EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.46 per $10,000 · paid last 24h +0.050%

Price spread now: BloFin against Bybit+0.394%112s7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as 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−$2902.896% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 3 days (all we have)+0.102%+$10 · spread now +0.394%, 7d avg +0.148%

Together, before fees+0.305%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.246% dearer against Bybit than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.148%. The two prices were read 112 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	Bybit EDGEUSDT	0.5843	0.0100	pay 0.0050% / 4h	2h 43m	$6.9M	$3.3M	25x
Short	BloFin EDGE-USDT	0.5866	0.0193	get 0.0096% / 4h	2h 43m	$637K	$126K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.394%Rate

Funding earned: $19.47
Price spread: +0.394% → +0.148%: $24.59
Slippage, 4 orders: −$266.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$245.56
Costs to cover: 2.896%
Break-even: 95.3 days

Slippage from Bybit: live order book, 5 min ago; BloFin: 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 Bybit live order book, 5 min ago	1.72 bp	118.8 bp −$119	414.2 bp −$4,142	doesn't fit	doesn't fit
Sell BloFin live order book, 43 min ago	2.55 bp	36.3 bp −$36	110.8 bp −$1,108	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	−0.0651%	1h	0.5848	+0.087%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5835	−0.137%	$54K	$9K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5843	long leg	$6.9M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5843	0.000%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5847	+0.068%	$4.7M	$986K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5825	−0.316%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5845	+0.036%	$3K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5847	+0.068%	$6K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6119	+4.724%	$4K	$599K	10x	as long as short
edgeX EDGEUSDC	+0.0156%	4h	0.5854	+0.182%	$14.0M	$3.4M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDTshort	+0.0193%	4h	0.5866	+0.394%	$637K	$126K	50x
OKX EDGE-USDT-SWAP	+0.0196%	4h	0.5856	+0.222%	$3.6M	$5.7M	20x	as long as short
Aster EDGEUSDT	+0.0201%	4h	0.5848	+0.086%	$67K	$134K	5x	as long as short
Extended EDGE-USD	+0.0224%	1h	0.5847	+0.074%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0224%	4h	0.5851	+0.137%	$1.2M	$920K	50x	as long as short
Binance EDGEUSDT	+0.0225%	4h	0.5852	+0.154%	$9.9M	$10.0M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0361%	4h	0.5850	+0.120%	$3K	—	10x	as long as short