Funding you earn now, next payment 08:00 UTC+0.0425%/8h= +46.5% APRnext payment +$2.13 per $10,000 · paid last 24h +0.056%
Price spread now: OKX against Bitget+0.320%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1421.424% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 7 days−0.222%−$22 · spread now +0.320%, 7d avg +0.143%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and OKX is 0.177% dearer against Bitget than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.143%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.13 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 | Bitget EDGEUSDT | 0.5943 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $4.7M | $1.1M | 20x |
| Short | OKX EDGE-USDT-SWAP | 0.5962 | 0.0525 | get 0.0263% / 4h | 2h 52m | $3.8M | $5.9M | 20x |
Bitget EDGEUSDT
OKX EDGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $89.26
- Price spread: +0.320% → +0.143%
- $17.67
- Slippage, 4 orders
- −$120.4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$35.47
- Costs to cover
- 1.424%
- Break-even
- 9.8 days
Slippage from Bitget: live order book, 1 min ago; OKX: 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, 1 min ago | 7.56 bp | 44.2 bp −$44 | 593.3 bp −$5,933 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 1.69 bp | 29.2 bp −$29 | 153.3 bp −$1,533 | 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 | −0.0036% | 1h | 0.5963 | +0.340% | $59K | $115K | 3.3x | as long as short |
| Lighter EDGE | +0.0096% | 1h | 0.5957 | +0.229% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5955 | +0.202% | $7.2M | $3.4M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5947 | +0.067% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDTlong | +0.0100% | 4h | 0.5943 | long leg | $4.7M | $1.1M | 20x | |
| Variational Omni EDGE | +0.0100% | 4h | 0.5923 | −0.329% | $187K | $144K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5939 | −0.067% | $2K | $2.7M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5944 | +0.017% | $9K | $305K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5917 | −0.437% | $3K | $633K | 10x | as long as short |
| Aster EDGEUSDT | +0.0409% | 4h | 0.5951 | +0.140% | $53K | $155K | 5x | as long as short |
Backpack EDGE_USDC_PERP
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EDGE-USD | +0.0496% | 1h | 0.5968 | +0.427% | $28K | $82K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0496% | 4h | 0.5965 | +0.370% | $1.1M | $811K | 50x | as long as short |
| Binance EDGEUSDT | +0.0499% | 4h | 0.5966 | +0.387% | $10.2M | $10.5M | 50x | as long as short |
| OKX EDGE-USDT-SWAPshort | +0.0525% | 4h | 0.5962 | +0.320% | $3.8M | $5.9M | 20x | |
| edgeX EDGEUSDC | +0.0534% | 4h | 0.5933 | −0.165% | $14.2M | $3.7M | 30x | as long as short |
| BloFin EDGE-USDT | +0.0549% | 4h | 0.5951 | +0.135% | $662K | $103K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0595% | 4h | 0.5960 | +0.286% | $3K | $1K | 10x | as long as short |
Extended EDGE-USD
MEXC EDGE_USDT
Binance EDGEUSDT
edgeX EDGEUSDC
BloFin EDGE-USDT
Orderly PERP_EDGE_USDC