EDGE

Alert

Funding spread now, next payment 19:00 UTC+0.1669%/8h

paid, last 24h+0.100%paid, last 5 days−0.114%to open and close $10k−$62

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.114% in total (about -8.2% 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	Backpack EDGE_USDC_PERP	0.5932	−0.1249	get 0.0156% / 1h	36m 21s	$60K	$111K	3.3x
Short	MEXC EDGE_USDT	0.5932	0.0420	get 0.0210% / 4h	1h 36m	$1.2M	$925K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee MEXCbpOrdersRate

Funding earned: $350.54
Slippage, 4 orders: −$43.69
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: $288.86
Break-even: 1.2 days

Slippage from Backpack: live order book, 14 min ago; MEXC: live order book, 1 min ago.

Price risk

price view

Price gap now: 0.000%
Avg gap 7d: +0.155%

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, 14 min ago	2.27 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.84 bp	9.6 bp −$10	73.1 bp −$731	248.4 bp −$24.8K	838.9 bp −$419.4K

EDGE on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack EDGE_USDC_PERPlong	−0.1249%	1h	$60K	$111K	3.3x
Lighter EDGE	+0.0096%	1h	$55K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	$6.9M	$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	$4.7M	$950K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	$178K	$107K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	$1K	$289K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	$4K	$572K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0187%	4h	$3.6M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0213%	4h	$14.2M	$3.3M	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0406%	4h	$649K	$124K	50x	as long as short
Binance EDGEUSDT	+0.0409%	4h	$10.0M	$9.7M	50x	as long as short
MEXC EDGE_USDTshort	+0.0420%	4h	$1.2M	$925K	50x
Extended EDGE-USD	+0.0424%	1h	$27K	$230K	5x	as long as short
Aster EDGEUSDT	+0.0484%	4h	$68K	$135K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0663%	4h	$3K	—	10x	as long as short