Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h +0.017%

Price spread now: BloFin against Extended−0.090%7-day average +0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$1861.859% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+1.144%+$114 · spread now −0.090%, 7d avg +0.120%

Together, before fees+1.146%+ Points / potential airdropExtended: Active · farm board+$115 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.210% cheaper against Extended than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.120%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5955	0.0584	pay 0.0073% / 1h	59m 10s	$28K	$267K	5x
Short	BloFin EDGE-USDT	0.5950	0.0537	get 0.0268% / 4h	2h 59m	$666K	$106K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$9.93
Price spread: −0.090% → +0.120%: −$21
Slippage, 4 orders: −$168.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$216.82
Costs to cover: 1.859%
Break-even: never at this rate

Slippage from Extended: live order book, 54 min ago; BloFin: live order book, 12 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 Extended live order book, 54 min ago	3.26 bp	49.7 bp −$50	485.8 bp −$4,858	doesn't fit	doesn't fit
Sell BloFin live order book, 12 min ago	2.53 bp	19.1 bp −$19	93.0 bp −$930	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
Lighter EDGE	+0.0096%	1h	0.5942	−0.229%	$43K	$21K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5943	−0.207%	$7.2M	$3.4M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5953	−0.039%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5942	−0.217%	$187K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5949	−0.112%	$11K	$3.4M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5958	+0.045%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5914	−0.694%	$4K	$648K	10x	as long as short
KuCoin EDGEUSDTM	+0.0164%	4h	0.5950	−0.090%	$2.1M	$2.2M	50x	as long as short
Backpack EDGE_USDC_PERP	+0.0259%	1h	0.5955	−0.014%	$60K	$124K	3.3x	as long as short
Aster EDGEUSDT	+0.0403%	4h	0.5957	+0.024%	$58K	$157K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0505%	4h	0.5960	+0.078%	$3.7M	$6.1M	20x	as long as short
edgeX EDGEUSDC	+0.0517%	4h	0.5956	+0.011%	$14.4M	$3.8M	30x	as long as short
BloFin EDGE-USDTshort	+0.0537%	4h	0.5950	−0.090%	$666K	$106K	50x
Extended EDGE-USDlong	+0.0584%	1h	0.5955	long leg	$28K	$267K	5x
MEXC EDGE_USDT	+0.0584%	4h	0.5955	−0.006%	$1.1M	$697K	50x	as long as short
Binance EDGEUSDT	+0.0585%	4h	0.5955	−0.012%	$10.4M	$11.1M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0676%	4h	0.5953	−0.039%	$2K	$1K	10x	as long as short