189% | $1.1M | $2.3M | 40x | as long as short |
| edgeX PIEVERSEUSDClong | +0.0495% | 4h | 1.7984 | long leg | $37K | $430K | 10x |
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Bitget PIEVERSEUSDT
MEXC PIEVERSE_USDT
Binance PIEVERSEUSDT
Extended PIEVERSE-USD
BloFin PIEVERSE-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIEVERSE-USDT | +0.0558% | 4h | 1.8016 | +0.177% | — | $7.1M | — | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0589% | 4h | 1.8015 | +0.172% | $7.1M | $17.5M | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0669% | 4h | 1.8004 | +0.111% | $167K | $240K | 5x | as long as short |
| KuCoin PIEVERSEUSDTM | +0.0838% | 4h | 1.8017 | +0.184% | $13.7M | $2.4M | 20x | as long as short |
BingX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
Aster PIEVERSEUSDT
KuCoin PIEVERSEUSDTM