EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0465%/8h= −51.0% APRnext payment −$2.33 per $10,000 · paid last 24h −0.104%

Price spread now: Variational Omni against Orderly−0.160%7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Variational Omni is 0.160% cheaper against Orderly than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5970	0.0565	pay 0.0283% / 4h	30m 59s	$3K	—	10x
Short	Variational Omni EDGE	0.5960	0.0100	get 0.0050% / 4h	30m 59s	$189K	$136K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.160%Rate

Funding earned: −$97.72
Price spread: −0.160% → 0.000%: −$15.99
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$119.71
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 28 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 Variational Omni RFQ quote, 28 min ago	5.10 bp	doesn't fit	345.0 bp −$3,450	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	−0.0127%	1h	0.5967	−0.050%	$57K	$110K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5959	−0.186%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5960	−0.168%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5960	−0.168%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5967	−0.050%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5960	−0.160%	$189K	$136K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5992	+0.375%	$5K	$2.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5978	+0.134%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5925	−0.754%	$3K	$627K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0413%	4h	0.5972	+0.034%	$3.7M	$5.9M	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	+0.0414%	4h	0.5984	+0.228%	$14.3M	$3.6M	30x	as long as short
MEXC EDGE_USDT	+0.0418%	4h	0.5971	+0.017%	$1.1M	$890K	50x	as long as short
Binance EDGEUSDT	+0.0420%	4h	0.5970	−0.004%	$10.3M	$10.5M	50x	as long as short
Extended EDGE-USD	+0.0424%	1h	0.5964	−0.101%	$27K	$193K	5x	as long as short
BloFin EDGE-USDT	+0.0459%	4h	0.5966	−0.067%	$654K	$103K	50x	as long as short
Aster EDGEUSDT	+0.0480%	4h	0.5969	−0.017%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDClong	+0.0565%	4h	0.5970	long leg	$3K	—	10x