Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h −0.006%

Price spread now: BloFin against Extended+0.148%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1951.949% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.238%+$24 · spread now +0.148%, 7d avg +0.118%

Together, before fees+0.210%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.030% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5869	0.0472	pay 0.0059% / 1h	12m 27s	$27K	$230K	5x
Short	BloFin EDGE-USDT	0.5878	0.0491	get 0.0245% / 4h	1h 12m	$632K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.148%Rate

Funding earned: $3.89
Price spread: +0.148% → +0.118%: $2.96
Slippage, 4 orders: −$177.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$188.06
Costs to cover: 1.949%
Break-even: 345.1 days

Slippage from Extended: live order book, 5 min ago; BloFin: live order book, 4 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 Extended live order book, 5 min ago	1.19 bp	12.9 bp −$13	434.4 bp −$4,344	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	5.97 bp	24.2 bp −$24	88.4 bp −$884	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	0.5853	−0.278%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5864	−0.090%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5869	−0.005%	$4.7M	$999K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5869	−0.012%	$60K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5862	−0.120%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5871	+0.034%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5878	+0.148%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5828	−0.704%	$3K	$610K	10x	as long as short
KuCoin EDGEUSDTM	+0.0172%	4h	0.5870	+0.012%	$2.1M	$2.3M	50x	as long as short
Extended EDGE-USDlong	+0.0472%	1h	0.5869	long leg	$27K	$230K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0474%	4h	0.5874	+0.080%	$1.2M	$921K	50x	as long as short
Binance EDGEUSDT	+0.0479%	4h	0.5875	+0.090%	$10.0M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0488%	4h	0.5872	+0.046%	$68K	$136K	5x	as long as short
BloFin EDGE-USDTshort	+0.0491%	4h	0.5878	+0.148%	$632K	$125K	50x
OKX EDGE-USDT-SWAP	+0.0543%	4h	0.5878	+0.148%	$3.6M	$5.8M	20x	as long as short
edgeX EDGEUSDC	+0.0550%	4h	0.5875	+0.090%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0576%	4h	0.5873	+0.063%	$3K	—	10x	as long as short