EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.51 per $10,000 · paid last 24h −0.070%

Price spread now: OKX against Orderly+0.557%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 OKX

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.557% dearer against Orderly than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5929	0.0621	pay 0.0311% / 4h	56m 43s	$3K	—	10x
Short	OKX EDGE-USDT-SWAP	0.5962	0.0723	get 0.0362% / 4h	56m 43s	$3.7M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.557%Rate

Funding earned: $21.46
Price spread: +0.557% → 0.000%: $55.66
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $61.12
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	2.53 bp	21.6 bp −$22	138.3 bp −$1,383	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	0.5934	+0.089%	$55K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5929	0.000%	$7.0M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5930	+0.017%	$4.7M	$1.0M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5939	+0.174%	$60K	$99K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5911	−0.309%	$192K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5923	−0.102%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5934	+0.084%	$8K	$290K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6203	+4.621%	$4K	$610K	10x	as long as short
KuCoin EDGEUSDTM	+0.0258%	4h	0.5933	+0.067%	$2.1M	$2.3M	50x	as long as short
MEXC EDGE_USDT	+0.0560%	4h	0.5941	+0.202%	$1.2M	$914K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0568%	1h	0.5943	+0.242%	$27K	$230K	5x	as long as short
Binance EDGEUSDT	+0.0573%	4h	0.5952	+0.388%	$10.1M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0582%	4h	0.5932	+0.051%	$68K	$136K	5x	as long as short
BloFin EDGE-USDT	+0.0605%	4h	0.5930	+0.017%	$636K	$126K	50x	as long as short
Orderly PERP_EDGE_USDClong	+0.0621%	4h	0.5929	long leg	$3K	—	10x
edgeX EDGEUSDC	+0.0652%	4h	0.5931	+0.034%	$14.2M	$3.4M	30x	as long as short
OKX EDGE-USDT-SWAPshort	+0.0723%	4h	0.5962	+0.557%	$3.7M	$5.9M	20x