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

BANK

all BANK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0232%/8h= +25.4% APRnext payment +$1.16 per $10,000 · paid last 24h +0.055%
Price spread now: BloFin against edgeX+0.052%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2072.072% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.113%+$11 on $10k
Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.052%, 7d avg +0.111%
Together, before fees+0.168%+ Points / potential airdropedgeX: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.059% cheaper against edgeX than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.111%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.113% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.16 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BANKUSDC0.035290.0108pay 0.0054% / 4h1h 27m$1K$243K5x
ShortBloFin BANK-USDT0.035310.0340get 0.0170% / 4h1h 27m$458K$72K50x

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
$48.74
Price spread: +0.052% → +0.111%
−$5.86
Slippage, 4 orders
−$186.16
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$164.29
Costs to cover
2.072%
Break-even
30.6 days
Slippage from edgeX: live order book, 35 min ago; BloFin: live order book, 14 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, 35 min ago9.89 bp85.7 bp −$86doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 14 min ago1.42 bp20.3 bp −$2041.8 bp −$418doesn't fitdoesn't fit

BANK on 11 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
Aster BANKUSDT+0.0100%4h0.03522−0.195%$56K$122K5xas long as short
Binance BANKUSDT+0.0100%4h0.03523−0.166%$7.9M$31.4M50xas long as short
Bybit BANKUSDT+0.0100%4h0.03524−0.146%$2.9M$6.5M20xas long as short
Gate BANK_USDT+0.0100%4h0.03526−0.090%$725K$1.4M10xas long as short
MEXC BANK_USDT+0.0100%4h0.03522−0.203%$2.5M$573K20xas long as short
KuCoin BANKUSDTM+0.0100%4h0.03525−0.118%$1.2M$173K50xas long as short
HTX BANK-USDT+0.0100%4h0.03528−0.033%$41K$242K20xas long as short
edgeX BANKUSDClong+0.0108%4h0.03529long leg$1K$243K5x
BloFin BANK-USDTshort+0.0340%4h0.03531+0.052%$458K$72K50x
BingX BANK-USDT+0.0416%4h0.03524−0.146%$6.9Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BANKUSDT+0.0440%4h0.03527−0.061%$2.9M$3.5M25xas long as short