EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0459%/8h= −50.2% APRnext payment −$2.29 per $10,000 · paid last 24h −0.095%

Price spread now: Bitget against Binance−0.116%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1471.466% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.116%, 7d avg −0.121%

Together, before fees−0.293%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.121%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.263% in total (about -13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EDGEUSDT	0.6009	0.0559	pay 0.0279% / 4h	3h 57m	$10.4M	$11.0M	50x
Short	Bitget EDGEUSDT	0.6002	0.0100	get 0.0050% / 4h	3h 57m	$4.8M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$96.36
Price spread: −0.116% → −0.121%: $0.44
Slippage, 4 orders: −$124.59
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$242.51
Costs to cover: 1.466%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Bitget: live order book, 1 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 Binance live order book, 13 min ago	1.67 bp	34.8 bp −$35	181.1 bp −$1,811	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	7.49 bp	44.6 bp −$45	doesn't fit	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	0.5994	−0.258%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5995	−0.233%	$7.3M	$3.4M	25x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.6002	−0.116%	$4.8M	$1.1M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6000	−0.141%	$58K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5991	−0.296%	$189K	$145K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6010	+0.017%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5965	−0.732%	$4K	$644K	10x	as long as short
KuCoin EDGEUSDTM	+0.0188%	4h	0.6008	−0.017%	$2.1M	$2.2M	50x	as long as short
GRVT EDGE_USDT_Perp	+0.0302%	4h	0.6007	−0.029%	$5K	$3.2M	10x	as long as short
Aster EDGEUSDT	+0.0373%	4h	0.6005	−0.067%	$53K	$152K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0556%	4h	0.5999	−0.166%	$671K	$106K	50x	as long as short
MEXC EDGE_USDT	+0.0558%	4h	0.6010	+0.017%	$1.1M	$716K	50x	as long as short
Binance EDGEUSDTlong	+0.0559%	4h	0.6009	long leg	$10.4M	$11.0M	50x
Extended EDGE-USD	+0.0560%	1h	0.6004	−0.084%	$29K	$267K	5x	as long as short
edgeX EDGEUSDC	+0.0569%	4h	0.6010	+0.010%	$14.5M	$3.7M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0603%	4h	0.6005	−0.067%	$3.8M	$6.2M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0657%	4h	0.6007	−0.033%	$3K	$1K	10x	as long as short