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

EDGE

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h +0.086%
Price spread now: Extended against GRVT−0.194%7-day average −0.118% · 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+0.253%+$25 on $10k
Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.194%, 7d avg −0.118%
Together, before fees+0.355%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.076% cheaper against GRVT than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of −0.118%). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.253% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.253% in total (about 13.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT EDGE_USDT_Perp0.59550.0100pay 0.0050% / 4h3h 43m$5K$1.9M10x
ShortExtended EDGE-USD0.59430.0616get 0.0077% / 1h43m 10s$27K$224K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against GRVT. 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
$108.36
Price spread: −0.194% → −0.118%
−$7.64
Slippage, 4 orders
no order book: not counted
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$86.72
Costs to cover
0.140%
Break-even
1.4 days
Slippage unknown: GRVT: live order book, 5 min ago; Extended: live order book, 29 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 GRVT live order book, 5 min ago5.05 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 29 min ago4.87 bp113.9 bp −$114doesn'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−0.0139%1h0.5936−0.317%$56K$101K3.3xas long as short
Lighter EDGE+0.0096%1h0.5932−0.388%$49K$14K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5936−0.316%$7.0M$3.3M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5946−0.148%$2.1M$2.2M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.5939−0.265%$4.8M$1.0M20xas long as short
Variational Omni EDGE+0.0100%4h0.5941−0.239%$190K$127Kas long as short
GRVT EDGE_USDT_Perplong+0.0100%4h0.5955long leg$5K$1.9M10x
ApeX Omni EDGEUSDT+0.0100%1h0.5958+0.054%$9K$290K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5898−0.954%$3K$613K10xas long as short
Aster EDGEUSDT+0.0590%4h0.5944−0.181%$68K$133K5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EDGE-USDT-SWAP+0.0594%4h0.5945−0.165%$3.7M$5.8M20xas long as short
MEXC EDGE_USDT+0.0614%4h0.5947−0.131%$1.2M$912K50xas long as short
Binance EDGEUSDT+0.0614%4h0.5946−0.148%$10.1M$10.1M50xas long as short
Extended EDGE-USDshort+0.0616%1h0.5943−0.194%$27K$224K5x
edgeX EDGEUSDC+0.0620%4h0.5955−0.003%$14.2M$3.5M30xas long as short
BloFin EDGE-USDT+0.0635%4h0.5940−0.249%$643K$95K50xas long as short
Orderly PERP_EDGE_USDC+0.0776%4h0.5944−0.181%$3K10xas long as short