Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0217%/8hnext payment +$1.09 per $10,000 · paid last 24h +0.048%

Price spread now: BloFin against Bitget+0.319%7-day average +0.119% · you sell dearer than you buy

to open and close $10k−$127fees + slippage, both legs, in and out

costs, in % of the position1.269%what the two incomes have to cover

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.319%, 7d avg +0.119%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.200% dearer against Bitget than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.5961	0.0100	pay 0.0050% / 4h	44m 38s	$4.7M	$951K	20x
Short	BloFin EDGE-USDT	0.5980	0.0317	get 0.0159% / 4h	44m 38s	$657K	$127K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.319%Rate

Funding earned: $45.67
Price spread: +0.319% → +0.119%: $19.95
Slippage, 4 orders: −$102.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$61.23
Costs to cover: 1.269%
Break-even: 16.4 days

Slippage from Bitget: live order book, 8 min ago; BloFin: live order book, 6 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 Bitget live order book, 8 min ago	5.85 bp	39.3 bp −$39	349.1 bp −$3,491	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.83 bp	34.1 bp −$34	126.6 bp −$1,266	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
Backpack EDGE_USDC_PERP	−0.1393%	1h	0.5968	+0.124%	$57K	$113K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5945	−0.272%	$55K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5957	−0.067%	$7.0M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5957	−0.067%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTlong	+0.0100%	4h	0.5961	long leg	$4.7M	$951K	20x
Variational Omni EDGE	+0.0100%	4h	0.5996	+0.586%	$180K	$111K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6011	+0.839%	$2K	$1.4M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6009	+0.805%	$1K	$288K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6263	+5.066%	$4K	$578K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0176%	4h	0.5973	+0.201%	$3.6M	$5.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0194%	4h	0.6008	+0.795%	$14.4M	$3.5M	30x	as long as short
Binance EDGEUSDT	+0.0277%	4h	0.5966	+0.086%	$10.1M	$9.7M	50x	as long as short
Extended EDGE-USD	+0.0288%	1h	0.5970	+0.143%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0288%	4h	0.5964	+0.050%	$1.2M	$916K	50x	as long as short
BloFin EDGE-USDTshort	+0.0317%	4h	0.5980	+0.319%	$657K	$127K	50x
Aster EDGEUSDT	+0.0318%	4h	0.5976	+0.258%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0503%	4h	0.5979	+0.302%	$3K	—	10x	as long as short