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

EDGE

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0374%/8h= +41.0% APRpaid last 24h +0.050%
Price spread now: BloFin against ApeX Omni−0.017%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$407as in the Funding arb table
Net, price: spread back to 7d avg − costs−$434as in the Price arb table
costs, in and out, $10k−$4264.265% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.193%+$19 on $10k
Price spread, last 3 days (all we have)+0.266%+$27 · spread now −0.017%, 7d avg +0.055%
Together, before fees+0.460%+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.072% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.055%). If the spread goes back, that is −$7 on $10k: about 15 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.193% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.193% in total (about 10.1% 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
LongApeX Omni EDGEUSDT0.58950.0100pay 0.0013% / 1h5m 12s$8K$294K50x
ShortBloFin EDGE-USDT0.58940.0474get 0.0237% / 4h1h 05m$634K$126K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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
$78.6
Price spread: −0.017% → +0.055%
−$7.24
Slippage, 4 orders
−$404.47
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$355.11
Costs to cover
4.265%
Break-even
38.6 days
Slippage from ApeX Omni: live order book, 12 min ago; BloFin: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 12 min ago19.56 bp180.0 bp −$180doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 11 min ago5.97 bp24.2 bp −$2488.4 bp −$884doesn't fitdoesn't fit

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 EDGE+0.0096%1h0.5878−0.285%$55K$8K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5889−0.102%$7.0M$3.3M25xas long as short
Bitget EDGEUSDT+0.0100%4h0.5889−0.102%$4.7M$996K20xas long as short
Backpack EDGE_USDC_PERP+0.0100%1h0.5888−0.117%$60K$100K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.5881−0.234%$191K$130Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5873−0.370%$12K$1.8M10xas long as short
ApeX Omni EDGEUSDTlong+0.0100%1h0.5895long leg$8K$294K50x
SunX EDGE-USDT+0.0100%4h0.5846−0.831%$3K$610K10xas long as short
KuCoin EDGEUSDTM+0.0226%4h0.5886−0.153%$2.1M$2.3M50xas long as short
BloFin EDGE-USDTshort+0.0474%4h0.5894−0.017%$634K$126K50x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended EDGE-USD+0.0496%1h0.5895−0.002%$27K$230K5xas long as short
MEXC EDGE_USDT+0.0498%4h0.5891−0.068%$1.2M$921K50xas long as short
Binance EDGEUSDT+0.0499%4h0.5896+0.017%$10.0M$10.1M50xas long as short
Aster EDGEUSDT+0.0518%4h0.5883−0.202%$68K$136K5xas long as short
edgeX EDGEUSDC+0.0569%4h0.5887−0.128%$14.1M$3.4M30xas long as short
Orderly PERP_EDGE_USDC+0.0591%4h0.5894−0.017%$3K10xas long as short
OKX EDGE-USDT-SWAP+0.0593%4h0.58950.000%$3.6M$5.8M20xas long as short