Funding you earn now, next payment 00:00 UTC+0.0345%/8h= +37.7% APRnext payment +$1.72 per $10,000 · paid last 24h +0.055%
Price spread now: Binance against Bitget+0.024%7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1491.488% of the position
Funding, last 7 days+0.219%+$22 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now +0.024%, 7d avg +0.125%
=Funding pays, the price is against you. Binance is 0.100% cheaper against Bitget than usual: you would sell low and buy high (spread +0.024% now, against its 7-day average of +0.125%). If the spread goes back, that is −$10 on $10k: about 23 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.219% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.219% in total (about 11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.72 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 | Bitget EDGEUSDT | 0.5906 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $4.7M | $995K | 20x |
| Short | Binance EDGEUSDT | 0.5907 | 0.0445 | get 0.0222% / 4h | 1h 40m | $10.0M | $10.1M | 50x |
Bitget EDGEUSDT
Binance EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $72.37
- Price spread: +0.024% → +0.125%
- −$10.05
- Slippage, 4 orders
- −$126.76
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$86.43
- Costs to cover
- 1.488%
- Break-even
- 15.4 days
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 14 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 Bitget live order book, 2 min ago | 7.61 bp | 30.4 bp −$30 | 468.1 bp −$4,681 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.86 bp | 46.3 bp −$46 | 176.7 bp −$1,767 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter EDGE | +0.0096% | 1h | 0.5892 | −0.244% | $55K | $8K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5901 | −0.085% | $7.0M | $3.3M | 25x | as long as short |
| Bitget EDGEUSDTlong | +0.0100% | 4h | 0.5906 | long leg | $4.7M | $995K | 20x | |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5900 | −0.093% | $59K | $100K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5856 | −0.848% | $191K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5873 | −0.559% | $8K | $1.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5878 | −0.474% | $8K | $295K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6184 | +4.707% | $4K | $605K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0248% | 4h | 0.5908 | +0.034% | $2.1M | $2.3M | 50x | as long as short |
| BloFin EDGE-USDT | +0.0404% | 4h | 0.5906 | 0.000% | $629K | $125K | 50x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Backpack EDGE_USDC_PERP
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
KuCoin EDGEUSDTM
BloFin EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EDGE_USDT | +0.0424% | 4h | 0.5907 | +0.017% | $1.2M | $919K | 50x | as long as short |
| Binance EDGEUSDTshort | +0.0445% | 4h | 0.5907 | +0.024% | $10.0M | $10.1M | 50x | |
| Extended EDGE-USD | +0.0448% | 1h | 0.5907 | +0.014% | $27K | $230K | 5x | as long as short |
| Aster EDGEUSDT | +0.0469% | 4h | 0.5897 | −0.144% | $68K | $136K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0506% | 4h | 0.5907 | +0.017% | $3K | — | 10x | as long as short |
| edgeX EDGEUSDC | +0.0512% | 4h | 0.5901 | −0.082% | $14.1M | $3.4M | 30x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0527% | 4h | 0.5911 | +0.085% | $3.6M | $5.8M | 20x | as long as short |
MEXC EDGE_USDT
Extended EDGE-USD
Aster EDGEUSDT
Orderly PERP_EDGE_USDC
edgeX EDGEUSDC
OKX EDGE-USDT-SWAP