EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h −0.005%

Price spread now: BloFin against Binance−0.161%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1331.332% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)+1.174%+$117 · spread now −0.161%, 7d avg +0.052%

Together, before fees+1.148%+$115 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.213% cheaper against Binance than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EDGEUSDT	0.5824	0.0193	pay 0.0096% / 4h	2h 49m	$9.9M	$10.0M	50x
Short	BloFin EDGE-USDT	0.5815	0.0156	get 0.0078% / 4h	2h 49m	$628K	$124K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$7.64
Price spread: −0.161% → +0.052%: −$21.3
Slippage, 4 orders: −$111.19
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$162.13
Costs to cover: 1.332%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; BloFin: live order book, 37 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, 5 min ago	1.72 bp	27.0 bp −$27	247.7 bp −$2,477	doesn't fit	doesn't fit
Sell BloFin live order book, 37 min ago	2.55 bp	36.3 bp −$36	110.8 bp −$1,108	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	−0.0735%	1h	0.5813	−0.201%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5816	−0.146%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5815	−0.161%	$6.9M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5818	−0.110%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5821	−0.058%	$4.6M	$984K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5814	−0.186%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5826	+0.028%	$6K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5827	+0.045%	$6K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6090	+4.560%	$4K	$599K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0152%	4h	0.5831	+0.114%	$3.5M	$5.7M	20x	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	+0.0156%	4h	0.5815	−0.161%	$628K	$124K	50x
Aster EDGEUSDT	+0.0162%	4h	0.5826	+0.022%	$67K	$134K	5x	as long as short
edgeX EDGEUSDC	+0.0178%	4h	0.5827	+0.053%	$13.9M	$3.4M	30x	as long as short
Extended EDGE-USD	+0.0192%	1h	0.5825	+0.010%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0192%	4h	0.5824	−0.007%	$1.2M	$920K	50x	as long as short
Binance EDGEUSDTlong	+0.0193%	4h	0.5824	long leg	$9.9M	$10.0M	50x
Orderly PERP_EDGE_USDC	+0.0359%	4h	0.5824	−0.007%	$3K	—	10x	as long as short