Funding you earn now, next payment 06:00 UTC−0.0437%/8h= −47.8% APRpaid last 24h −0.184%
Price spread now: Backpack against edgeX+0.008%7-day average −0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$910.906% of the position
Funding, last 7 days+0.566%+$57 on $10k
+Price spread, last 4 days (all we have)+0.673%+$67 · spread now +0.008%, 7d avg −0.153%
=Together, before fees+1.239%+ Points / potential airdropedgeX: Active · farm board+$124 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.161% dearer against edgeX than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.153%): +$16 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 7 days funding on this pair paid +0.566%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX EDGEUSDC | 0.5962 | 0.0491 | pay 0.0245% / 4h | 2h 16m | $14.3M | $3.6M | 30x |
| Short | Backpack EDGE_USDC_PERP | 0.5963 | 0.0054 | get 0.0007% / 1h | 16m 51s | $59K | $117K | 3.3x |
edgeX EDGEUSDC
Backpack EDGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$91.73
- Price spread: +0.008% → −0.153%
- $16.15
- Slippage, 4 orders
- −$71.58
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$166.16
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 2 min ago; Backpack: live order book, 7 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 edgeX live order book, 2 min ago | 5.01 bp | 14.6 bp −$15 | 109.3 bp −$1,093 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 7 min ago | 4.21 bp | 15.0 bp −$15 | 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_PERPshort | +0.0054% | 1h | 0.5963 | +0.008% | $59K | $117K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5957 | −0.096% | $43K | $19K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5954 | −0.141% | $7.2M | $3.3M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5963 | +0.010% | $2.1M | $2.2M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5961 | −0.024% | $4.7M | $1.1M | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5946 | −0.276% | $188K | $144K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5980 | +0.295% | $9K | $2.8M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5986 | +0.396% | $9K | $295K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5929 | −0.560% | $4K | $634K | 10x | as long as short |
| Aster EDGEUSDT | +0.0354% | 4h | 0.5960 | −0.044% | $52K | $155K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended EDGE-USD | +0.0472% | 1h | 0.5958 | −0.075% | $27K | $87K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0472% | 4h | 0.5964 | +0.027% | $1.1M | $822K | 50x | as long as short |
| Binance EDGEUSDT | +0.0473% | 4h | 0.5964 | +0.026% | $10.2M | $10.6M | 50x | as long as short |
| BloFin EDGE-USDT | +0.0481% | 4h | 0.5975 | +0.211% | $651K | $103K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0484% | 4h | 0.5967 | +0.077% | $3.7M | $6.0M | 20x | as long as short |
| edgeX EDGEUSDClong | +0.0491% | 4h | 0.5962 | long leg | $14.3M | $3.6M | 30x | |
| Orderly PERP_EDGE_USDC | +0.0590% | 4h | 0.5968 | +0.094% | $3K | $1K | 10x | as long as short |
Extended EDGE-USD
MEXC EDGE_USDT
Binance EDGEUSDT
BloFin EDGE-USDT
OKX EDGE-USDT-SWAP
Orderly PERP_EDGE_USDC