EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.57 per $10,000 · paid last 24h −0.046%

Price spread now: OKX against BloFin+0.727%83s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as 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−$1111.114% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.971%−$97 · spread now +0.727%, 7d avg −0.043%

Together, before fees−1.120%−$112 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.770% dearer against BloFin than usual: you sell high and buy low: +$77 more if the spread goes back to its 7-day average of −0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour. The two prices were read 83 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	0.5915	0.0413	pay 0.0206% / 4h	3h 47m	$656K	$102K	50x
Short	OKX EDGE-USDT-SWAP	0.5958	0.0527	get 0.0263% / 4h	3h 47m	$3.7M	$5.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.727%Rate

Funding earned: $23.89
Price spread: +0.727% → −0.043%: $77.02
Slippage, 4 orders: −$89.44
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$10.52
Costs to cover: 1.114%
Break-even: 10.1 days

Slippage from BloFin: live order book, 49 min ago; OKX: live order book, 5 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, 49 min ago	5.87 bp	38.5 bp −$39	168.9 bp −$1,689	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	3.36 bp	24.9 bp −$25	122.6 bp −$1,226	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	0.5927	+0.198%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5944	+0.490%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5944	+0.490%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5947	+0.541%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5939	+0.409%	$58K	$110K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5928	+0.228%	$188K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5964	+0.835%	$12K	$2.5M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5968	+0.896%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5898	−0.287%	$4K	$624K	10x	as long as short
BloFin EDGE-USDTlong	+0.0413%	4h	0.5915	long leg	$656K	$102K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0439%	4h	0.5929	+0.229%	$57K	$154K	5x	as long as short
Extended EDGE-USD	+0.0456%	1h	0.5945	+0.505%	$27K	$196K	5x	as long as short
MEXC EDGE_USDT	+0.0458%	4h	0.5951	+0.609%	$1.1M	$863K	50x	as long as short
Binance EDGEUSDT	+0.0458%	4h	0.5945	+0.507%	$10.2M	$10.5M	50x	as long as short
edgeX EDGEUSDC	+0.0497%	4h	0.5968	+0.892%	$14.3M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAPshort	+0.0527%	4h	0.5958	+0.727%	$3.7M	$5.8M	20x
Orderly PERP_EDGE_USDC	+0.0557%	4h	0.5931	+0.270%	$3K	$359	10x	as long as short