EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.046%

Price spread now: BloFin against OKX+0.017%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1001.003% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.017%, 7d avg +0.040%

Together, before fees+0.296%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.024% cheaper against OKX than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.040%). If the spread goes back, that is −$2 on $10k: about 5.1 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.150% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EDGE-USDT-SWAP	0.6005	0.0477	pay 0.0239% / 4h	1h 37m	$3.8M	$6.1M	20x
Short	BloFin EDGE-USDT	0.6006	0.0493	get 0.0246% / 4h	1h 37m	$668K	$107K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.017%Rate

Funding earned: $3.23
Price spread: +0.017% → +0.040%: −$2.38
Slippage, 4 orders: −$78.26
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$99.4
Costs to cover: 1.003%
Break-even: 222.3 days

Slippage from OKX: live order book, 6 min ago; BloFin: live order book, 49 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 OKX live order book, 6 min ago	1.66 bp	19.6 bp −$20	143.8 bp −$1,438	doesn't fit	doesn't fit
Sell BloFin live order book, 49 min ago	9.29 bp	25.4 bp −$25	117.8 bp −$1,178	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	−0.0460%	1h	0.5997	−0.140%	$59K	$120K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5988	−0.286%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5991	−0.233%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.6001	−0.067%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5998	−0.117%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5992	−0.217%	$190K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6010	+0.083%	$7K	$2.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6004	−0.017%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6278	+4.546%	$4K	$642K	10x	as long as short
Aster EDGEUSDT	+0.0327%	4h	0.6001	−0.067%	$53K	$156K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAPlong	+0.0477%	4h	0.6005	long leg	$3.8M	$6.1M	20x
edgeX EDGEUSDC	+0.0481%	4h	0.6004	−0.016%	$14.4M	$3.7M	30x	as long as short
Binance EDGEUSDT	+0.0485%	4h	0.6000	−0.083%	$10.3M	$10.8M	50x	as long as short
Extended EDGE-USD	+0.0488%	1h	0.6000	−0.083%	$29K	$84K	5x	as long as short
MEXC EDGE_USDT	+0.0488%	4h	0.5999	−0.100%	$1.1M	$801K	50x	as long as short
BloFin EDGE-USDTshort	+0.0493%	4h	0.6006	+0.017%	$668K	$107K	50x
Orderly PERP_EDGE_USDC	+0.0623%	4h	0.6000	−0.083%	$2K	$1K	10x	as long as short