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

EDGE

all EDGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.003%
Price spread now: Extended against BloFin−0.318%94s7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2022.017% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 3 days (all we have)−0.208%−$21 · spread now −0.318%, 7d avg −0.117%
Together, before fees−0.184%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.201% cheaper against BloFin than usual: you would sell low and buy high (spread −0.318% now, against its 7-day average of −0.117%). If the spread goes back, that is −$20 on $10k: about 21 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.024% in total) that is about 58 days. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin EDGE-USDT0.58660.0193pay 0.0096% / 4h2h 43m$637K$126K50x
ShortExtended EDGE-USD0.58470.0224get 0.0028% / 1h43m 22s$26K$230K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$6.57
Price spread: −0.318% → −0.117%
−$20.08
Slippage, 4 orders
−$184.75
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$215.26
Costs to cover
2.017%
Break-even
236.5 days
Slippage from BloFin: live order book, 43 min ago; Extended: live order book, 43 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, 43 min ago2.55 bp22.2 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 43 min ago5.52 bp109.2 bp −$109doesn'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−0.0651%1h0.5848−0.305%$59K$100K3.3xas long as short
Lighter EDGE+0.0096%1h0.5835−0.528%$54K$9K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5843−0.392%$6.9M$3.3M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5843−0.392%$2.1M$2.3M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.5847−0.324%$4.7M$986K20xas long as short
Variational Omni EDGE+0.0100%4h0.5825−0.707%$190K$130Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5845−0.356%$3K$1.7M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5847−0.324%$6K$295K50xas long as short
SunX EDGE-USDT+0.0100%4h0.6119+4.313%$4K$599K10xas long as short
edgeX EDGEUSDC+0.0156%4h0.5854−0.211%$14.0M$3.4M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin EDGE-USDTlong+0.0193%4h0.5866long leg$637K$126K50x
OKX EDGE-USDT-SWAP+0.0196%4h0.5856−0.170%$3.6M$5.7M20xas long as short
Aster EDGEUSDT+0.0201%4h0.5848−0.307%$67K$134K5xas long as short
Extended EDGE-USDshort+0.0224%1h0.5847−0.318%$26K$230K5x
MEXC EDGE_USDT+0.0224%4h0.5851−0.256%$1.2M$920K50xas long as short
Binance EDGEUSDT+0.0225%4h0.5852−0.239%$9.9M$10.0M50xas long as short
Orderly PERP_EDGE_USDC+0.0361%4h0.5850−0.273%$3K10xas long as short