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

EDGE

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0376%/8h= +41.2% APRpaid last 24h +0.104%
Price spread now: BloFin against Lighter−0.218%60s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.260%+$26 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding pays, the price is against you. BloFin is 0.218% cheaper against Lighter than usual: you would sell low and buy high (spread −0.218% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 46 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.260% in total) that is about 5.8 days. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.260% in total (about 13.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter EDGE0.60210.0096pay 0.0012% / 1h20m 19s$44K$19K3x
ShortBloFin EDGE-USDT0.60080.0472get 0.0236% / 4h3h 20m$661K$104K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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
$78.94
Price spread: −0.218% → 0.000%
−$21.76
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$45.18
Costs to cover
0.120%
Break-even
3.0 days
Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell BloFin live order book, 11 min ago3.35 bp41.2 bp −$41141.8 bp −$1,418doesn't fitdoesn't fit
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Lighter EDGElong+0.0096%1h0.6021long leg$44K$19K3x
Bybit EDGEUSDT+0.0100%4h0.6024+0.048%$7.3M$3.3M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.6039+0.297%$2.2M$2.2M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.6036+0.247%$4.8M$1.1M20xas long as short
Backpack EDGE_USDC_PERP+0.0100%1h0.6017−0.076%$58K$113K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.5995−0.434%$191K$141Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5973−0.799%$7K$2.6M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5977−0.732%$9K$305K50xas long as short
SunX EDGE-USDT+0.0100%4h0.6314+4.865%$4K$625K10xas long as short
Aster EDGEUSDT+0.0465%4h0.6021−0.003%$54K$155K5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin EDGE-USDTshort+0.0472%4h0.6008−0.218%$661K$104K50x
MEXC EDGE_USDT+0.0496%4h0.6041+0.331%$1.1M$866K50xas long as short
Extended EDGE-USD+0.0512%1h0.6035+0.237%$28K$180K5xas long as short
Binance EDGEUSDT+0.0515%4h0.6034+0.214%$10.3M$10.5M50xas long as short
edgeX EDGEUSDC+0.0541%4h0.5979−0.704%$14.3M$3.7M30xas long as short
OKX EDGE-USDT-SWAP+0.0586%4h0.6044+0.380%$3.8M$5.9M20xas long as short
Orderly PERP_EDGE_USDC+0.0601%4h0.6035+0.231%$3K$1K10xas long as short