Funding you earn now, next payment 04:00 UTC−0.0394%/8h= −43.1% APRnext payment −$1.97 per $10,000 · paid last 24h −0.079%
Price spread now: Bitget against Binance−0.062%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1271.275% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 7 days−0.041%−$4 · spread now −0.062%, 7d avg −0.125%
=The price spread pays, funding is against you. Bitget is 0.063% dearer against Binance than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.125%): +$6 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.246% in total) that is about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.97 per $10,000. 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 | Binance EDGEUSDT | 0.5885 | 0.0494 | pay 0.0247% / 4h | 2h 11m | $10.0M | $10.4M | 50x |
| Short | Bitget EDGEUSDT | 0.5881 | 0.0100 | get 0.0050% / 4h | 2h 11m | $4.7M | $1.1M | 20x |
Binance EDGEUSDT
Bitget EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$82.74
- Price spread: −0.062% → −0.125%
- $6.25
- Slippage, 4 orders
- −$105.47
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$203.96
- Costs to cover
- 1.275%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Bitget: 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 Binance live order book, 13 min ago | 1.69 bp | 31.3 bp −$31 | 256.2 bp −$2,562 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 5.11 bp | 30.2 bp −$30 | 316.6 bp −$3,166 | doesn't fit | doesn't fit |
EDGE on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5875 | −0.166% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5876 | −0.147% | $7.0M | $3.4M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5884 | −0.011% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDTshort | +0.0100% | 4h | 0.5881 | −0.062% | $4.7M | $1.1M | 20x | |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5889 | +0.067% | $58K | $105K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5901 | +0.276% | $190K | $131K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5883 | −0.022% | $7K | $2.0M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5885 | +0.006% | $9K | $303K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5854 | −0.521% | $4K | $620K | 10x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0453% | 4h | 0.5888 | +0.057% | $3.6M | $5.8M | 20x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
OKX EDGE-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDT | +0.0490% | 4h | 0.5887 | +0.043% | $68K | $132K | 5x | as long as short |
| edgeX EDGEUSDC | +0.0492% | 4h | 0.5907 | +0.381% | $14.1M | $3.6M | 30x | as long as short |
| MEXC EDGE_USDT | +0.0494% | 4h | 0.5887 | +0.040% | $1.1M | $912K | 50x | as long as short |
| Binance EDGEUSDTlong | +0.0494% | 4h | 0.5885 | long leg | $10.0M | $10.4M | 50x | |
| Extended EDGE-USD | +0.0496% | 1h | 0.5884 | −0.011% | $27K | $199K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0691% | 4h | 0.5884 | −0.011% | $3K | — | 10x | as long as short |
Aster EDGEUSDT
edgeX EDGEUSDC
MEXC EDGE_USDT
Extended EDGE-USD
Orderly PERP_EDGE_USDC