EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.040%

Price spread now: OKX against Binance+0.057%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1101.097% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.057%, 7d avg +0.023%

Together, before fees−0.182%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.034% dearer against Binance than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of +0.023%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.8 days. At the pace of the last 7 days (−0.163% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EDGEUSDT	0.5957	0.0455	pay 0.0228% / 4h	23m 53s	$10.3M	$10.9M	50x
Short	OKX EDGE-USDT-SWAP	0.5960	0.0444	get 0.0222% / 4h	23m 53s	$3.7M	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now +0.057%Rate

Funding earned: −$2.43
Price spread: +0.057% → +0.023%: $3.42
Slippage, 4 orders: −$89.7
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$108.71
Costs to cover: 1.097%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; OKX: live order book, 4 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 Binance live order book, 1 min ago	1.68 bp	32.2 bp −$32	203.8 bp −$2,038	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.51 bp	27.0 bp −$27	145.5 bp −$1,455	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
Lighter EDGE	+0.0096%	1h	0.5943	−0.225%	$43K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5944	−0.212%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5955	−0.027%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5950	−0.111%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5952	−0.076%	$57K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5950	−0.113%	$188K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5970	+0.228%	$10K	$3.1M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5994	+0.628%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5913	−0.732%	$3K	$646K	10x	as long as short
Aster EDGEUSDT	+0.0275%	4h	0.5958	+0.017%	$52K	$153K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAPshort	+0.0444%	4h	0.5960	+0.057%	$3.7M	$6.1M	20x
MEXC EDGE_USDT	+0.0454%	4h	0.5955	−0.027%	$1.1M	$760K	50x	as long as short
edgeX EDGEUSDC	+0.0455%	4h	0.5972	+0.264%	$14.3M	$3.7M	30x	as long as short
Binance EDGEUSDTlong	+0.0455%	4h	0.5957	long leg	$10.3M	$10.9M	50x
Extended EDGE-USD	+0.0456%	1h	0.5956	−0.012%	$31K	$269K	5x	as long as short
BloFin EDGE-USDT	+0.0457%	4h	0.5965	+0.141%	$671K	$106K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0626%	4h	0.5956	−0.010%	$2K	$1K	10x	as long as short