Funding you earn now, next payment 07:00 UTC+0.0649%/8h= +71.1% APRpaid last 24h +0.232%
Price spread now: BloFin against Backpack+0.047%7-day average +0.191% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$880.877% of the position
Funding, last 7 days−0.406%−$41 on $10k
+Price spread, last 4 days (all we have)+0.356%+$36 · spread now +0.047%, 7d avg +0.191%
=Funding pays, the price is against you. BloFin is 0.145% cheaper against Backpack than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.191%). If the spread goes back, that is −$14 on $10k: about 18 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.406%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.406% in total (about -21.2% 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 | Backpack EDGE_USDC_PERP | 0.6004 | −0.0149 | get 0.0019% / 1h | 8m 16s | $57K | $122K | 3.3x |
| Short | BloFin EDGE-USDT | 0.6007 | 0.0500 | get 0.0250% / 4h | 1h 08m | $663K | $107K | 50x |
Backpack EDGE_USDC_PERP
BloFin EDGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. 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
- $136.28
- Price spread: +0.047% → +0.191%
- −$14.46
- Slippage, 4 orders
- −$65.71
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $34.11
- Costs to cover
- 0.877%
- Break-even
- 5.2 days
Slippage from Backpack: live order book, 11 min ago; BloFin: live order book, 13 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 Backpack live order book, 11 min ago | 3.98 bp | 12.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 9.95 bp | 26.5 bp −$26 | 76.3 bp −$763 | 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_PERPlong | −0.0149% | 1h | 0.6004 | long leg | $57K | $122K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5997 | −0.122% | $44K | $22K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.6001 | −0.053% | $7.2M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.6015 | +0.180% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6008 | +0.063% | $4.8M | $1.1M | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.6021 | +0.278% | $190K | $144K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.6029 | +0.415% | $2K | $3.0M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6038 | +0.563% | $9K | $295K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5965 | −0.653% | $3K | $641K | 10x | as long as short |
| Aster EDGEUSDT | +0.0341% | 4h | 0.6007 | +0.051% | $53K | $155K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDC | +0.0476% | 4h | 0.6018 | +0.235% | $14.4M | $3.7M | 30x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0482% | 4h | 0.6010 | +0.097% | $3.8M | $6.1M | 20x | as long as short |
| BloFin EDGE-USDTshort | +0.0500% | 4h | 0.6007 | +0.047% | $663K | $107K | 50x | |
| MEXC EDGE_USDT | +0.0506% | 4h | 0.6003 | −0.020% | $1.1M | $807K | 50x | as long as short |
| Extended EDGE-USD | +0.0512% | 1h | 0.6002 | −0.040% | $27K | $83K | 5x | as long as short |
| Binance EDGEUSDT | +0.0514% | 4h | 0.6005 | +0.013% | $10.3M | $10.8M | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0633% | 4h | 0.6002 | −0.037% | $3K | $1K | 10x | as long as short |
edgeX EDGEUSDC
OKX EDGE-USDT-SWAP
MEXC EDGE_USDT
Extended EDGE-USD
Binance EDGEUSDT
Orderly PERP_EDGE_USDC