Funding you earn now, next payment 04:00 UTC−0.0535%/8h= −58.6% APRnext payment −$2.67 per $10,000 · paid last 24h −0.077%
Price spread now: Bybit against BloFin+1.162%62s7-day average −0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs−$207as 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−$1831.832% of the position
Funding, last 7 days−0.235%−$24 on $10k
+Price spread, last 3 days (all we have)−1.414%−$141 · spread now +1.162%, 7d avg −0.157%
=The price spread pays, funding is against you. Bybit is 1.318% dearer against BloFin than usual: you sell high and buy low (spread +1.162% now, against its 7-day average of −0.157%): +$132 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8.2 days. At the pace of the last 7 days (−0.235% in total) that is about 39 days. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.235% in total (about -12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.67 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 | BloFin EDGE-USDT | 0.5940 | 0.0635 | pay 0.0317% / 4h | 3h 42m | $643K | $95K | 50x |
| Short | Bybit EDGEUSDT | 0.6009 | 0.0100 | get 0.0050% / 4h | 3h 42m | $7.1M | $3.3M | 25x |
BloFin EDGE-USDT
Bybit EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$112.3
- Price spread: +1.162% → −0.157%
- $131.84
- Slippage, 4 orders
- −$160.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$163.67
- Costs to cover
- 1.832%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 min ago; Bybit: live order book, 1 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, 29 min ago | 5.04 bp | 30.6 bp −$31 | 128.2 bp −$1,282 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.84 bp | 78.9 bp −$79 | 303.1 bp −$3,031 | 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 | −0.0173% | 1h | 0.6012 | +1.221% | $57K | $101K | 3.3x | as long as short |
| Lighter EDGE | +0.0096% | 1h | 0.6002 | +1.042% | $50K | $14K | 3x | as long as short |
| Bybit EDGEUSDTshort | +0.0100% | 4h | 0.6009 | +1.162% | $7.1M | $3.3M | 25x | |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.6019 | +1.330% | $2.2M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6019 | +1.330% | $4.8M | $1.0M | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5941 | +0.010% | $190K | $127K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5955 | +0.249% | $5K | $1.9M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5958 | +0.303% | $9K | $290K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5904 | −0.606% | $3K | $614K | 10x | as long as short |
| Aster EDGEUSDT | +0.0582% | 4h | 0.5979 | +0.651% | $69K | $133K | 5x | as long as short |
Backpack EDGE_USDC_PERP
Lighter EDGE
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX EDGE-USDT-SWAP | +0.0601% | 4h | 0.6018 | +1.313% | $3.7M | $5.9M | 20x | as long as short |
| Binance EDGEUSDT | +0.0608% | 4h | 0.6021 | +1.364% | $10.2M | $10.1M | 50x | as long as short |
| Extended EDGE-USD | +0.0608% | 1h | 0.5981 | +0.686% | $27K | $224K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0614% | 4h | 0.6020 | +1.347% | $1.2M | $912K | 50x | as long as short |
| edgeX EDGEUSDC | +0.0620% | 4h | 0.5955 | +0.246% | $14.2M | $3.5M | 30x | as long as short |
| BloFin EDGE-USDTlong | +0.0635% | 4h | 0.5940 | long leg | $643K | $95K | 50x | |
| Orderly PERP_EDGE_USDC | +0.0777% | 4h | 0.5976 | +0.606% | $3K | — | 10x | as long as short |
OKX EDGE-USDT-SWAP
Binance EDGEUSDT
Extended EDGE-USD
MEXC EDGE_USDT
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC