Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h −0.020%

Price spread now: Extended against BloFin+0.115%94s7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2142.137% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.501%−$50 · spread now +0.115%, 7d avg −0.120%

Together, before fees−0.499%+ Points / potential airdropExtended: Active · farm board−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.235% dearer against BloFin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.120%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EDGE-USDT	0.5967	0.0454	pay 0.0227% / 4h	3h 23m	$653K	$103K	50x
Short	Extended EDGE-USD	0.5974	0.0504	get 0.0063% / 1h	23m 35s	$27K	$196K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.115%Rate

Funding earned: $10.44
Price spread: +0.115% → −0.120%: $23.52
Slippage, 4 orders: −$196.67
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$179.71
Costs to cover: 2.137%
Break-even: 127.5 days

Slippage from BloFin: live order book, 8 min ago; Extended: live order book, 28 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, 8 min ago	3.35 bp	29.5 bp −$30	146.9 bp −$1,469	doesn't fit	doesn't fit
Sell Extended live order book, 28 min ago	2.78 bp	91.3 bp −$91	doesn't fit	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	0.5971	+0.060%	$44K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5968	+0.017%	$7.2M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5977	+0.168%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5969	+0.034%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5975	+0.141%	$58K	$113K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5960	−0.119%	$190K	$141K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5960	−0.118%	$8K	$2.6M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5969	+0.034%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5939	−0.469%	$3K	$624K	10x	as long as short
Aster EDGEUSDT	+0.0444%	4h	0.5977	+0.168%	$54K	$155K	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-USDTlong	+0.0454%	4h	0.5967	long leg	$653K	$103K	50x
Binance EDGEUSDT	+0.0498%	4h	0.5977	+0.168%	$10.2M	$10.5M	50x	as long as short
MEXC EDGE_USDT	+0.0500%	4h	0.5979	+0.201%	$1.1M	$866K	50x	as long as short
Extended EDGE-USDshort	+0.0504%	1h	0.5974	+0.115%	$27K	$196K	5x
OKX EDGE-USDT-SWAP	+0.0541%	4h	0.5986	+0.318%	$3.8M	$5.8M	20x	as long as short
edgeX EDGEUSDC	+0.0542%	4h	0.5965	−0.039%	$14.3M	$3.7M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0588%	4h	0.5969	+0.034%	$3K	$1K	10x	as long as short