EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0379%/8h= −41.5% APRnext payment −$1.90 per $10,000 · paid last 24h −0.038%

Price spread now: Variational Omni against OKX+0.491%7-day average −0.076% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.303%−$30 · spread now +0.491%, 7d avg −0.076%

Together, before fees−0.363%+ Points / potential airdropVariational Omni: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.567% dearer against OKX than usual: you sell high and buy low (spread +0.491% now, against its 7-day average of −0.076%): +$57 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 3 days (−0.060% in total) that is about 32 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.060% in total (about -6.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EDGE-USDT-SWAP	0.5923	0.0479	pay 0.0240% / 4h	2h 31m	$3.7M	$5.8M	20x
Short	Variational Omni EDGE	0.5952	0.0100	get 0.0050% / 4h	2h 31m	$194K	$128K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now +0.491%Rate

Funding earned: −$79.63
Price spread: +0.491% → −0.076%: $56.72
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.91
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 min ago; Variational Omni: RFQ quote, 37 min ago. 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 OKX live order book, 1 min ago	2.53 bp	30.0 bp −$30	151.1 bp −$1,511	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 37 min ago	7.48 bp	doesn't fit	333.3 bp −$3,333	doesn't fit	doesn't fit

EDGE on 16 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	0.5911	−0.198%	$44K	$18K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5914	−0.152%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5920	−0.051%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5918	−0.084%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5924	+0.012%	$58K	$105K	3.3x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5952	+0.491%	$194K	$128K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5910	−0.219%	$11K	$2.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5957	+0.574%	$9K	$304K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5899	−0.405%	$4K	$621K	10x	as long as short
edgeX EDGEUSDC	+0.0433%	4h	0.5962	+0.652%	$14.3M	$3.6M	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAPlong	+0.0479%	4h	0.5923	long leg	$3.7M	$5.8M	20x
Binance EDGEUSDT	+0.0520%	4h	0.5923	−0.003%	$10.1M	$10.4M	50x	as long as short
Aster EDGEUSDT	+0.0522%	4h	0.5926	+0.046%	$68K	$132K	5x	as long as short
Extended EDGE-USD	+0.0528%	1h	0.5919	−0.060%	$27K	$194K	5x	as long as short
MEXC EDGE_USDT	+0.0530%	4h	0.5922	−0.017%	$1.1M	$911K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0740%	4h	0.5923	0.000%	$3K	—	10x	as long as short