Funding you earn now, next payment 04:00 UTC−0.0856%/8h= −93.7% APRpaid last 24h +0.082%
Price spread now: edgeX against Bybit−0.206%7-day average +0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2082.081% of the position
Funding, last 7 days+0.473%+$47 on $10k
+Price spread, last 4 days (all we have)+1.743%+$174 · spread now −0.206%, 7d avg +0.136%
=Together, before fees+2.217%+ Points / potential airdropedgeX: Active · farm board+$222 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and edgeX is 0.342% cheaper against Bybit than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.136%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.473%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.473% in total (about 24.7% 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 | Bybit SKUUUSDT | 31.200 | 0 | get 0.0000% / 8h | 6h 35m | $286K | $142K | 25x |
| Short | edgeX SKUUUSDC | 31.136 | −0.0856 | pay 0.0428% / 4h | 2h 35m | $192K | $287K | 10x |
Bybit SKUUUSDT
edgeX SKUUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$179.77
- Price spread: −0.206% → +0.136%
- −$34.19
- Slippage, 4 orders
- −$188.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$422.05
- Costs to cover
- 2.081%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 15 min ago; edgeX: live order book, 33 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, 15 min ago | 11.17 bp | 81.0 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 33 min ago | 9.56 bp | 21.9 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
SKUU on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKUUUSDCshort | −0.0856% | 4h | 31.136 | −0.206% | $192K | $287K | 10x | |
| Binance SKUUUSDT | 0.0000% | 8h | 31.210 | +0.032% | $595K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDTlong | 0.0000% | 8h | 31.200 | long leg | $286K | $142K | 25x | |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 31.210 | +0.032% | $743K | $1.1M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 31.194 | −0.019% | $238K | $19K | 20x | as long as short |
| Phemex SKUUUSDT | 0.0000% | 8h | 31.200 | 0.000% | $1.2M | $165K | 20x | as long as short |
| HTX SKUU-USDT | +0.0117% | 8h | 31.163 | −0.119% | $6K | $386K | 20x | as long as short |
| Bitget SKUUUSDT | +0.1110% | 8h | 31.197 | −0.010% | $593K | $287K | 20x | as long as short |
| MEXC SKUU_USDT | +0.1120% | 8h | 31.176 | −0.077% | $9.5M | $83K | 20x | as long as short |
Binance SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
Phemex SKUUUSDT
HTX SKUU-USDT
Bitget SKUUUSDT
MEXC SKUU_USDT