Funding you earn now, next payment 04:00 UTC−0.0535%/8h= −58.6% APRnext payment −$2.68 per $10,000 · paid last 24h −0.077%
Price spread now: Bybit against BloFin−0.184%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1501.501% of the position
Funding, last 7 days−0.235%−$24 on $10k
+Price spread, last 3 days (all we have)−0.069%−$7 · spread now −0.184%, 7d avg −0.157%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.027% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.157%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.235% in total (about -12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.68 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 | BloFin EDGE-USDT | 0.5980 | 0.0635 | pay 0.0318% / 4h | 3h 34m | $645K | $95K | 50x |
| Short | Bybit EDGEUSDT | 0.5969 | 0.0100 | get 0.0050% / 4h | 3h 34m | $7.1M | $3.3M | 25x |
BloFin EDGE-USDT
Bybit EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$112.42
- Price spread: −0.184% → −0.157%
- −$2.72
- Slippage, 4 orders
- −$127.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$265.25
- Costs to cover
- 1.501%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 37 min ago; Bybit: live order book, 4 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, 37 min ago | 5.04 bp | 30.6 bp −$31 | 128.2 bp −$1,282 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.34 bp | 75.5 bp −$76 | 327.2 bp −$3,272 | 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 | +0.0024% | 1h | 0.5976 | −0.065% | $57K | $101K | 3.3x | as long as short |
| Lighter EDGE | +0.0096% | 1h | 0.5965 | −0.246% | $49K | $14K | 3x | as long as short |
| Bybit EDGEUSDTshort | +0.0100% | 4h | 0.5969 | −0.184% | $7.1M | $3.3M | 25x | |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5977 | −0.050% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5979 | −0.017% | $4.8M | $1.0M | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5976 | −0.066% | $192K | $127K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5984 | +0.067% | $3K | $1.9M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6004 | +0.401% | $9K | $293K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5945 | −0.585% | $4K | $615K | 10x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0532% | 4h | 0.5981 | +0.017% | $3.7M | $5.9M | 20x | as long as short |
Backpack EDGE_USDC_PERP
Lighter EDGE
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
OKX EDGE-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDT | +0.0567% | 4h | 0.5981 | +0.009% | $69K | $133K | 5x | as long as short |
| Binance EDGEUSDT | +0.0579% | 4h | 0.5978 | −0.033% | $10.2M | $10.2M | 50x | as long as short |
| edgeX EDGEUSDC | +0.0588% | 4h | 0.5995 | +0.254% | $14.3M | $3.6M | 30x | as long as short |
| MEXC EDGE_USDT | +0.0590% | 4h | 0.5975 | −0.084% | $1.2M | $912K | 50x | as long as short |
| Extended EDGE-USD | +0.0592% | 1h | 0.5972 | −0.129% | $27K | $224K | 5x | as long as short |
| BloFin EDGE-USDTlong | +0.0635% | 4h | 0.5980 | long leg | $645K | $95K | 50x | |
| Orderly PERP_EDGE_USDC | +0.0772% | 4h | 0.5980 | 0.000% | $3K | — | 10x | as long as short |
Aster EDGEUSDT
Binance EDGEUSDT
edgeX EDGEUSDC
MEXC EDGE_USDT
Extended EDGE-USD
Orderly PERP_EDGE_USDC