EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0256%/8h= −28.1% APRnext payment −$1.28 per $10,000 · paid last 24h −0.082%

Price spread now: Bitget against Orderly0.000%53s7-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 Bitget

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 53 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	0.5845	0.0356	pay 0.0178% / 4h	2h 59m	$3K	—	10x
Short	Bitget EDGEUSDT	0.5845	0.0100	get 0.0050% / 4h	2h 59m	$4.7M	$982K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$53.84
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.84
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	5.13 bp	41.5 bp −$41	279.9 bp −$2,799	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	−0.0437%	1h	0.5841	−0.075%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5830	−0.251%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5835	−0.171%	$6.9M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5841	−0.068%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5845	0.000%	$4.7M	$982K	20x
Variational Omni EDGE	+0.0100%	4h	0.5835	−0.178%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5849	+0.072%	$10K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5855	+0.171%	$1K	$292K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6110	+4.534%	$4K	$596K	10x	as long as short
edgeX EDGEUSDC	+0.0139%	4h	0.5850	+0.089%	$14.0M	$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	+0.0143%	4h	0.5841	−0.068%	$633K	$125K	50x	as long as short
Aster EDGEUSDT	+0.0156%	4h	0.5848	+0.051%	$67K	$134K	5x	as long as short
Extended EDGE-USD	+0.0176%	1h	0.5842	−0.045%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0178%	4h	0.5846	+0.017%	$1.2M	$918K	50x	as long as short
Binance EDGEUSDT	+0.0178%	4h	0.5849	+0.074%	$9.9M	$10.0M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0184%	4h	0.5851	+0.103%	$3.6M	$5.7M	20x	as long as short
Orderly PERP_EDGE_USDClong	+0.0356%	4h	0.5845	long leg	$3K	—	10x