Settings8H · net · $10k
Funding arb · Price arb /

EDGE

all EDGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0053%/8h= −5.8% APRnext payment $0.26 per $10,000 · paid last 24h +0.013%
Price spread now: Aster against BloFin−1.192%92s7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2322.322% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.036%+$4 on $10k
Price spread, last 3 days (all we have)+0.990%+$99 · spread now −1.192%, 7d avg −0.059%
Together, before fees+1.026%+ Points / potential airdropAster: Stage 5 · farm board+$103 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 1.133% cheaper against BloFin than usual: you would sell low and buy high (−$113 if the spread goes back to its 7-day average of −0.059%). Swap the legs. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin EDGE-USDT0.59480.0575pay 0.0287% / 4h2h 55m$650K$97K50x
ShortAster EDGEUSDT0.58770.0522get 0.0261% / 4h2h 55m$68K$132K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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

Funding earned
−$11.08
Price spread: −1.192% → −0.059%
−$113.33
Slippage, 4 orders
−$212.23
Fee BloFin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$356.65
Costs to cover
2.322%
Break-even
never at this rate
Slippage from BloFin: live order book, 11 min ago; Aster: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 11 min ago2.49 bp26.1 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 10 min ago4.99 bp38.3 bp −$38doesn't fitdoesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack EDGE_USDC_PERP−0.0789%1h0.5890−0.982%$59K$101K3.3xas long as short
Lighter EDGE+0.0096%1h0.5856−1.543%$49K$13K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5861−1.463%$7.0M$3.4M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5872−1.278%$2.1M$2.2M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.5867−1.362%$4.7M$1.0M20xas long as short
Variational Omni EDGE+0.0100%4h0.5910−0.637%$188K$128Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5963+0.252%$2K$1.9M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5977+0.488%$11K$297K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5888−1.009%$3K$612K10xas long as short
OKX EDGE-USDT-SWAP+0.0440%4h0.5868−1.345%$3.6M$5.7M20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX EDGEUSDC+0.0476%4h0.5991+0.721%$14.3M$3.6M30xas long as short
Aster EDGEUSDTshort+0.0522%4h0.5877−1.192%$68K$132K5x
MEXC EDGE_USDT+0.0542%4h0.5863−1.429%$1.1M$909K50xas long as short
Binance EDGEUSDT+0.0543%4h0.5865−1.391%$10.0M$10.3M50xas long as short
Extended EDGE-USD+0.0544%1h0.5875−1.225%$27K$194K5xas long as short
BloFin EDGE-USDTlong+0.0575%4h0.5948long leg$650K$97K50x
Orderly PERP_EDGE_USDC+0.0760%4h0.5919−0.488%$3K10xas long as short