Funding you earn now, next payment 00:00 UTC+0.0514%/8h= +56.3% APRpaid last 24h +0.196%
Price spread now: Aster against Backpack+0.244%7-day average +0.155% · 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−$383as in the Price arb table
costs, in and out, $10k−$3923.916% of the position
Funding, last 5 days (all we have)−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.244%, 7d avg +0.155%
=Together, before fees−0.059%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Aster is 0.089% dearer against Backpack than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.155%. Mind the row above: over the last 5 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.140% in total (about -9.6% 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 | Backpack EDGE_USDC_PERP | 0.5946 | 0.0100 | pay 0.0013% / 1h | 6m 48s | $58K | $101K | 3.3x |
| Short | Aster EDGEUSDT | 0.5960 | 0.0614 | get 0.0307% / 4h | 6m 48s | $69K | $133K | 5x |
Backpack EDGE_USDC_PERP
Aster EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Backpack. 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
- $107.98
- Price spread: +0.244% → +0.155%
- $8.93
- Slippage, 4 orders
- −$373.56
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$274.65
- Costs to cover
- 3.916%
- Break-even
- 24.8 days
Slippage from Backpack: live order book, 47 min ago; Aster: live order book, 4 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 Backpack live order book, 47 min ago | 5.84 bp | 19.1 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 7.56 bp | 39.3 bp −$39 | 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 | 0.5935 | −0.182% | $54K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5944 | −0.030% | $7.0M | $3.3M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5949 | +0.054% | $4.7M | $1.0M | 20x | as long as short |
| Backpack EDGE_USDC_PERPlong | +0.0100% | 1h | 0.5946 | long leg | $58K | $101K | 3.3x | |
| Variational Omni EDGE | +0.0100% | 4h | 0.5937 | −0.146% | $190K | $133K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5962 | +0.268% | $7K | $1.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5969 | +0.390% | $9K | $289K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5906 | −0.669% | $3K | $613K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0170% | 4h | 0.5950 | +0.071% | $2.1M | $2.2M | 50x | as long as short |
| BloFin EDGE-USDT | +0.0613% | 4h | 0.5952 | +0.104% | $643K | $95K | 50x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
KuCoin EDGEUSDTM
BloFin EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDTshort | +0.0614% | 4h | 0.5960 | +0.244% | $69K | $133K | 5x | |
| Extended EDGE-USD | +0.0624% | 1h | 0.5952 | +0.110% | $27K | $230K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0624% | 4h | 0.5951 | +0.087% | $1.2M | $916K | 50x | as long as short |
| Binance EDGEUSDT | +0.0626% | 4h | 0.5947 | +0.019% | $10.1M | $10.1M | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0681% | 4h | 0.5954 | +0.138% | $3.7M | $5.8M | 20x | as long as short |
| edgeX EDGEUSDC | +0.0682% | 4h | 0.5959 | +0.216% | $14.2M | $3.5M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0733% | 4h | 0.5950 | +0.071% | $3K | — | 10x | as long as short |
Extended EDGE-USD
MEXC EDGE_USDT
Binance EDGEUSDT
OKX EDGE-USDT-SWAP
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC