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

EDGE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment $0.32 per $10,000 · paid last 24h −0.048%
Price spread now: edgeX against BloFin−0.037%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1071.073% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.151%−$15 on $10k
Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.037%, 7d avg 0.000%
Together, before fees−0.170%+ Points / potential airdropedgeX: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 0.037% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin EDGE-USDT0.59680.0507pay 0.0254% / 4h18m 24s$672K$106K50x
ShortedgeX EDGEUSDC0.59660.0444get 0.0222% / 4h18m 24s$14.3M$3.7M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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
−$13.34
Price spread: −0.037% → 0.000%
−$3.7
Slippage, 4 orders
−$86.32
Fee BloFin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$124.36
Costs to cover
1.073%
Break-even
never at this rate
Slippage from BloFin: live order book, 63 min ago; edgeX: live order book, 1 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 BloFin live order book, 63 min ago9.95 bp29.4 bp −$29107.1 bp −$1,071doesn't fitdoesn't fit
Sell edgeX live order book, 1 min ago2.51 bp42.1 bp −$4296.0 bp −$960doesn'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
Lighter EDGE+0.0096%1h0.5957−0.183%$43K$22K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5961−0.117%$7.2M$3.4M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5965−0.050%$2.1M$2.2M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.5965−0.050%$4.7M$1.1M20xas long as short
Backpack EDGE_USDC_PERP+0.0100%1h0.5971+0.044%$58K$122K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.5950−0.302%$188K$145Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5963−0.084%$10K$3.1M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5977+0.151%$9K$296K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5926−0.704%$3K$645K10xas long as short
Aster EDGEUSDT+0.0289%4h0.5966−0.034%$52K$153K5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX EDGEUSDCshort+0.0444%4h0.5966−0.037%$14.3M$3.7M30x
Extended EDGE-USD+0.0472%1h0.5969+0.017%$31K$269K5xas long as short
MEXC EDGE_USDT+0.0472%4h0.5964−0.067%$1.1M$761K50xas long as short
Binance EDGEUSDT+0.0472%4h0.5966−0.035%$10.3M$10.9M50xas long as short
OKX EDGE-USDT-SWAP+0.0477%4h0.5970+0.034%$3.8M$6.1M20xas long as short
BloFin EDGE-USDTlong+0.0507%4h0.5968long leg$672K$106K50x
Orderly PERP_EDGE_USDC+0.0635%4h0.5967−0.017%$2K$1K10xas long as short