Funding you earn now, next payment 05:00 UTC−0.0367%/8h= −40.2% APRpaid last 24h −0.235%
Price spread now: Backpack against Aster+0.022%45s7-day average −0.148% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2872.873% of the position
Funding, last 6 days (all we have)+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)−0.353%−$35 · spread now +0.022%, 7d avg −0.148%
=Together, before fees−0.259%+ Points / potential airdropAster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.169% dearer against Aster than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.148%): +$17 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 37 hours. Mind the row above: over the last 6 days funding on this pair paid +0.094%, so the current rate has only just turned against you. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.094% in total (about 6.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster EDGEUSDT | 0.5983 | 0.0467 | pay 0.0234% / 4h | 3h 12m | $53K | $155K | 5x |
| Short | Backpack EDGE_USDC_PERP | 0.5984 | 0.0100 | get 0.0013% / 1h | 12m 24s | $58K | $113K | 3.3x |
Aster EDGEUSDT
Backpack EDGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- −$77.17
- Price spread: +0.022% → −0.148%
- $16.94
- Slippage, 4 orders
- −$269.27
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$347.5
- Costs to cover
- 2.873%
- Break-even
- never at this rate
Slippage from Aster: live order book, 39 min ago; Backpack: live order book, 17 min ago.
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 Aster live order book, 39 min ago | 5.89 bp | 62.7 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 17 min ago | 3.11 bp | 14.6 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.5975 | −0.142% | $44K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5976 | −0.117% | $7.2M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5977 | −0.100% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5981 | −0.034% | $4.8M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERPshort | +0.0100% | 1h | 0.5984 | +0.022% | $58K | $113K | 3.3x | |
| Variational Omni EDGE | +0.0100% | 4h | 0.5991 | +0.141% | $191K | $142K | — | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6015 | +0.535% | $9K | $305K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5949 | −0.568% | $4K | $627K | 10x | as long as short |
| GRVT EDGE_USDT_Perp | +0.0198% | 4h | 0.5992 | +0.150% | $2K | $2.6M | 10x | as long as short |
| Aster EDGEUSDTlong | +0.0467% | 4h | 0.5983 | long leg | $53K | $155K | 5x |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
ApeX Omni EDGEUSDT
SunX EDGE-USDT
GRVT EDGE_USDT_PerpShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EDGE_USDT | +0.0534% | 4h | 0.5981 | −0.034% | $1.1M | $866K | 50x | as long as short |
| Extended EDGE-USD | +0.0536% | 1h | 0.5975 | −0.129% | $28K | $122K | 5x | as long as short |
| Binance EDGEUSDT | +0.0536% | 4h | 0.5976 | −0.117% | $10.2M | $10.5M | 50x | as long as short |
| BloFin EDGE-USDT | +0.0544% | 4h | 0.5980 | −0.050% | $660K | $104K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0589% | 4h | 0.5972 | −0.184% | $3K | $1K | 10x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0600% | 4h | 0.5972 | −0.184% | $3.8M | $5.8M | 20x | as long as short |
| edgeX EDGEUSDC | +0.0624% | 4h | 0.5998 | +0.253% | $14.4M | $3.7M | 30x | as long as short |
MEXC EDGE_USDT
Extended EDGE-USD
Binance EDGEUSDT
BloFin EDGE-USDT
Orderly PERP_EDGE_USDC
OKX EDGE-USDT-SWAP
edgeX EDGEUSDC