Funding you earn now, next payment 22:00 UTC+0.0602%/8h= +66.0% APRpaid last 24h +0.162%
Price spread now: BloFin against Backpack−0.029%66s7-day average +0.203% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.556%−$56 on $10k
+Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.029%, 7d avg +0.203%
=Funding pays, the price is against you. BloFin is 0.232% cheaper against Backpack than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.203%). If the spread goes back, that is −$23 on $10k: about 31 hours of funding at the current rate (+$18 a day). Mind the row above: over the last 7 days funding on this pair cost −0.556%, so the current rate has only just turned in your favour. The two prices were read 66 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 | Backpack EDGE_USDC_PERP | 0.5874 | −0.0289 | get 0.0036% / 1h | 21m 30s | $59K | $100K | 3.3x |
| Short | BloFin EDGE-USDT | 0.5872 | 0.0313 | get 0.0157% / 4h | 2h 21m | $634K | $126K | 50x |
Backpack EDGE_USDC_PERP
BloFin EDGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $126.48
- Price spread: −0.029% → +0.203%
- −$23.24
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $81.25
- Costs to cover
- 0.220%
- Break-even
- 2.5 days
Slippage unknown: Backpack: no order-book sample; BloFin: live order book, 64 min ago. Net counts fees only.
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 Backpack no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 64 min ago | 2.55 bp | 36.3 bp −$36 | 110.8 bp −$1,108 | doesn't fit | doesn't fit |
Backpack: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack EDGE_USDC_PERPlong | −0.0289% | 1h | 0.5874 | long leg | $59K | $100K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5861 | −0.216% | $54K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5869 | −0.080% | $7.0M | $3.2M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5876 | +0.039% | $4.7M | $989K | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5859 | −0.254% | $190K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5878 | +0.068% | $2K | $1.7M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5879 | +0.090% | $6K | $294K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5835 | −0.659% | $4K | $604K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0104% | 4h | 0.5874 | +0.005% | $2.1M | $2.3M | 50x | as long as short |
| BloFin EDGE-USDTshort | +0.0313% | 4h | 0.5872 | −0.029% | $634K | $126K | 50x |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
KuCoin EDGEUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDC | +0.0325% | 4h | 0.5882 | +0.135% | $14.1M | $3.4M | 30x | as long as short |
| Aster EDGEUSDT | +0.0339% | 4h | 0.5859 | −0.258% | $67K | $134K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0340% | 4h | 0.5878 | +0.073% | $1.2M | $929K | 50x | as long as short |
| Extended EDGE-USD | +0.0344% | 1h | 0.5881 | +0.121% | $27K | $230K | 5x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0356% | 4h | 0.5891 | +0.295% | $3.6M | $5.7M | 20x | as long as short |
| Binance EDGEUSDT | +0.0362% | 4h | 0.5880 | +0.105% | $10.0M | $10.0M | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0428% | 4h | 0.5877 | +0.056% | $3K | — | 10x | as long as short |
edgeX EDGEUSDC
Aster EDGEUSDT
MEXC EDGE_USDT
Extended EDGE-USD
OKX EDGE-USDT-SWAP
Binance EDGEUSDT
Orderly PERP_EDGE_USDC