Settings8H · net · $10k
Funding arb · Price arb /

EDGE

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0358%/8h= −39.2% APRnext payment $1.79 per $10,000 · paid last 24h −0.061%
Price spread now: GRVT against edgeX−0.144%7-day average −0.021% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.106%−$11 on $10k
Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.144%, 7d avg −0.021%
Together, before fees−0.018%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and GRVT is 0.124% cheaper against edgeX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX EDGEUSDC0.59580.0458pay 0.0229% / 4h2h 54m$14.2M$3.6M30x
ShortGRVT EDGE_USDT_Perp0.59490.0100get 0.0050% / 4h2h 54m$2K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
−$75.18
Price spread: −0.144% → −0.021%
−$12.35
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$105.53
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 5 min ago; GRVT: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 5 min ago3.36 bp42.1 bp −$42147.7 bp −$1,477doesn't fitdoesn't fit
Sell GRVT live order book, 4 min ago18.46 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack EDGE_USDC_PERP−0.0656%1h0.5878−1.336%$59K$101K3.3xas long as short
Lighter EDGE+0.0096%1h0.5865−1.549%$49K$13K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5864−1.571%$7.0M$3.4M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5866−1.537%$2.1M$2.2M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.5874−1.403%$4.7M$1.0M20xas long as short
Variational Omni EDGE+0.0100%4h0.5910−0.797%$188K$128Kas long as short
GRVT EDGE_USDT_Perpshort+0.0100%4h0.5949−0.144%$2K$1.9M10x
ApeX Omni EDGEUSDT+0.0100%1h0.5950−0.127%$11K$296K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5842−1.940%$4K$617K10xas long as short
OKX EDGE-USDT-SWAP+0.0423%4h0.5882−1.269%$3.6M$5.7M20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX EDGEUSDClong+0.0458%4h0.5958long leg$14.2M$3.6M30x
Aster EDGEUSDT+0.0493%4h0.5855−1.714%$67K$132K5xas long as short
BloFin EDGE-USDT+0.0515%4h0.5861−1.621%$643K$96K50xas long as short
Extended EDGE-USD+0.0528%1h0.5878−1.333%$27K$194K5xas long as short
Binance EDGEUSDT+0.0529%4h0.5879−1.319%$10.0M$10.4M50xas long as short
MEXC EDGE_USDT+0.0542%4h0.5878−1.336%$1.1M$909K50xas long as short
Orderly PERP_EDGE_USDC+0.0761%4h0.5867−1.520%$3K10xas long as short