Funding you earn now, next payment 23:00 UTC−0.0324%/8h= −35.5% APRnext payment −$0.41 per $10,000 · paid last 24h −0.175%
Price spread now: Backpack against Extended+0.219%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.519%+$52 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Backpack is 0.219% dearer against Extended than usual: you sell high and buy low (spread +0.219% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.519%, 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 | Extended EDGE-USD | 0.5904 | 0.0424 | pay 0.0053% / 1h | 41m 35s | $27K | $230K | 5x |
| Short | Backpack EDGE_USDC_PERP | 0.5917 | 0.0100 | get 0.0013% / 1h | 41m 35s | $60K | $100K | 3.3x |
Extended EDGE-USD
Backpack EDGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.04
- Price spread: +0.219% → 0.000%
- $21.86
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$61.18
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Extended: live order book, 40 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 Extended live order book, 40 min ago | 4.51 bp | 48.0 bp −$48 | 487.2 bp −$4,872 | 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 | 0.5899 | −0.085% | $55K | $8K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5903 | −0.015% | $7.0M | $3.3M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5912 | +0.137% | $4.7M | $995K | 20x | as long as short |
| Backpack EDGE_USDC_PERPshort | +0.0100% | 1h | 0.5917 | +0.219% | $60K | $100K | 3.3x | |
| Variational Omni EDGE | +0.0100% | 4h | 0.5856 | −0.812% | $191K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5873 | −0.523% | $8K | $1.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5878 | −0.439% | $8K | $295K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6184 | +4.744% | $4K | $605K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0248% | 4h | 0.5905 | +0.019% | $2.1M | $2.3M | 50x | as long as short |
| BloFin EDGE-USDT | +0.0388% | 4h | 0.5903 | −0.015% | $632K | $125K | 50x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
KuCoin EDGEUSDTM
BloFin EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EDGE-USDlong | +0.0424% | 1h | 0.5904 | long leg | $27K | $230K | 5x | |
| MEXC EDGE_USDT | +0.0424% | 4h | 0.5909 | +0.087% | $1.2M | $919K | 50x | as long as short |
| Binance EDGEUSDT | +0.0445% | 4h | 0.5913 | +0.154% | $10.0M | $10.1M | 50x | as long as short |
| Aster EDGEUSDT | +0.0469% | 4h | 0.5905 | +0.021% | $68K | $136K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0500% | 4h | 0.5916 | +0.205% | $3K | — | 10x | as long as short |
| edgeX EDGEUSDC | +0.0512% | 4h | 0.5901 | −0.046% | $14.1M | $3.4M | 30x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0530% | 4h | 0.5912 | +0.137% | $3.6M | $5.8M | 20x | as long as short |
MEXC EDGE_USDT
Binance EDGEUSDT
Aster EDGEUSDT
Orderly PERP_EDGE_USDC
edgeX EDGEUSDC
OKX EDGE-USDT-SWAP