Settings8H · net · $10k
Funding arb · Price arb /

EDGE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRnext payment $0.14 per $10,000 · paid last 24h +0.035%
Price spread now: BloFin against edgeX−0.251%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1241.236% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.137%+$14 on $10k
Price spread, last 3 days (all we have)+0.810%+$81 · spread now −0.251%, 7d avg −0.012%
Together, before fees+0.946%+ Points / potential airdropedgeX: Active · farm board+$95 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.239% cheaper against edgeX than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.137%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EDGEUSDC0.58130.0407pay 0.0203% / 4h1h 59m$13.9M$3.4M30x
ShortBloFin EDGE-USDT0.57980.0379get 0.0189% / 4h1h 59m$631K$123K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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

Funding earned
−$5.9
Price spread: −0.251% → −0.012%
−$23.89
Slippage, 4 orders
−$102.56
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$153.35
Costs to cover
1.236%
Break-even
never at this rate
Slippage from edgeX: live order book, 4 min ago; BloFin: live order book, 22 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 4 min ago3.43 bp20.0 bp −$20108.3 bp −$1,083doesn't fitdoesn't fit
Sell BloFin live order book, 22 min ago0.85 bp41.3 bp −$41147.6 bp −$1,476doesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack EDGE_USDC_PERP−0.0073%1h0.5782−0.519%$58K$100K3.3xas long as short
Lighter EDGE+0.0096%1h0.5771−0.718%$54K$8K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5777−0.612%$6.8M$3.3M25xas long as short
Bitget EDGEUSDT+0.0100%4h0.5789−0.405%$4.6M$991K20xas long as short
Variational Omni EDGE+0.0100%4h0.5779−0.573%$189K$130Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5805−0.130%$2K$1.7M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5805−0.130%$8K$295K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5755−0.990%$3K$604K10xas long as short
KuCoin EDGEUSDTM+0.0102%4h0.5787−0.440%$2.0M$2.3M50xas long as short
Aster EDGEUSDT+0.0336%4h0.5793−0.330%$66K$135K5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended EDGE-USD+0.0360%1h0.5782−0.529%$26K$230K5xas long as short
Binance EDGEUSDT+0.0361%4h0.5785−0.474%$9.8M$10.0M50xas long as short
MEXC EDGE_USDT+0.0368%4h0.5788−0.423%$1.1M$938K50xas long as short
BloFin EDGE-USDTshort+0.0379%4h0.5798−0.251%$631K$123K50x
OKX EDGE-USDT-SWAP+0.0387%4h0.5785−0.474%$3.5M$5.7M20xas long as short
edgeX EDGEUSDClong+0.0407%4h0.5813long leg$13.9M$3.4M30x
Orderly PERP_EDGE_USDC+0.0465%4h0.5789−0.405%$3K10xas long as short