EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.014%

Price spread now: Aster against Orderly−0.186%49s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Aster

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.186% cheaper against Orderly than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5882	0.0456	pay 0.0228% / 4h	2h 17m	$3K	—	10x
Short	Aster EDGEUSDT	0.5871	0.0407	get 0.0204% / 4h	2h 17m	$67K	$134K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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

Position, each leg$Hold fordaysFee OrderlybpFee AsterbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$10.39
Price spread: −0.186% → 0.000%: −$18.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.03
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	4.24 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack EDGE_USDC_PERP	−0.0182%	1h	0.5880	−0.036%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5865	−0.296%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5873	−0.153%	$7.0M	$3.2M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5877	−0.085%	$4.7M	$990K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5876	−0.108%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5887	+0.085%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5894	+0.204%	$8K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5836	−0.782%	$3K	$604K	10x	as long as short
KuCoin EDGEUSDTM	+0.0152%	4h	0.5875	−0.119%	$2.1M	$2.3M	50x	as long as short
edgeX EDGEUSDC	+0.0382%	4h	0.5885	+0.058%	$14.1M	$3.4M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0394%	4h	0.5885	+0.051%	$631K	$126K	50x	as long as short
Aster EDGEUSDTshort	+0.0407%	4h	0.5871	−0.186%	$67K	$134K	5x
Extended EDGE-USD	+0.0408%	1h	0.5874	−0.131%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0410%	4h	0.5880	−0.034%	$1.2M	$929K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0418%	4h	0.5882	0.000%	$3.6M	$5.7M	20x	as long as short
Binance EDGEUSDT	+0.0424%	4h	0.5877	−0.085%	$10.0M	$10.0M	50x	as long as short
Orderly PERP_EDGE_USDClong	+0.0456%	4h	0.5882	long leg	$3K	—	10x