Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against Binance+0.026%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$830.833% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.026%, 7d avg −0.005%

Together, before fees−0.048%−$5 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: MEXC is 0.031% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EDGEUSDT	0.5911	0.0552	pay 0.0276% / 4h	2h 17m	$10.3M	$10.6M	50x
Short	MEXC EDGE_USDT	0.5913	0.0552	get 0.0276% / 4h	2h 17m	$1.1M	$731K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$0.05
Price spread: +0.026% → −0.005%: $3.12
Slippage, 4 orders: −$65.3
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$80.24
Costs to cover: 0.833%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; MEXC: live order book, 1 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 Binance live order book, 15 min ago	0.84 bp	32.6 bp −$33	185.1 bp −$1,851	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.85 bp	8.3 bp −$8	67.9 bp −$679	212.3 bp −$21.2K	790.8 bp −$395.4K

EDGE on 17 exchanges

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	0.5900	−0.199%	$43K	$21K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5903	−0.143%	$7.2M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5908	−0.058%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5911	−0.001%	$60K	$118K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5937	+0.437%	$187K	$140K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5972	+1.025%	$3K	$3.5M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5944	+0.551%	$9K	$274K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5878	−0.566%	$3K	$623K	10x	as long as short
KuCoin EDGEUSDTM	+0.0192%	4h	0.5910	−0.024%	$2.1M	$2.2M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0394%	4h	0.5914	+0.043%	$3.7M	$5.7M	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0406%	4h	0.5947	+0.606%	$14.4M	$3.8M	30x	as long as short
Aster EDGEUSDT	+0.0451%	4h	0.5910	−0.025%	$59K	$148K	5x	as long as short
BloFin EDGE-USDT	+0.0510%	4h	0.5931	+0.331%	$671K	$105K	50x	as long as short
Extended EDGE-USD	+0.0552%	1h	0.5910	−0.028%	$29K	$271K	5x	as long as short
MEXC EDGE_USDTshort	+0.0552%	4h	0.5913	+0.026%	$1.1M	$731K	50x
Binance EDGEUSDTlong	+0.0552%	4h	0.5911	long leg	$10.3M	$10.6M	50x
Orderly PERP_EDGE_USDC	+0.0677%	4h	0.5911	−0.007%	$2K	$1K	10x	as long as short