Funding you earn now, next payment 04:00 UTC+0.0674%/8h= +73.8% APRpaid last 24h +0.167%
Price spread now: edgeX against Backpack−0.983%7-day average +0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$200as in the Price arb table
costs, in and out, $10k−$860.862% of the position
Funding, last 7 days−0.620%−$62 on $10k
+Price spread, last 4 days (all we have)+1.067%+$107 · spread now −0.983%, 7d avg +0.155%
=Together, before fees+0.447%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 1.137% cheaper against Backpack than usual: you would sell low and buy high (spread −0.983% now, against its 7-day average of +0.155%). If the spread goes back, that is −$114 on $10k: about 5.6 days of funding at the current rate (+$20 a day). Mind the row above: over the last 7 days funding on this pair cost −0.620%, 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 | 0.5937 | −0.0252 | get 0.0032% / 1h | 55m 35s | $60K | $107K | 3.3x |
| Short | edgeX EDGEUSDC | 0.5879 | 0.0421 | get 0.0211% / 4h | 55m 35s | $14.1M | $3.6M | 30x |
Backpack EDGE_USDC_PERP
edgeX EDGEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Backpack. 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
- $141.47
- Price spread: −0.983% → +0.155%
- −$113.74
- Slippage, 4 orders
- −$67.24
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$58.5
- Costs to cover
- 0.862%
- Break-even
- 9.9 days
Slippage from Backpack: live order book, 43 min ago; edgeX: 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 Backpack live order book, 43 min ago | 3.37 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 3 min ago | 4.24 bp | 24.6 bp −$25 | 99.7 bp −$997 | 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 | −0.0252% | 1h | 0.5937 | long leg | $60K | $107K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5912 | −0.428% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5923 | −0.241% | $7.1M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5915 | −0.376% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5921 | −0.275% | $4.7M | $1.1M | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5929 | −0.148% | $188K | $135K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5888 | −0.829% | $8K | $2.2M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5887 | −0.847% | $9K | $304K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5888 | −0.830% | $4K | $623K | 10x | as long as short |
| Extended EDGE-USD | +0.0352% | 1h | 0.5918 | −0.330% | $27K | $196K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Extended EDGE-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EDGE_USDT | +0.0354% | 4h | 0.5923 | −0.241% | $1.1M | $884K | 50x | as long as short |
| Binance EDGEUSDT | +0.0377% | 4h | 0.5923 | −0.241% | $10.1M | $10.3M | 50x | as long as short |
| BloFin EDGE-USDT | +0.0390% | 4h | 0.5887 | −0.847% | $653K | $101K | 50x | as long as short |
| Aster EDGEUSDT | +0.0409% | 4h | 0.5925 | −0.203% | $68K | $129K | 5x | as long as short |
| edgeX EDGEUSDCshort | +0.0421% | 4h | 0.5879 | −0.983% | $14.1M | $3.6M | 30x | |
| OKX EDGE-USDT-SWAP | +0.0445% | 4h | 0.5920 | −0.291% | $3.7M | $5.7M | 20x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0583% | 4h | 0.5924 | −0.224% | $3K | — | 10x | as long as short |
MEXC EDGE_USDT
Binance EDGEUSDT
BloFin EDGE-USDT
Aster EDGEUSDT
OKX EDGE-USDT-SWAP
Orderly PERP_EDGE_USDC