Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.199%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1941.935% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.163%−$16 · spread now +0.199%, 7d avg −0.010%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.209% dearer against Bybit than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.6026	0.0100	pay 0.0050% / 4h	3h 10m	$7.2M	$3.3M	25x
Short	Bitget EDGEUSDT	0.6038	0.0100	get 0.0050% / 4h	3h 10m	$4.8M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.199%Rate

Funding earned: $0
Price spread: +0.199% → −0.010%: $20.92
Slippage, 4 orders: −$170.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$172.6
Costs to cover: 1.935%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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 Bybit live order book, 3 min ago	2.50 bp	50.9 bp −$51	325.8 bp −$3,258	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.49 bp	35.0 bp −$35	335.1 bp −$3,351	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	0.6026	−0.007%	$50K	$14K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.6026	long leg	$7.2M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.6029	+0.050%	$2.2M	$2.2M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.6038	+0.199%	$4.8M	$1.0M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6041	+0.247%	$57K	$99K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.6005	−0.357%	$192K	$126K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6013	−0.216%	$495	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6016	−0.166%	$9K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5999	−0.448%	$4K	$610K	10x	as long as short
edgeX EDGEUSDC	+0.0461%	4h	0.6027	+0.010%	$14.4M	$3.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0483%	4h	0.6043	+0.282%	$3.7M	$5.9M	20x	as long as short
Aster EDGEUSDT	+0.0563%	4h	0.6028	+0.033%	$69K	$133K	5x	as long as short
MEXC EDGE_USDT	+0.0570%	4h	0.6040	+0.232%	$1.2M	$916K	50x	as long as short
Binance EDGEUSDT	+0.0572%	4h	0.6039	+0.216%	$10.3M	$10.2M	50x	as long as short
Extended EDGE-USD	+0.0576%	1h	0.6039	+0.218%	$27K	$194K	5x	as long as short
BloFin EDGE-USDT	+0.0591%	4h	0.6022	−0.066%	$650K	$95K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0796%	4h	0.6034	+0.133%	$3K	—	10x	as long as short