Funding arb · Price arb /

EDEN

all EDEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2959%/8h= +324.0% APRpaid last 24h +0.086%

Price spread now: Bybit against Gate−0.033%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$557as in the Funding arb table

Net, price: spread back to 7d avg − costs−$588as in the Price arb table

costs, in and out, $10k−$5775.770% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.033%, 7d avg +0.073%

Together, before fees+0.404%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.106% cheaper against Gate than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.073%). If the spread goes back, that is −$11 on $10k: about 3 hours of funding at the current rate (+$89 a day). At the pace of the last 7 days (+0.204% in total) that is about 3.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.7% a year). A funding rate is set anew for every payment. 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	Gate EDEN_USDT	0.06036	0.1484	pay 0.1484% / 8h	7h 58m	$210K	$466K	20x
Short	Bybit EDENUSDT	0.06034	0.4443	get 0.2222% / 4h	3h 58m	$1.6M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now −0.033%Rate

Funding earned: $621.4
Price spread: −0.033% → +0.073%: −$10.6
Slippage, 4 orders: −$550.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $33.84
Costs to cover: 5.770%
Break-even: 6.6 days

Slippage from Gate: live order book, 13 min ago; Bybit: 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 Gate live order book, 13 min ago	10.79 bp	197.5 bp −$197	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	6.62 bp	61.2 bp −$61	601.4 bp −$6,014	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
BloFin EDEN-USDT	+0.0076%	4h	0.06024	−0.199%	$193K	$5K	20x	as long as short
Lighter EDEN	+0.0096%	1h	0.06035	−0.017%	$26K	$17K	3x	as long as short
Aster EDENUSDT	+0.0100%	4h	0.06026	−0.171%	$64K	$85K	5x	as long as short
Binance EDENUSDT	+0.0100%	4h	0.06034	−0.036%	$3.5M	$8.9M	20x	as long as short
MEXC EDEN_USDT	+0.0100%	4h	0.06032	−0.066%	$541K	$305K	50x	as long as short
SunX EDEN-USDT	+0.0100%	4h	0.06160	+2.054%	$1K	$1.7M	20x	as long as short
OKX EDEN-USDT-SWAP	+0.0254%	4h	0.06039	+0.050%	$667K	$3.2M	20x	as long as short
KuCoin EDENUSDTM	+0.0876%	4h	0.06040	+0.066%	$1.3M	$7.6M	20x	as long as short
Gate EDEN_USDTlong	+0.1484%	8h	0.06036	long leg	$210K	$466K	20x
Bybit EDENUSDTshort	+0.4443%	4h	0.06034	−0.033%	$1.6M	$1.1M	20x