The body of Alexander Duncan, 59, was found in a house in Primrose Street on 19 April.
The women, aged 29 and 31, are expected to appear in court on Tuesday.
Det Insp Martin MacLean said: "I would like to thank the public for their patience and cooperation while we carried out enquiries in relation to this incident."
Two women have been charged with murder following the death of a man in the Leith area of Edinburgh.