EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.133%

Price spread now: Lighter against Backpack−0.110%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.652%−$65 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.110% cheaper against Backpack than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack EDGE_USDC_PERP	0.5987	0.0100	pay 0.0013% / 1h	40m 14s	$58K	$122K	3.3x
Short	Lighter EDGE	0.5980	0.0096	get 0.0012% / 1h	40m 14s	$44K	$22K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$0.84
Price spread: −0.110% → 0.000%: −$11.02
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.86
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 34 min ago; Lighter: no order-book sample. Net counts fees only.

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, 34 min ago	3.09 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 EDGEshort	+0.0096%	1h	0.5980	−0.110%	$44K	$22K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5972	−0.244%	$7.2M	$3.4M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5982	−0.077%	$4.8M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERPlong	+0.0100%	1h	0.5987	long leg	$58K	$122K	3.3x
Variational Omni EDGE	+0.0100%	4h	0.5970	−0.285%	$188K	$145K	—	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6257	+4.517%	$4K	$647K	10x	as long as short
ApeX Omni EDGEUSDT	+0.0114%	1h	0.6026	+0.658%	$9K	$296K	50x	as long as short
KuCoin EDGEUSDTM	+0.0206%	4h	0.5982	−0.077%	$2.1M	$2.2M	50x	as long as short
GRVT EDGE_USDT_Perp	+0.0266%	4h	0.5981	−0.094%	$7K	$3.3M	10x	as long as short
Aster EDGEUSDT	+0.0407%	4h	0.5981	−0.094%	$52K	$152K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0588%	4h	0.5981	−0.094%	$671K	$106K	50x	as long as short
MEXC EDGE_USDT	+0.0598%	4h	0.5984	−0.043%	$1.1M	$717K	50x	as long as short
Binance EDGEUSDT	+0.0598%	4h	0.5986	−0.017%	$10.4M	$11.0M	50x	as long as short
Extended EDGE-USD	+0.0600%	1h	0.5987	+0.014%	$29K	$267K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0608%	4h	0.5993	+0.107%	$3.8M	$6.2M	20x	as long as short
edgeX EDGEUSDC	+0.0652%	4h	0.6021	+0.577%	$14.5M	$3.7M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0675%	4h	0.5982	−0.077%	$2K	$1K	10x	as long as short