EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0217%/8h= −23.8% APRnext payment −$1.09 per $10,000 · paid last 24h −0.025%

Price spread now: Binance against Orderly+0.084%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Binance

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—needs both histories

The price spread pays, funding is against you. Binance is 0.084% dearer against Orderly than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5849	0.0760	pay 0.0380% / 4h	2h 54m	$3K	—	10x
Short	Binance EDGEUSDT	0.5854	0.0543	get 0.0272% / 4h	2h 54m	$10.0M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.084%Rate

Funding earned: −$45.64
Price spread: +0.084% → 0.000%: $8.42
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 15 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 Binance live order book, 15 min ago	0.83 bp	28.8 bp −$29	166.6 bp −$1,666	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	−0.0866%	1h	0.5850	+0.017%	$59K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5840	−0.156%	$48K	$13K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5844	−0.085%	$7.0M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5846	−0.051%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5849	0.000%	$4.7M	$1.0M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5910	+1.044%	$188K	$128K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5949	+1.710%	$2K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5950	+1.727%	$11K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5813	−0.615%	$3K	$614K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0432%	4h	0.5865	+0.274%	$3.6M	$5.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0458%	4h	0.5958	+1.856%	$14.2M	$3.6M	30x	as long as short
BloFin EDGE-USDT	+0.0515%	4h	0.5861	+0.205%	$643K	$96K	50x	as long as short
Aster EDGEUSDT	+0.0522%	4h	0.5856	+0.125%	$67K	$132K	5x	as long as short
MEXC EDGE_USDT	+0.0542%	4h	0.5855	+0.103%	$1.1M	$909K	50x	as long as short
Binance EDGEUSDTshort	+0.0543%	4h	0.5854	+0.084%	$10.0M	$10.4M	50x
Extended EDGE-USD	+0.0544%	1h	0.5852	+0.045%	$27K	$194K	5x	as long as short
Orderly PERP_EDGE_USDClong	+0.0760%	4h	0.5849	long leg	$3K	—	10x