Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.026%

Price spread now: Orderly against Extended+0.019%7-day average — · you sell dearer than you buy

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

Long on Extended 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—+ Points / potential airdropExtended: 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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5856	0.0456	pay 0.0057% / 1h	22m 55s	$27K	$230K	5x
Short	Orderly PERP_EDGE_USDC	0.5857	0.0558	get 0.0279% / 4h	1h 22m	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.019%Rate

Funding earned: $21.39
Price spread: +0.019% → 0.000%: $1.88
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $12.27
Costs to cover: 0.110%
Break-even: 3.0 days

Slippage unknown: Extended: live order book, 59 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 Extended live order book, 59 min ago	4.51 bp	48.0 bp −$48	487.2 bp −$4,872	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
Lighter EDGE	+0.0096%	1h	0.5841	−0.254%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5850	−0.101%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5856	+0.002%	$4.7M	$1.0M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5857	+0.019%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5825	−0.532%	$189K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5838	−0.313%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5846	−0.169%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5810	−0.784%	$4K	$609K	10x	as long as short
KuCoin EDGEUSDTM	+0.0168%	4h	0.5858	+0.036%	$2.1M	$2.3M	50x	as long as short
MEXC EDGE_USDT	+0.0450%	4h	0.5860	+0.070%	$1.2M	$920K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USDlong	+0.0456%	1h	0.5856	long leg	$27K	$230K	5x
Binance EDGEUSDT	+0.0457%	4h	0.5861	+0.092%	$10.0M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0469%	4h	0.5866	+0.180%	$67K	$136K	5x	as long as short
BloFin EDGE-USDT	+0.0485%	4h	0.5865	+0.155%	$635K	$125K	50x	as long as short
edgeX EDGEUSDC	+0.0514%	4h	0.5834	−0.376%	$13.9M	$3.4M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0518%	4h	0.5867	+0.190%	$3.6M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDCshort	+0.0558%	4h	0.5857	+0.019%	$3K	—	10x