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

EDGE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0396%/8h= +43.4% APRpaid last 24h +0.104%
Price spread now: BloFin against Lighter+0.126%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.260%+$26 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BloFin is 0.126% dearer against Lighter than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.260% in total (about 13.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EDGE0.60470.0096pay 0.0012% / 1h43m 03s$44K$22K3x
ShortBloFin EDGE-USDT0.60550.0492get 0.0246% / 4h43m 03s$674K$107K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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
$83.22
Price spread: +0.126% → 0.000%
$12.57
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$83.79
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 38 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell BloFin live order book, 38 min ago9.95 bp26.5 bp −$2676.3 bp −$763doesn't fitdoesn't fit
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Lighter EDGElong+0.0096%1h0.6047long leg$44K$22K3x
Bybit EDGEUSDT+0.0100%4h0.6049+0.026%$7.3M$3.3M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.6061+0.225%$2.2M$2.2M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.6057+0.159%$4.8M$1.1M20xas long as short
Backpack EDGE_USDC_PERP+0.0100%1h0.6060+0.210%$58K$123K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.6047−0.010%$191K$144Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.6053+0.091%$9K$3.1M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.6056+0.142%$9K$295K50xas long as short
SunX EDGE-USDT+0.0100%4h0.6012−0.585%$3K$646K10xas long as short
Aster EDGEUSDT+0.0278%4h0.6054+0.109%$53K$153K5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EDGE-USDT-SWAP+0.0366%4h0.6062+0.241%$3.8M$6.2M20xas long as short
edgeX EDGEUSDC+0.0372%4h0.6072+0.405%$14.6M$3.8M30xas long as short
Extended EDGE-USD+0.0448%1h0.6059+0.190%$32K$269K5xas long as short
Binance EDGEUSDT+0.0450%4h0.6060+0.206%$10.5M$10.9M50xas long as short
MEXC EDGE_USDT+0.0452%4h0.6060+0.208%$1.1M$757K50xas long as short
BloFin EDGE-USDTshort+0.0492%4h0.6055+0.126%$674K$107K50x
Orderly PERP_EDGE_USDC+0.0628%4h0.6055+0.126%$3K$1K10xas long as short