EDGE

Alert

Funding spread now, next payment 19:00 UTC+0.1705%/8h

paid, last 24h+0.099%paid, last 5 days−0.114%to open and close $10k−$104

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.114% in total (about -8.1% 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	0.5976	−0.1383	get 0.0173% / 1h	16m 24s	$60K	$111K	3.3x
Short	Binance EDGEUSDT	0.5982	0.0322	get 0.0161% / 4h	1h 16m	$10.1M	$9.7M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee BinancebpOrdersRate

Funding earned: $357.98
Slippage, 4 orders: −$84.13
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $253.85
Break-even: 2.0 days

Slippage from Backpack: live order book, 34 min ago; Binance: live order book, 10 min ago.

Price risk

price view

Price gap now: +0.103%
Avg gap 7d: +0.163%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 34 min ago	2.27 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.84 bp	36.4 bp −$36	194.2 bp −$1,942	doesn't fit	doesn't fit

EDGE on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack EDGE_USDC_PERPlong	−0.1383%	1h	$60K	$111K	3.3x
Lighter EDGE	+0.0096%	1h	$55K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	$7.0M	$3.1M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	$4.8M	$936K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	$176K	$108K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	$1K	$289K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	$4K	$574K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0109%	4h	$3.7M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0115%	4h	$14.2M	$3.4M	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0318%	4h	$1.2M	$926K	50x	as long as short
Extended EDGE-USD	+0.0320%	1h	$27K	$230K	5x	as long as short
Binance EDGEUSDTshort	+0.0322%	4h	$10.1M	$9.7M	50x
BloFin EDGE-USDT	+0.0327%	4h	$653K	$125K	50x	as long as short
Aster EDGEUSDT	+0.0395%	4h	$68K	$135K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0607%	4h	$3K	—	10x	as long as short