EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0262%/8h= +28.6% APRnext payment +$1.31 per $10,000 · paid last 24h +0.055%

Price spread now: Binance against Bybit+0.185%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$3123.119% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.185%, 7d avg +0.117%

Together, before fees+0.191%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.068% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5869	0.0100	pay 0.0050% / 4h	2h 21m	$7.0M	$3.2M	25x
Short	Binance EDGEUSDT	0.5880	0.0362	get 0.0181% / 4h	2h 21m	$10.0M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.185%Rate

Funding earned: $54.93
Price spread: +0.185% → +0.117%: $6.79
Slippage, 4 orders: −$290.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$250.2
Costs to cover: 3.119%
Break-even: 38.9 days

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 3 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 Bybit live order book, 2 min ago	5.97 bp	118.5 bp −$119	446.1 bp −$4,461	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.70 bp	45.0 bp −$45	218.1 bp −$2,181	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	−0.0289%	1h	0.5874	+0.080%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5861	−0.136%	$54K	$9K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5869	long leg	$7.0M	$3.2M	25x
Bitget EDGEUSDT	+0.0100%	4h	0.5876	+0.119%	$4.7M	$989K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5859	−0.174%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5878	+0.148%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5879	+0.170%	$6K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5835	−0.579%	$4K	$604K	10x	as long as short
KuCoin EDGEUSDTM	+0.0104%	4h	0.5874	+0.085%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0313%	4h	0.5872	+0.051%	$634K	$126K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0325%	4h	0.5882	+0.215%	$14.1M	$3.4M	30x	as long as short
Aster EDGEUSDT	+0.0339%	4h	0.5859	−0.178%	$67K	$134K	5x	as long as short
MEXC EDGE_USDT	+0.0340%	4h	0.5878	+0.153%	$1.2M	$929K	50x	as long as short
Extended EDGE-USD	+0.0344%	1h	0.5881	+0.201%	$27K	$230K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0356%	4h	0.5891	+0.375%	$3.6M	$5.7M	20x	as long as short
Binance EDGEUSDTshort	+0.0362%	4h	0.5880	+0.185%	$10.0M	$10.0M	50x
Orderly PERP_EDGE_USDC	+0.0428%	4h	0.5877	+0.136%	$3K	—	10x	as long as short