EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0354%/8h= +38.8% APRnext payment +$1.77 per $10,000 · paid last 24h +0.102%

Price spread now: BloFin against Bybit0.000%82s7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$251as 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−$2772.770% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

Price spread, last 4 days (all we have)+0.319%+$32 · spread now 0.000%, 7d avg +0.158%

Together, before fees+0.578%+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.158% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.158%). If the spread goes back, that is −$16 on $10k: about 36 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.259% in total) that is about 4.3 days. The two prices were read 82 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	Bybit EDGEUSDT	0.5967	0.0100	pay 0.0050% / 4h	3h 23m	$7.2M	$3.3M	25x
Short	BloFin EDGE-USDT	0.5967	0.0454	get 0.0227% / 4h	3h 23m	$653K	$103K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $74.4
Price spread: 0.000% → +0.158%: −$15.78
Slippage, 4 orders: −$254.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$218.41
Costs to cover: 2.770%
Break-even: 27.5 days

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 8 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, 4 min ago	0.84 bp	101.8 bp −$102	377.2 bp −$3,772	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	3.35 bp	41.2 bp −$41	141.8 bp −$1,418	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	0.5972	+0.085%	$44K	$19K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5967	long leg	$7.2M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5973	+0.101%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5968	+0.017%	$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	+0.0448%	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-USDTshort	+0.0454%	4h	0.5967	0.000%	$653K	$103K	50x
MEXC EDGE_USDT	+0.0496%	4h	0.5974	+0.117%	$1.1M	$866K	50x	as long as short
Binance EDGEUSDT	+0.0502%	4h	0.5979	+0.201%	$10.2M	$10.5M	50x	as long as short
Extended EDGE-USD	+0.0504%	1h	0.5974	+0.115%	$27K	$196K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0541%	4h	0.5988	+0.352%	$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