Funding you earn now, next payment 22:00 UTC−0.0555%/8h= −60.7% APRpaid last 24h −0.167%
Price spread now: Backpack against MEXC−0.036%7-day average −0.153% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.531%+$53 on $10k
+Price spread, last 3 days (all we have)−0.236%−$24 · spread now −0.036%, 7d avg −0.153%
=The price spread pays, funding is against you. Backpack is 0.118% dearer against MEXC than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.153%): +$12 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.531%, 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 | MEXC EDGE_USDT | 0.5872 | 0.0410 | pay 0.0205% / 4h | 2h 13m | $1.2M | $930K | 50x |
| Short | Backpack EDGE_USDC_PERP | 0.5870 | −0.0145 | pay 0.0018% / 1h | 13m 26s | $59K | $100K | 3.3x |
MEXC EDGE_USDT
Backpack EDGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- −$116.45
- Price spread: −0.036% → −0.153%
- $11.77
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$122.68
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 0.85 bp | 9.5 bp −$9 | 74.3 bp −$743 | 254.6 bp −$25.5K | 817.1 bp −$408.5K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack EDGE_USDC_PERPshort | −0.0145% | 1h | 0.5870 | −0.036% | $59K | $100K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5855 | −0.295% | $54K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5864 | −0.136% | $7.0M | $3.2M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5868 | −0.068% | $4.7M | $990K | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5862 | −0.166% | $191K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5876 | +0.069% | $2K | $1.7M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5871 | −0.017% | $8K | $295K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6133 | +4.445% | $4K | $602K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0154% | 4h | 0.5867 | −0.085% | $2.1M | $2.3M | 50x | as long as short |
| Aster EDGEUSDT | +0.0387% | 4h | 0.5866 | −0.106% | $67K | $134K | 5x | 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
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin EDGE-USDT | +0.0399% | 4h | 0.5868 | −0.068% | $629K | $126K | 50x | as long as short |
| Extended EDGE-USD | +0.0408% | 1h | 0.5866 | −0.098% | $27K | $230K | 5x | as long as short |
| MEXC EDGE_USDTlong | +0.0410% | 4h | 0.5872 | long leg | $1.2M | $930K | 50x | |
| Binance EDGEUSDT | +0.0411% | 4h | 0.5873 | +0.016% | $10.0M | $10.0M | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0423% | 4h | 0.5872 | 0.000% | $3.6M | $5.7M | 20x | as long as short |
| edgeX EDGEUSDC | +0.0427% | 4h | 0.5868 | −0.074% | $14.0M | $3.4M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0458% | 4h | 0.5867 | −0.085% | $3K | — | 10x | as long as short |
BloFin EDGE-USDT
Extended EDGE-USD
Binance EDGEUSDT
OKX EDGE-USDT-SWAP
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC