EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0078%/8h= +8.6% APRnext payment +$0.10 per $10,000 · paid last 24h +0.128%

Price spread now: ApeX Omni against Backpack+0.286%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$537as in the Funding arb table

Net, price: spread back to 7d avg − costs−$450as in the Price arb table

costs, in and out, $10k−$4654.646% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.720%−$72 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now +0.286%, 7d avg +0.145%

Together, before fees−0.648%−$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.141% dearer against Backpack than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.145%. Mind the row above: over the last 7 days funding on this pair cost −0.720%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack EDGE_USDC_PERP	0.5980	0.0022	pay 0.0003% / 1h	20m 59s	$57K	$101K	3.3x
Short	ApeX Omni EDGEUSDT	0.5997	0.0100	get 0.0013% / 1h	20m 59s	$9K	$293K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now +0.286%Rate

Funding earned: $16.42
Price spread: +0.286% → +0.145%: $14.12
Slippage, 4 orders: −$444.56
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$434.02
Costs to cover: 4.646%
Break-even: 192.0 days

Slippage from Backpack: live order book, 28 min ago; ApeX Omni: live order book, 51 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 Backpack live order book, 28 min ago	1.09 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	25.93 bp	201.5 bp −$202	doesn't fit	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_PERPlong	+0.0022%	1h	0.5980	long leg	$57K	$101K	3.3x
Lighter EDGE	+0.0096%	1h	0.5966	−0.229%	$49K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5970	−0.166%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5976	−0.065%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5979	−0.015%	$4.8M	$1.0M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5968	−0.207%	$191K	$127K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5985	+0.085%	$333	$1.9M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5997	+0.286%	$9K	$293K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5932	−0.801%	$4K	$615K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0426%	4h	0.5985	+0.085%	$3.7M	$5.9M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0444%	4h	0.5981	+0.022%	$14.3M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0522%	4h	0.5984	+0.069%	$69K	$133K	5x	as long as short
BloFin EDGE-USDT	+0.0532%	4h	0.5981	+0.018%	$650K	$95K	50x	as long as short
Extended EDGE-USD	+0.0536%	1h	0.5982	+0.037%	$27K	$204K	5x	as long as short
Binance EDGEUSDT	+0.0539%	4h	0.5982	+0.035%	$10.2M	$10.2M	50x	as long as short
MEXC EDGE_USDT	+0.0542%	4h	0.5980	+0.002%	$1.2M	$913K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0769%	4h	0.5977	−0.048%	$3K	—	10x	as long as short