EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.118%

Price spread now: Backpack against Lighter+0.276%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.751%+$75 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.276% dearer against Lighter than usual: you sell high and buy low, +$28 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EDGE	0.5911	0.0096	pay 0.0012% / 1h	0m 38s	$55K	$8K	3x
Short	Backpack EDGE_USDC_PERP	0.5927	0.0100	get 0.0013% / 1h	0m 38s	$60K	$99K	3.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee BackpackbpOrdersPrice spread, now +0.276%Rate

Funding earned: $0.84
Price spread: +0.276% → 0.000%: $27.58
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $18.42
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; 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 Lighter no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Lighter and 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 EDGElong	+0.0096%	1h	0.5911	long leg	$55K	$8K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5922	+0.193%	$7.0M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5923	+0.210%	$4.7M	$999K	20x	as long as short
Backpack EDGE_USDC_PERPshort	+0.0100%	1h	0.5927	+0.276%	$60K	$99K	3.3x
Variational Omni EDGE	+0.0100%	4h	0.5881	−0.497%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5893	−0.298%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5919	+0.142%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5880	−0.518%	$4K	$611K	10x	as long as short
KuCoin EDGEUSDTM	+0.0264%	4h	0.5930	+0.328%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0478%	4h	0.5929	+0.311%	$637K	$126K	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-USD	+0.0536%	1h	0.5930	+0.325%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0536%	4h	0.5929	+0.311%	$1.2M	$922K	50x	as long as short
Binance EDGEUSDT	+0.0551%	4h	0.5927	+0.277%	$10.1M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0570%	4h	0.5932	+0.362%	$68K	$136K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0608%	4h	0.5924	+0.227%	$3K	—	10x	as long as short
edgeX EDGEUSDC	+0.0616%	4h	0.5912	+0.031%	$14.1M	$3.4M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0646%	4h	0.5934	+0.396%	$3.7M	$5.9M	20x	as long as short