EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0420%/8h= +46.0% APRnext payment +$0.52 per $10,000 · paid last 24h +0.198%

Price spread now: Extended against Backpack−0.046%7-day average +0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$1801.803% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.475%−$47 on $10k

Price spread, last 4 days (all we have)+0.271%+$27 · spread now −0.046%, 7d avg +0.089%

Together, before fees−0.204%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.134% cheaper against Backpack than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.089%). If the spread goes back, that is −$13 on $10k: about 26 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.475%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack EDGE_USDC_PERP	0.5926	0.0100	pay 0.0013% / 1h	24m 56s	$58K	$105K	3.3x
Short	Extended EDGE-USD	0.5923	0.0520	get 0.0065% / 1h	24m 56s	$27K	$194K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Backpack. 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 BackpackbpFee ExtendedbpOrdersPrice spread, now −0.046%Rate

Funding earned: $88.2
Price spread: −0.046% → +0.089%: −$13.44
Slippage, 4 orders: −$165.29
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$105.53
Costs to cover: 1.803%
Break-even: 15.4 days

Slippage from Backpack: live order book, 19 min ago; Extended: live order book, 41 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, 19 min ago	3.05 bp	17.0 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	3.42 bp	77.1 bp −$77	doesn't fit	doesn't fit	doesn't fit

EDGE on 16 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	0.5918	−0.120%	$44K	$18K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5918	−0.128%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5920	−0.095%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5920	−0.095%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERPlong	+0.0100%	1h	0.5926	long leg	$58K	$105K	3.3x
Variational Omni EDGE	+0.0100%	4h	0.5914	−0.204%	$194K	$128K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5931	+0.092%	$6K	$2.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5924	−0.027%	$9K	$303K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6187	+4.411%	$4K	$620K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0503%	4h	0.5929	+0.057%	$3.7M	$5.8M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0506%	4h	0.5937	+0.187%	$14.2M	$3.6M	30x	as long as short
Extended EDGE-USDshort	+0.0520%	1h	0.5923	−0.046%	$27K	$194K	5x
MEXC EDGE_USDT	+0.0522%	4h	0.5927	+0.024%	$1.1M	$912K	50x	as long as short
Binance EDGEUSDT	+0.0524%	4h	0.5928	+0.037%	$10.1M	$10.4M	50x	as long as short
Aster EDGEUSDT	+0.0526%	4h	0.5926	+0.014%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0728%	4h	0.5923	−0.044%	$3K	—	10x	as long as short