Funding you earn now, next payment 08:00 UTC−0.0379%/8h= −41.5% APRnext payment −$1.89 per $10,000 · paid last 24h −0.102%
Price spread now: Bybit against BloFin+0.502%92s7-day average −0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$318as 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−$2922.924% of the position
Funding, last 7 days−0.259%−$26 on $10k
+Price spread, last 4 days (all we have)−0.788%−$79 · spread now +0.502%, 7d avg −0.156%
=The price spread pays, funding is against you. Bybit is 0.658% dearer against BloFin than usual: you sell high and buy low (spread +0.502% now, against its 7-day average of −0.156%): +$66 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 7 days (−0.259% in total) that is about 18 days. The two prices were read 92 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 -0.259% in total (about -13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin EDGE-USDT | 0.5976 | 0.0479 | pay 0.0239% / 4h | 2h 13m | $651K | $103K | 50x |
| Short | Bybit EDGEUSDT | 0.6006 | 0.0100 | get 0.0050% / 4h | 2h 13m | $7.2M | $3.3M | 25x |
BloFin EDGE-USDT
Bybit EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$79.5
- Price spread: +0.502% → −0.156%
- $65.85
- Slippage, 4 orders
- −$269.37
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$306.01
- Costs to cover
- 2.924%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 13 min ago; Bybit: live order book, 4 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 BloFin live order book, 13 min ago | 9.29 bp | 25.9 bp −$26 | 139.9 bp −$1,399 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.36 bp | 121.6 bp −$122 | 332.2 bp −$3,322 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack EDGE_USDC_PERP | +0.0094% | 1h | 0.6019 | +0.720% | $60K | $117K | 3.3x | as long as short |
| Lighter EDGE | +0.0096% | 1h | 0.6008 | +0.527% | $44K | $19K | 3x | as long as short |
| Bybit EDGEUSDTshort | +0.0100% | 4h | 0.6006 | +0.502% | $7.2M | $3.3M | 25x | |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.6011 | +0.586% | $2.2M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6013 | +0.619% | $4.8M | $1.1M | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5951 | −0.418% | $188K | $144K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5980 | +0.067% | $9K | $2.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5969 | −0.117% | $9K | $295K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5970 | −0.100% | $4K | $634K | 10x | as long as short |
| Aster EDGEUSDT | +0.0342% | 4h | 0.6014 | +0.634% | $53K | $155K | 5x | as long as short |
Backpack EDGE_USDC_PERP
Lighter EDGE
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EDGE_USDT | +0.0468% | 4h | 0.6019 | +0.720% | $1.1M | $822K | 50x | as long as short |
| Binance EDGEUSDT | +0.0469% | 4h | 0.6018 | +0.703% | $10.3M | $10.7M | 50x | as long as short |
| Extended EDGE-USD | +0.0472% | 1h | 0.6003 | +0.450% | $27K | $87K | 5x | as long as short |
| edgeX EDGEUSDC | +0.0476% | 4h | 0.5969 | −0.123% | $14.3M | $3.6M | 30x | as long as short |
| BloFin EDGE-USDTlong | +0.0479% | 4h | 0.5976 | long leg | $651K | $103K | 50x | |
| OKX EDGE-USDT-SWAP | +0.0480% | 4h | 0.6011 | +0.586% | $3.8M | $6.1M | 20x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0595% | 4h | 0.6007 | +0.519% | $3K | $1K | 10x | as long as short |
MEXC EDGE_USDT
Binance EDGEUSDT
Extended EDGE-USD
edgeX EDGEUSDC
OKX EDGE-USDT-SWAP
Orderly PERP_EDGE_USDC