EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0586%/8h= +64.2% APRnext payment +$2.93 per $10,000 · paid last 24h +0.144%

Price spread now: Orderly against Bybit+0.452%50s7-day average — · you sell dearer than you buy

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

Long on Bybit 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

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Orderly is 0.452% dearer against Bybit than usual: you sell high and buy low: +$45 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Bybit EDGEUSDT	0.5977	0.0100	pay 0.0050% / 4h	3h 34m	$7.3M	$3.4M	25x
Short	Orderly PERP_EDGE_USDC	0.6004	0.0686	get 0.0343% / 4h	3h 34m	$3K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now +0.452%Rate

Funding earned: $123.09
Price spread: +0.452% → 0.000%: $45.17
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $151.27
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	3.34 bp	135.8 bp −$136	376.9 bp −$3,769	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	0.5988	+0.186%	$44K	$22K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5977	long leg	$7.3M	$3.4M	25x
Bitget EDGEUSDT	+0.0100%	4h	0.5982	+0.084%	$4.8M	$1.2M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6006	+0.477%	$58K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5989	+0.193%	$189K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5991	+0.226%	$6K	$3.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5998	+0.351%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5951	−0.435%	$4K	$647K	10x	as long as short
KuCoin EDGEUSDTM	+0.0208%	4h	0.5995	+0.301%	$2.1M	$2.2M	50x	as long as short
Aster EDGEUSDT	+0.0422%	4h	0.5993	+0.263%	$52K	$150K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0585%	4h	0.5988	+0.184%	$3.8M	$6.2M	20x	as long as short
BloFin EDGE-USDT	+0.0589%	4h	0.6014	+0.619%	$674K	$107K	50x	as long as short
Extended EDGE-USD	+0.0608%	1h	0.5983	+0.099%	$27K	$270K	5x	as long as short
MEXC EDGE_USDT	+0.0608%	4h	0.5998	+0.351%	$1.1M	$719K	50x	as long as short
edgeX EDGEUSDC	+0.0608%	4h	0.5988	+0.183%	$14.4M	$3.7M	30x	as long as short
Binance EDGEUSDT	+0.0616%	4h	0.5984	+0.123%	$10.4M	$11.1M	50x	as long as short
Orderly PERP_EDGE_USDCshort	+0.0686%	4h	0.6004	+0.452%	$3K	$1K	10x