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−0.0686%/8h= −75.1% APRpaid last 24h −0.104%
Price spread now: ApeX Omni against Orderly+0.083%50s7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. ApeX Omni is 0.083% dearer against Orderly than usual: you sell high and buy low (spread +0.083% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 10 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_EDGE_USDC0.60200.0786pay 0.0393% / 4h3h 15m$3K10x
ShortApeX Omni EDGEUSDT0.60250.0100get 0.0013% / 1h15m 29s$9K$294K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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
−$143.98
Price spread: +0.083% → 0.000%
$8.31
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$151.67
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 57 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 Orderly no order-book sample
Sell ApeX Omni live order book, 57 min ago25.93 bp201.5 bp −$202doesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter EDGE+0.0096%1h0.6018−0.035%$50K$14K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.6012−0.133%$7.2M$3.3M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.6021+0.017%$2.2M$2.2M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.6015−0.083%$4.8M$1.0M20xas long as short
Backpack EDGE_USDC_PERP+0.0100%1h0.6024+0.060%$57K$100K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.6009−0.182%$192K$127Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.6003−0.282%$495$1.9M10xas long as short
ApeX Omni EDGEUSDTshort+0.0100%1h0.6025+0.083%$9K$294K50x
SunX EDGE-USDT+0.0100%4h0.5972−0.797%$3K$614K10xas long as short
edgeX EDGEUSDC+0.0427%4h0.6014−0.104%$14.4M$3.6M30xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EDGE-USDT-SWAP+0.0461%4h0.6016−0.066%$3.7M$5.8M20xas long as short
BloFin EDGE-USDT+0.0512%4h0.6006−0.233%$652K$95K50xas long as short
Extended EDGE-USD+0.0552%1h0.6017−0.055%$27K$192K5xas long as short
MEXC EDGE_USDT+0.0552%4h0.6018−0.033%$1.2M$914K50xas long as short
Aster EDGEUSDT+0.0574%4h0.6028+0.133%$69K$133K5xas long as short
Binance EDGEUSDT+0.0575%4h0.6017−0.050%$10.3M$10.2M50xas long as short
Orderly PERP_EDGE_USDClong+0.0786%4h0.6020long leg$3K10x