Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0188%/8hpaid last 24h +0.051%

Price spread now: Extended against Bitget+0.069%7-day average +0.013% · you sell dearer than you buy

to open and close $10k−$242fees + slippage, both legs, in and out

costs, in % of the position2.421%what the two incomes have to cover

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.216%+$22 on $10k

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.069%, 7d avg +0.013%

Together, before fees+0.234%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.056% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.5965	0.0100	pay 0.0050% / 4h	45m 08s	$4.7M	$949K	20x
Short	Extended EDGE-USD	0.5969	0.0288	get 0.0036% / 1h	45m 08s	$27K	$230K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now +0.069%Rate

Funding earned: $39.48
Price spread: +0.069% → +0.013%: $5.61
Slippage, 4 orders: −$225.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$197.03
Costs to cover: 2.421%
Break-even: 41.9 days

Slippage from Bitget: live order book, 7 min ago; Extended: live order book, 6 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 Bitget live order book, 7 min ago	5.85 bp	39.3 bp −$39	349.1 bp −$3,491	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	4.66 bp	151.3 bp −$151	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
Backpack EDGE_USDC_PERP	−0.1393%	1h	0.5968	+0.057%	$57K	$113K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5960	−0.075%	$55K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5965	0.000%	$7.0M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5980	+0.251%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTlong	+0.0100%	4h	0.5965	long leg	$4.7M	$949K	20x
Variational Omni EDGE	+0.0100%	4h	0.5996	+0.518%	$180K	$111K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6011	+0.771%	$2K	$1.4M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6009	+0.738%	$1K	$288K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6263	+4.996%	$4K	$578K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0176%	4h	0.5974	+0.151%	$3.7M	$5.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0194%	4h	0.6008	+0.728%	$14.4M	$3.5M	30x	as long as short
Extended EDGE-USDshort	+0.0288%	1h	0.5969	+0.069%	$27K	$230K	5x
Binance EDGEUSDT	+0.0289%	4h	0.5973	+0.134%	$10.1M	$9.7M	50x	as long as short
MEXC EDGE_USDT	+0.0292%	4h	0.5968	+0.050%	$1.2M	$916K	50x	as long as short
BloFin EDGE-USDT	+0.0317%	4h	0.5980	+0.251%	$657K	$127K	50x	as long as short
Aster EDGEUSDT	+0.0333%	4h	0.5995	+0.504%	$69K	$131K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0503%	4h	0.5979	+0.235%	$3K	—	10x	as long as short