Funding you earn now, next payment 00:00 UTC−0.0491%/8h= −53.7% APRpaid last 24h −0.177%
Price spread now: Backpack against BloFin−0.246%66s7-day average −0.198% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1000.998% of the position
Funding, last 7 days+0.538%+$54 on $10k
+Price spread, last 3 days (all we have)−0.189%−$19 · spread now −0.246%, 7d avg −0.198%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Backpack is 0.048% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.198%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.538%, so the current rate has only just turned against you. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin EDGE-USDT | 0.5977 | 0.0591 | pay 0.0295% / 4h | 11m 16s | $644K | $96K | 50x |
| Short | Backpack EDGE_USDC_PERP | 0.5962 | 0.0100 | get 0.0013% / 1h | 11m 16s | $58K | $101K | 3.3x |
BloFin EDGE-USDT
Backpack EDGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$103.04
- Price spread: −0.246% → −0.198%
- −$4.81
- Slippage, 4 orders
- −$77.84
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$207.69
- Costs to cover
- 0.998%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 65 min ago; Backpack: live order book, 43 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 BloFin live order book, 65 min ago | 5.97 bp | 26.3 bp −$26 | 127.2 bp −$1,272 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 43 min ago | 5.84 bp | 30.2 bp −$30 | doesn't fit | 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 | 0.5949 | −0.463% | $55K | $8K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5944 | −0.552% | $7.0M | $3.3M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5949 | −0.468% | $4.7M | $1.0M | 20x | as long as short |
| Backpack EDGE_USDC_PERPshort | +0.0100% | 1h | 0.5962 | −0.246% | $58K | $101K | 3.3x | |
| Variational Omni EDGE | +0.0100% | 4h | 0.5937 | −0.667% | $190K | $133K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5973 | −0.067% | $7K | $1.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5977 | 0.000% | $9K | $289K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5903 | −1.238% | $3K | $612K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0172% | 4h | 0.5959 | −0.301% | $2.1M | $2.2M | 50x | as long as short |
| BloFin EDGE-USDTlong | +0.0591% | 4h | 0.5977 | long leg | $644K | $96K | 50x |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
KuCoin EDGEUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDT | +0.0610% | 4h | 0.5971 | −0.100% | $69K | $133K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0622% | 4h | 0.5945 | −0.535% | $1.2M | $916K | 50x | as long as short |
| Extended EDGE-USD | +0.0624% | 1h | 0.5943 | −0.571% | $27K | $230K | 5x | as long as short |
| Binance EDGEUSDT | +0.0625% | 4h | 0.5949 | −0.467% | $10.1M | $10.1M | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0678% | 4h | 0.5947 | −0.502% | $3.7M | $5.8M | 20x | as long as short |
| edgeX EDGEUSDC | +0.0694% | 4h | 0.5971 | −0.100% | $14.3M | $3.5M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0721% | 4h | 0.5945 | −0.535% | $3K | — | 10x | as long as short |
Aster EDGEUSDT
MEXC EDGE_USDT
Extended EDGE-USD
Binance EDGEUSDT
OKX EDGE-USDT-SWAP
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC