EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0457%/8h= −50.0% APRnext payment −$2.28 per $10,000 · paid last 24h −0.114%

Price spread now: Bybit against Binance−0.098%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$388as in the Funding arb table

Net, price: spread back to 7d avg − costs−$356as in the Price arb table

costs, in and out, $10k−$3583.582% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.294%−$29 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.098%, 7d avg −0.116%

Together, before fees−0.295%−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.116%, 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 -0.294% in total (about -15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.28 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	0.5983	0.0557	pay 0.0278% / 4h	3h 52m	$10.4M	$11.0M	50x
Short	Bybit EDGEUSDT	0.5977	0.0100	get 0.0050% / 4h	3h 52m	$7.3M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$95.95
Price spread: −0.098% → −0.116%: $1.81
Slippage, 4 orders: −$337.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$452.38
Costs to cover: 3.582%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 5 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, 2 min ago	0.83 bp	31.2 bp −$31	161.9 bp −$1,619	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.17 bp	123.2 bp −$123	364.1 bp −$3,641	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	0.5972	−0.186%	$44K	$22K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5977	−0.098%	$7.3M	$3.4M	25x
Bitget EDGEUSDT	+0.0100%	4h	0.5986	+0.053%	$4.8M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5983	−0.004%	$58K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5993	+0.162%	$189K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5994	+0.184%	$9K	$3.2M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5996	+0.220%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5945	−0.633%	$4K	$645K	10x	as long as short
KuCoin EDGEUSDTM	+0.0188%	4h	0.5987	+0.069%	$2.1M	$2.2M	50x	as long as short
Aster EDGEUSDT	+0.0368%	4h	0.5984	+0.024%	$52K	$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	+0.0516%	4h	0.5981	−0.031%	$669K	$106K	50x	as long as short
Binance EDGEUSDTlong	+0.0557%	4h	0.5983	long leg	$10.4M	$11.0M	50x
MEXC EDGE_USDT	+0.0564%	4h	0.5989	+0.103%	$1.1M	$717K	50x	as long as short
Extended EDGE-USD	+0.0568%	1h	0.5991	+0.136%	$29K	$267K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0583%	4h	0.5997	+0.237%	$3.8M	$6.2M	20x	as long as short
edgeX EDGEUSDC	+0.0602%	4h	0.5991	+0.135%	$14.4M	$3.7M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0654%	4h	0.5979	−0.064%	$2K	$1K	10x	as long as short