Funding you earn now, next payment 00:00 UTC−0.0309%/8h= −33.8% APRpaid last 24h −0.157%
Price spread now: Bybit against edgeX−0.004%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days−0.577%−$58 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.004%, 7d avg +0.021%
=Together, before fees−0.585%+ Points / potential airdropedgeX: Active · farm board−$58 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.025% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX COINUSDC | 202.37 | 0.0309 | pay 0.0154% / 4h | 40m 58s | $52K | $295K | 10x |
| Short | Bybit COINUSDT | 202.36 | 0 | get 0.0000% / 8h | 40m 58s | $5.0M | $5.9M | 50x |
edgeX COINUSDC
Bybit COINUSDTFunding 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
- −$64.82
- Price spread: −0.004% → +0.021%
- −$2.5
- Slippage, 4 orders
- −$27.2
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$114.53
- Costs to cover
- 0.472%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 37 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, 37 min ago | 5.45 bp | 10.5 bp −$10 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.72 bp | 13.2 bp −$13 | 33.3 bp −$333 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 202.22 | −0.073% | $45K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 202.29 | −0.040% | $371K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 202.26 | −0.052% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 202.31 | −0.029% | $15.7M | $76.6M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 202.36 | −0.004% | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 202.32 | −0.024% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 202.28 | −0.044% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 202.30 | −0.034% | $841K | $1.1M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 202.35 | −0.009% | $12K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0012% | 8h | 202.34 | −0.014% | $6.9M | $10.1M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 202.26 | −0.054% | $1.4M | $3.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 202.28 | −0.044% | $434K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.35 | −0.009% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 202.18 | −0.093% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 202.24 | −0.063% | $140K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 202.30 | −0.034% | $75 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 202.16 | −0.103% | $367K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 202.18 | −0.093% | $1.0M | $141K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 202.14 | −0.113% | $91K | $328K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 202.28 | −0.044% | $585 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 202.31 | −0.028% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.31 | −0.029% | $199K | $342K | 20x | as long as short |
| Lighter COIN | +0.0184% | 1h | 202.30 | −0.034% | $377K | $2.0M | 10x | as long as short |
| Phoenix COIN | +0.0238% | 1h | 202.35 | −0.009% | $5K | $279K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0275% | 1h | 202.28 | −0.044% | $16.5M | $13.1M | 10x | as long as short |
| edgeX COINUSDClong | +0.0309% | 4h | 202.37 | long leg | $52K | $295K | 10x |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Lighter COIN
Phoenix COIN
tradeXYZ xyz:COIN