Funding you earn now, next payment 22:00 UTC−0.0320%/8h= −35.0% APRpaid last 24h −0.112%
Price spread now: Backpack against SunX+0.789%7-day average −0.525% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.750%+$75 on $10k
+Price spread, last 3 days (all we have)−2.250%−$225 · spread now +0.789%, 7d avg −0.525%
=The price spread pays, funding is against you. Backpack is 1.314% dearer against SunX than usual: you sell high and buy low (spread +0.789% now, against its 7-day average of −0.525%): +$131 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 14 days. Mind the row above: over the last 7 days funding on this pair paid +0.750%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX EDGE-USDT | 0.5843 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $3K | $604K | 10x |
| Short | Backpack EDGE_USDC_PERP | 0.5889 | −0.0220 | pay 0.0027% / 1h | 19m 34s | $59K | $100K | 3.3x |
SunX EDGE-USDT
Backpack EDGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$67.12
- Price spread: +0.789% → −0.525%
- $131.43
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $46.31
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: SunX: live order book, 61 min ago; Backpack: no order-book sample. 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 SunX live order book, 61 min ago | 501.45 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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_PERPshort | −0.0220% | 1h | 0.5889 | +0.789% | $59K | $100K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5862 | +0.327% | $54K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5874 | +0.531% | $7.0M | $3.2M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5880 | +0.633% | $4.7M | $990K | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5876 | +0.559% | $191K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5878 | +0.594% | $2K | $1.7M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5894 | +0.873% | $8K | $295K | 50x | as long as short |
| SunX EDGE-USDTlong | +0.0100% | 4h | 0.5843 | long leg | $3K | $604K | 10x | |
| KuCoin EDGEUSDTM | +0.0140% | 4h | 0.5871 | +0.479% | $2.1M | $2.3M | 50x | as long as short |
| edgeX EDGEUSDC | +0.0356% | 4h | 0.5880 | +0.639% | $14.1M | $3.4M | 30x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
KuCoin EDGEUSDTM
edgeX EDGEUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EDGE_USDT | +0.0390% | 4h | 0.5879 | +0.616% | $1.2M | $929K | 50x | as long as short |
| Aster EDGEUSDT | +0.0390% | 4h | 0.5871 | +0.481% | $67K | $134K | 5x | as long as short |
| Binance EDGEUSDT | +0.0391% | 4h | 0.5881 | +0.653% | $10.0M | $10.0M | 50x | as long as short |
| Extended EDGE-USD | +0.0392% | 1h | 0.5875 | +0.547% | $27K | $230K | 5x | as long as short |
| BloFin EDGE-USDT | +0.0397% | 4h | 0.5883 | +0.685% | $631K | $126K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0403% | 4h | 0.5882 | +0.667% | $3.6M | $5.7M | 20x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0443% | 4h | 0.5893 | +0.856% | $3K | — | 10x | as long as short |
MEXC EDGE_USDT
Aster EDGEUSDT
Binance EDGEUSDT
Extended EDGE-USD
BloFin EDGE-USDT
OKX EDGE-USDT-SWAP
Orderly PERP_EDGE_USDC