Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.102%

Price spread now: BloFin against ApeX Omni+0.203%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$364as in the Funding arb table

Net, price: spread back to 7d avg − costs−$374as in the Price arb table

costs, in and out, $10k−$3893.894% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.203%, 7d avg +0.050%

Together, before fees+0.246%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BloFin is 0.153% dearer against ApeX Omni than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.5921	0.0100	pay 0.0013% / 1h	22m 07s	$9K	$297K	50x
Short	BloFin EDGE-USDT	0.5933	0.0424	get 0.0212% / 4h	2h 22m	$659K	$102K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.203%Rate

Funding earned: $68.12
Price spread: +0.203% → +0.050%: $15.27
Slippage, 4 orders: −$367.35
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$305.96
Costs to cover: 3.894%
Break-even: 38.4 days

Slippage from ApeX Omni: live order book, 25 min ago; BloFin: live order book, 4 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 ApeX Omni live order book, 25 min ago	14.35 bp	172.1 bp −$172	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	9.29 bp	25.4 bp −$25	117.8 bp −$1,178	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
Backpack EDGE_USDC_PERP	−0.0068%	1h	0.5968	+0.792%	$59K	$117K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5958	+0.620%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5957	+0.608%	$7.2M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5959	+0.642%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5955	+0.574%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5912	−0.160%	$187K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5951	+0.514%	$9K	$2.8M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5921	long leg	$9K	$297K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5915	−0.101%	$4K	$633K	10x	as long as short
Aster EDGEUSDT	+0.0335%	4h	0.5957	+0.611%	$52K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDTshort	+0.0424%	4h	0.5933	+0.203%	$659K	$102K	50x
Extended EDGE-USD	+0.0448%	1h	0.5968	+0.800%	$27K	$89K	5x	as long as short
Binance EDGEUSDT	+0.0450%	4h	0.5972	+0.861%	$10.2M	$10.6M	50x	as long as short
MEXC EDGE_USDT	+0.0458%	4h	0.5970	+0.828%	$1.1M	$822K	50x	as long as short
edgeX EDGEUSDC	+0.0458%	4h	0.5908	−0.225%	$14.2M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0499%	4h	0.5973	+0.878%	$3.7M	$6.0M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0582%	4h	0.5960	+0.659%	$3K	$1K	10x	as long as short