Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.028%

Price spread now: OKX against Extended+0.130%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$2032.027% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.130%, 7d avg +0.076%

Together, before fees−0.202%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.054% dearer against Extended than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of +0.076%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.6018	0.0552	pay 0.0069% / 1h	16m 55s	$27K	$192K	5x
Short	OKX EDGE-USDT-SWAP	0.6026	0.0446	get 0.0223% / 4h	3h 16m	$3.7M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Extended. 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 ExtendedbpFee OKXbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$22.32
Price spread: +0.130% → +0.076%: $5.42
Slippage, 4 orders: −$187.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$219.59
Costs to cover: 2.027%
Break-even: never at this rate

Slippage from Extended: live order book, 55 min ago; OKX: live order book, 1 min ago.

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, 55 min ago	4.87 bp	31.5 bp −$32	454.2 bp −$4,542	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	4.16 bp	27.0 bp −$27	164.3 bp −$1,643	doesn't fit	doesn't fit

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	0.5993	−0.425%	$50K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.6014	−0.070%	$7.2M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.6010	−0.136%	$2.2M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.6020	+0.030%	$4.8M	$1.0M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6011	−0.126%	$57K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5968	−0.842%	$191K	$127K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5981	−0.613%	$14K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5989	−0.485%	$9K	$293K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5972	−0.768%	$3K	$615K	10x	as long as short
edgeX EDGEUSDC	+0.0435%	4h	0.5981	−0.626%	$14.3M	$3.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAPshort	+0.0446%	4h	0.6026	+0.130%	$3.7M	$5.9M	20x
BloFin EDGE-USDT	+0.0512%	4h	0.6006	−0.203%	$652K	$95K	50x	as long as short
Aster EDGEUSDT	+0.0532%	4h	0.6015	−0.049%	$69K	$133K	5x	as long as short
MEXC EDGE_USDT	+0.0546%	4h	0.6023	+0.080%	$1.2M	$913K	50x	as long as short
Extended EDGE-USDlong	+0.0552%	1h	0.6018	long leg	$27K	$192K	5x
Binance EDGEUSDT	+0.0552%	4h	0.6023	+0.080%	$10.3M	$10.3M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0782%	4h	0.6001	−0.286%	$3K	—	10x	as long as short