EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0207%/8h= +22.7% APRnext payment +$1.04 per $10,000 · paid last 24h +0.025%

Price spread now: Orderly against Binance−0.186%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.186% cheaper against Binance than usual: you would sell low and buy high (spread −0.186% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 3.0 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EDGEUSDT	0.5911	0.0493	pay 0.0246% / 4h	2h 00m	$10.1M	$10.4M	50x
Short	Orderly PERP_EDGE_USDC	0.5900	0.0700	get 0.0350% / 4h	2h 00m	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now −0.186%Rate

Funding earned: $43.52
Price spread: −0.186% → 0.000%: −$18.61
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.92
Costs to cover: 0.160%
Break-even: 5.6 days

Slippage unknown: Binance: live order book, 9 min ago; Orderly: no order-book sample. Net counts fees only.

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 Binance live order book, 9 min ago	0.85 bp	26.3 bp −$26	248.3 bp −$2,483	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.5893	−0.311%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5906	−0.085%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5906	−0.085%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5910	−0.017%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5901	−0.174%	$58K	$103K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5898	−0.212%	$192K	$131K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5911	+0.004%	$4K	$2.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5916	+0.085%	$9K	$303K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5871	−0.677%	$3K	$617K	10x	as long as short
edgeX EDGEUSDC	+0.0453%	4h	0.5922	+0.179%	$14.2M	$3.6M	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0454%	4h	0.5924	+0.220%	$3.6M	$5.8M	20x	as long as short
MEXC EDGE_USDT	+0.0492%	4h	0.5913	+0.034%	$1.1M	$913K	50x	as long as short
Binance EDGEUSDTlong	+0.0493%	4h	0.5911	long leg	$10.1M	$10.4M	50x
Extended EDGE-USD	+0.0496%	1h	0.5914	+0.044%	$27K	$195K	5x	as long as short
Aster EDGEUSDT	+0.0500%	4h	0.5910	−0.020%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDCshort	+0.0700%	4h	0.5900	−0.186%	$3K	—	10x