EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.005%

Price spread now: BloFin against Binance+0.036%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1211.213% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 3 days (all we have)+0.219%+$22 · spread now +0.036%, 7d avg +0.058%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.023% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EDGEUSDT	0.5870	0.0476	pay 0.0238% / 4h	1h 15m	$10.0M	$10.1M	50x
Short	BloFin EDGE-USDT	0.5872	0.0439	get 0.0219% / 4h	1h 15m	$632K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$7.81
Price spread: +0.036% → +0.058%: −$2.26
Slippage, 4 orders: −$99.32
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$131.39
Costs to cover: 1.213%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 66 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, 10 min ago	0.85 bp	28.5 bp −$29	210.1 bp −$2,101	doesn't fit	doesn't fit
Sell BloFin live order book, 66 min ago	0.85 bp	41.3 bp −$41	147.6 bp −$1,476	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	0.5853	−0.295%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5859	−0.186%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5865	−0.084%	$4.7M	$999K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5865	−0.077%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5862	−0.130%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5871	+0.024%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5878	+0.138%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5824	−0.782%	$3K	$609K	10x	as long as short
KuCoin EDGEUSDTM	+0.0160%	4h	0.5867	−0.049%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDTshort	+0.0439%	4h	0.5872	+0.036%	$632K	$125K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0472%	1h	0.5865	−0.087%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0474%	4h	0.5868	−0.032%	$1.2M	$921K	50x	as long as short
Binance EDGEUSDTlong	+0.0476%	4h	0.5870	long leg	$10.0M	$10.1M	50x
Aster EDGEUSDT	+0.0485%	4h	0.5872	+0.036%	$68K	$136K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0543%	4h	0.5873	+0.053%	$3.6M	$5.8M	20x	as long as short
edgeX EDGEUSDC	+0.0550%	4h	0.5875	+0.080%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0572%	4h	0.5867	−0.049%	$3K	—	10x	as long as short