Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.34 per $10,000 · paid last 24h +0.046%
Price spread now: BloFin against OKX−0.167%63s7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as 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−$1211.210% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)+0.411%+$41 · spread now −0.167%, 7d avg +0.043%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.210% cheaper against OKX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.043%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.150%, so the current rate has only just turned against you. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX EDGE-USDT-SWAP | 0.5985 | 0.0537 | pay 0.0268% / 4h | 3h 22m | $3.8M | $5.8M | 20x |
| Short | BloFin EDGE-USDT | 0.5975 | 0.0468 | get 0.0234% / 4h | 3h 22m | $653K | $103K | 50x |
OKX EDGE-USDT-SWAP
BloFin EDGE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- −$14.37
- Price spread: −0.167% → +0.043%
- −$21.04
- Slippage, 4 orders
- −$99.03
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$156.43
- Costs to cover
- 1.210%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; BloFin: live order book, 9 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 OKX live order book, 6 min ago | 2.52 bp | 25.8 bp −$26 | 142.5 bp −$1,425 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 3.35 bp | 41.2 bp −$41 | 141.8 bp −$1,418 | 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 | 0.5969 | −0.271% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5963 | −0.368% | $7.2M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5974 | −0.184% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5966 | −0.317% | $4.7M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.5978 | −0.115% | $58K | $113K | 3.3x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5960 | −0.419% | $190K | $141K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5973 | −0.201% | $7K | $2.6M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5969 | −0.267% | $9K | $305K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5940 | −0.752% | $4K | $625K | 10x | as long as short |
| Aster EDGEUSDT | +0.0443% | 4h | 0.5973 | −0.197% | $54K | $155K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin EDGE-USDTshort | +0.0468% | 4h | 0.5975 | −0.167% | $653K | $103K | 50x | |
| Extended EDGE-USD | +0.0496% | 1h | 0.5976 | −0.153% | $27K | $192K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0498% | 4h | 0.5979 | −0.100% | $1.1M | $866K | 50x | as long as short |
| Binance EDGEUSDT | +0.0498% | 4h | 0.5978 | −0.112% | $10.2M | $10.5M | 50x | as long as short |
| OKX EDGE-USDT-SWAPlong | +0.0537% | 4h | 0.5985 | long leg | $3.8M | $5.8M | 20x | |
| edgeX EDGEUSDC | +0.0542% | 4h | 0.5965 | −0.340% | $14.3M | $3.7M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0589% | 4h | 0.5975 | −0.167% | $3K | $1K | 10x | as long as short |
Extended EDGE-USD
MEXC EDGE_USDT
Binance EDGEUSDT
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC