EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.47 per $10,000 · paid last 24h −0.064%

Price spread now: edgeX against Orderly+0.213%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 edgeX

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 airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.213% dearer against Orderly than usual: you sell high and buy low (spread +0.213% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5934	0.0643	pay 0.0321% / 4h	1h 15m	$3K	—	10x
Short	edgeX EDGEUSDC	0.5947	0.0548	get 0.0274% / 4h	1h 15m	$14.2M	$3.6M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$19.9
Price spread: +0.213% → 0.000%: $21.34
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.55
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; edgeX: 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 edgeX live order book, 4 min ago	4.20 bp	31.2 bp −$31	116.1 bp −$1,161	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
Lighter EDGE	+0.0096%	1h	0.5928	−0.103%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5929	−0.084%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5937	+0.051%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5934	0.000%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5941	+0.118%	$60K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5935	+0.014%	$189K	$135K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5944	+0.169%	$7K	$2.2M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5944	+0.169%	$9K	$306K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6215	+4.735%	$4K	$622K	10x	as long as short
Extended EDGE-USD	+0.0448%	1h	0.5938	+0.066%	$27K	$194K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0451%	4h	0.5939	+0.078%	$10.1M	$10.3M	50x	as long as short
MEXC EDGE_USDT	+0.0462%	4h	0.5939	+0.084%	$1.2M	$901K	50x	as long as short
BloFin EDGE-USDT	+0.0468%	4h	0.5941	+0.118%	$655K	$101K	50x	as long as short
Aster EDGEUSDT	+0.0494%	4h	0.5938	+0.064%	$68K	$128K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0522%	4h	0.5939	+0.084%	$3.7M	$5.8M	20x	as long as short
edgeX EDGEUSDCshort	+0.0548%	4h	0.5947	+0.213%	$14.2M	$3.6M	30x
Orderly PERP_EDGE_USDClong	+0.0643%	4h	0.5934	long leg	$3K	—	10x