EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.005%

Price spread now: Binance against BloFin+0.054%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1321.323% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.462%−$46 · spread now +0.054%, 7d avg −0.064%

Together, before fees−0.450%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.118% dearer against BloFin than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.064%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EDGE-USDT	0.5934	0.0561	pay 0.0281% / 4h	1h 57m	$670K	$105K	50x
Short	Binance EDGEUSDT	0.5937	0.0538	get 0.0269% / 4h	1h 57m	$10.3M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.054%Rate

Funding earned: −$4.82
Price spread: +0.054% → −0.064%: $11.77
Slippage, 4 orders: −$110.27
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$125.32
Costs to cover: 1.323%
Break-even: never at this rate

Slippage from BloFin: live order book, 52 min ago; Binance: 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 BloFin live order book, 52 min ago	0.84 bp	27.9 bp −$28	131.6 bp −$1,316	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.69 bp	34.2 bp −$34	147.9 bp −$1,479	doesn't fit	doesn't fit

EDGE on 17 exchanges

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	0.5923	−0.185%	$43K	$18K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5931	−0.051%	$7.1M	$3.2M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5938	+0.067%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5924	−0.167%	$187K	$140K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5939	+0.077%	$2K	$3.6M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5948	+0.236%	$9K	$274K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5894	−0.674%	$3K	$622K	10x	as long as short
KuCoin EDGEUSDTM	+0.0202%	4h	0.5939	+0.084%	$2.1M	$2.2M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0421%	4h	0.5939	+0.084%	$3.7M	$5.7M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0441%	1h	0.5938	+0.067%	$60K	$114K	3.3x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0445%	4h	0.5936	+0.041%	$14.3M	$3.8M	30x	as long as short
Aster EDGEUSDT	+0.0463%	4h	0.5937	+0.051%	$59K	$144K	5x	as long as short
Extended EDGE-USD	+0.0536%	1h	0.5939	+0.085%	$27K	$272K	5x	as long as short
MEXC EDGE_USDT	+0.0538%	4h	0.5936	+0.034%	$1.1M	$684K	50x	as long as short
Binance EDGEUSDTshort	+0.0538%	4h	0.5937	+0.054%	$10.3M	$10.5M	50x
BloFin EDGE-USDTlong	+0.0561%	4h	0.5934	long leg	$670K	$105K	50x
Orderly PERP_EDGE_USDC	+0.0655%	4h	0.5933	−0.017%	$2K	$1K	10x	as long as short