EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0320%/8h= +35.0% APRnext payment +$1.60 per $10,000 · paid last 24h +0.055%

Price spread now: Binance against Bybit+0.028%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3113.114% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 7 days+0.119%+$12 · spread now +0.028%, 7d avg +0.117%

Together, before fees+0.349%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.089% cheaper against Bybit than usual: you would sell low and buy high (spread +0.028% now, against its 7-day average of +0.117%). If the spread goes back, that is −$9 on $10k: about 22 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.230% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5863	0.0100	pay 0.0050% / 4h	2h 15m	$7.0M	$3.2M	25x
Short	Binance EDGEUSDT	0.5865	0.0420	get 0.0210% / 4h	2h 15m	$10.0M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee BinancebpOrdersPrice spread, now +0.028%Rate

Funding earned: $67.11
Price spread: +0.028% → +0.117%: −$8.94
Slippage, 4 orders: −$290.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$253.21
Costs to cover: 3.114%
Break-even: 33.4 days

Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 9 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 Bybit live order book, 3 min ago	5.97 bp	115.1 bp −$115	451.9 bp −$4,519	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.70 bp	45.0 bp −$45	218.1 bp −$2,181	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	−0.0158%	1h	0.5868	+0.082%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5855	−0.131%	$54K	$9K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5863	long leg	$7.0M	$3.2M	25x
Bitget EDGEUSDT	+0.0100%	4h	0.5862	−0.017%	$4.7M	$990K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5876	+0.216%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5876	+0.223%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5875	+0.205%	$8K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5829	−0.580%	$3K	$603K	10x	as long as short
KuCoin EDGEUSDTM	+0.0150%	4h	0.5864	+0.017%	$2.1M	$2.3M	50x	as long as short
Aster EDGEUSDT	+0.0402%	4h	0.5865	+0.037%	$67K	$134K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0403%	4h	0.5882	+0.329%	$14.1M	$3.4M	30x	as long as short
Binance EDGEUSDTshort	+0.0420%	4h	0.5865	+0.028%	$10.0M	$10.0M	50x
Extended EDGE-USD	+0.0424%	1h	0.5860	−0.055%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0424%	4h	0.5867	+0.068%	$1.2M	$929K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0427%	4h	0.5862	−0.017%	$3.6M	$5.7M	20x	as long as short
BloFin EDGE-USDT	+0.0444%	4h	0.5880	+0.290%	$629K	$126K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0461%	4h	0.5869	+0.102%	$3K	—	10x	as long as short