Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0430%/8h= −47.1% APRpaid last 24h −0.133%

Price spread now: Backpack against edgeX+0.009%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.683%+$68 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.683%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EDGEUSDC	0.5916	0.0530	pay 0.0265% / 4h	1h 39m	$14.1M	$3.4M	30x
Short	Backpack EDGE_USDC_PERP	0.5917	0.0100	get 0.0013% / 1h	39m 10s	$60K	$100K	3.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against edgeX. 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 edgeXbpFee BackpackbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$90.38
Price spread: +0.009% → 0.000%: $0.94
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$108.44
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 5 min ago; Backpack: 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 edgeX live order book, 5 min ago	4.23 bp	22.1 bp −$22	99.7 bp −$997	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: 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 EDGE	+0.0096%	1h	0.5907	−0.160%	$55K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5904	−0.202%	$7.0M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5906	−0.168%	$4.7M	$995K	20x	as long as short
Backpack EDGE_USDC_PERPshort	+0.0100%	1h	0.5917	+0.009%	$60K	$100K	3.3x
Variational Omni EDGE	+0.0100%	4h	0.5893	−0.382%	$192K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5909	−0.120%	$8K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5908	−0.134%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6181	+4.480%	$4K	$605K	10x	as long as short
KuCoin EDGEUSDTM	+0.0240%	4h	0.5916	+0.001%	$2.1M	$2.3M	50x	as long as short
Extended EDGE-USD	+0.0456%	1h	0.5920	+0.069%	$27K	$230K	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	+0.0457%	4h	0.5918	+0.035%	$630K	$126K	50x	as long as short
MEXC EDGE_USDT	+0.0458%	4h	0.5918	+0.035%	$1.2M	$919K	50x	as long as short
Binance EDGEUSDT	+0.0458%	4h	0.5923	+0.119%	$10.1M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0472%	4h	0.5905	−0.181%	$68K	$136K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0511%	4h	0.5913	−0.050%	$3K	—	10x	as long as short
edgeX EDGEUSDClong	+0.0530%	4h	0.5916	long leg	$14.1M	$3.4M	30x
OKX EDGE-USDT-SWAP	+0.0538%	4h	0.5926	+0.170%	$3.6M	$5.8M	20x	as long as short