EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0393%/8h= −43.0% APRnext payment −$1.96 per $10,000 · paid last 24h −0.079%

Price spread now: Variational Omni against Binance+0.029%7-day average −0.057% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.029%, 7d avg −0.057%

Together, before fees−0.063%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.086% dearer against Binance than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.057%): +$9 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 3 days (−0.136% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EDGEUSDT	0.5876	0.0493	pay 0.0246% / 4h	2h 10m	$10.0M	$10.4M	50x
Short	Variational Omni EDGE	0.5877	0.0100	get 0.0050% / 4h	2h 10m	$189K	$131K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.029%Rate

Funding earned: −$82.49
Price spread: +0.029% → −0.057%: $8.62
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$83.86
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 min ago; Variational Omni: RFQ quote, 59 min ago. 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 Binance live order book, 15 min ago	1.69 bp	31.3 bp −$31	256.2 bp −$2,562	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 59 min ago	7.48 bp	doesn't fit	333.3 bp −$3,333	doesn't fit	doesn't fit

EDGE on 16 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	0.5869	−0.113%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5872	−0.064%	$7.0M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5879	+0.055%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5877	+0.021%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5873	−0.052%	$58K	$105K	3.3x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5877	+0.029%	$189K	$131K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5883	+0.129%	$7K	$2.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5885	+0.157%	$9K	$303K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5848	−0.473%	$4K	$620K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0445%	4h	0.5876	+0.004%	$3.6M	$5.8M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0491%	4h	0.5884	+0.133%	$68K	$132K	5x	as long as short
edgeX EDGEUSDC	+0.0492%	4h	0.5907	+0.533%	$14.1M	$3.6M	30x	as long as short
Binance EDGEUSDTlong	+0.0493%	4h	0.5876	long leg	$10.0M	$10.4M	50x
MEXC EDGE_USDT	+0.0494%	4h	0.5874	−0.030%	$1.1M	$912K	50x	as long as short
Extended EDGE-USD	+0.0496%	1h	0.5872	−0.063%	$27K	$199K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0698%	4h	0.5873	−0.047%	$3K	—	10x	as long as short