EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0250%/8h= +27.3% APRnext payment +$1.25 per $10,000 · paid last 24h +0.027%

Price spread now: Orderly against BloFin−0.323%472s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.323% cheaper against BloFin than usual: you would sell low and buy high (spread −0.323% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 4.3 days of funding at the current rate (+$7 a day). The two prices were read 472 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin EDGE-USDT	0.5887	0.0503	pay 0.0251% / 4h	2h 40m	$655K	$97K	50x
Short	Orderly PERP_EDGE_USDC	0.5868	0.0753	get 0.0376% / 4h	2h 40m	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now −0.323%Rate

Funding earned: $52.45
Price spread: −0.323% → 0.000%: −$32.27
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.17
Costs to cover: 0.180%
Break-even: 6.7 days

Slippage unknown: BloFin: live order book, 26 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 BloFin live order book, 26 min ago	2.49 bp	26.1 bp −$26	doesn't fit	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 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
Lighter EDGE	+0.0096%	1h	0.5843	−0.742%	$47K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5841	−0.781%	$7.0M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5873	−0.238%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5854	−0.561%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5864	−0.384%	$60K	$102K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5858	−0.500%	$190K	$126K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5889	+0.028%	$2K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5914	+0.459%	$9K	$303K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5859	−0.476%	$4K	$620K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0395%	4h	0.5855	−0.544%	$3.6M	$5.8M	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	+0.0418%	4h	0.5911	+0.408%	$14.1M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0485%	4h	0.5869	−0.306%	$67K	$132K	5x	as long as short
BloFin EDGE-USDTlong	+0.0503%	4h	0.5887	long leg	$655K	$97K	50x
Binance EDGEUSDT	+0.0504%	4h	0.5853	−0.575%	$10.0M	$10.4M	50x	as long as short
Extended EDGE-USD	+0.0520%	1h	0.5861	−0.441%	$27K	$188K	5x	as long as short
MEXC EDGE_USDT	+0.0526%	4h	0.5856	−0.527%	$1.1M	$911K	50x	as long as short
Orderly PERP_EDGE_USDCshort	+0.0753%	4h	0.5868	−0.323%	$3K	—	10x