Settings8H · net · $10k
Funding arb · Price arb /

EDGE

all EDGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.108%
Price spread now: GRVT against Backpack+0.207%7-day average +0.198% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.751%−$75 on $10k
Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.207%, 7d avg +0.198%
Together, before fees−0.730%+ Points / potential airdropGRVT: Active · farm board−$73 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack EDGE_USDC_PERP0.59750.0100pay 0.0013% / 1h37m 11s$58K$100K3.3x
ShortGRVT EDGE_USDT_Perp0.59870.0100get 0.0050% / 4h37m 11s$7K$1.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$0
Price spread: +0.207% → +0.198%
$0.94
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$18.06
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Backpack: live order book, 17 min ago; GRVT: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 17 min ago5.84 bp19.1 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 1 min ago3.34 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter EDGE+0.0096%1h0.5960−0.243%$55K$8K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5968−0.114%$7.1M$3.3M25xas long as short
Bitget EDGEUSDT+0.0100%4h0.5970−0.080%$4.7M$999K20xas long as short
Backpack EDGE_USDC_PERPlong+0.0100%1h0.5975long leg$58K$100K3.3x
Variational Omni EDGE+0.0100%4h0.5978+0.058%$193K$131Kas long as short
GRVT EDGE_USDT_Perpshort+0.0100%4h0.5987+0.207%$7K$1.8M10x
ApeX Omni EDGEUSDT+0.0100%1h0.5988+0.221%$8K$287K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5938−0.616%$4K$609K10xas long as short
KuCoin EDGEUSDTM+0.0172%4h0.5970−0.080%$2.1M$2.2M50xas long as short
BloFin EDGE-USDT+0.0599%4h0.5975+0.003%$649K$128K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC EDGE_USDT+0.0622%4h0.5982+0.121%$1.2M$915K50xas long as short
Binance EDGEUSDT+0.0622%4h0.5982+0.121%$10.1M$10.1M50xas long as short
Extended EDGE-USD+0.0624%1h0.5978+0.053%$27K$230K5xas long as short
Aster EDGEUSDT+0.0627%4h0.5979+0.065%$69K$135K5xas long as short
Orderly PERP_EDGE_USDC+0.0654%4h0.5978+0.054%$3K10xas long as short
OKX EDGE-USDT-SWAP+0.0738%4h0.5986+0.187%$3.7M$5.9M20xas long as short
edgeX EDGEUSDC+0.0746%4h0.5986+0.193%$14.3M$3.5M30xas long as short