EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0265%/8h= +29.0% APRnext payment +$1.32 per $10,000 · paid last 24h +0.082%

Price spread now: Orderly against Bybit+0.223%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Orderly is 0.223% dearer against Bybit than usual: you sell high and buy low: +$22 more if the spread 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	Bybit EDGEUSDT	0.5819	0.0100	pay 0.0050% / 4h	2h 54m	$6.9M	$3.3M	25x
Short	Orderly PERP_EDGE_USDC	0.5832	0.0365	get 0.0182% / 4h	2h 54m	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now +0.223%Rate

Funding earned: $55.56
Price spread: +0.223% → 0.000%: $22.34
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $60.9
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 min ago; Orderly: 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 Bybit live order book, 3 min ago	5.99 bp	109.6 bp −$110	471.2 bp −$4,712	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Backpack EDGE_USDC_PERP	−0.0629%	1h	0.5829	+0.165%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5812	−0.119%	$54K	$9K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5819	long leg	$6.9M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5823	+0.069%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5821	+0.034%	$4.6M	$986K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5819	+0.008%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5837	+0.309%	$12K	$1.7M	10x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6099	+4.812%	$4K	$597K	10x	as long as short
ApeX Omni EDGEUSDT	+0.0147%	1h	0.5844	+0.430%	$2K	$293K	50x	as long as short
BloFin EDGE-USDT	+0.0160%	4h	0.5826	+0.120%	$630K	$124K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0172%	4h	0.5832	+0.230%	$67K	$134K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0183%	4h	0.5828	+0.155%	$3.6M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0196%	4h	0.5853	+0.591%	$14.0M	$3.4M	30x	as long as short
Binance EDGEUSDT	+0.0197%	4h	0.5828	+0.155%	$9.9M	$10.0M	50x	as long as short
MEXC EDGE_USDT	+0.0198%	4h	0.5828	+0.155%	$1.2M	$918K	50x	as long as short
Extended EDGE-USD	+0.0200%	1h	0.5819	−0.001%	$26K	$230K	5x	as long as short
Orderly PERP_EDGE_USDCshort	+0.0365%	4h	0.5832	+0.223%	$3K	—	10x