EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0341%/8h= −37.3% APRnext payment −$1.70 per $10,000 · paid last 24h −0.077%

Price spread now: Bitget against edgeX−0.060%114s7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1461.459% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.060%, 7d avg −0.127%

Together, before fees−0.140%+ Points / potential airdropedgeX: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.067% dearer against edgeX than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.127%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.121% in total) that is about 3.9 days. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.70 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EDGEUSDC	0.5995	0.0441	pay 0.0220% / 4h	51m 39s	$14.5M	$3.3M	30x
Short	Bitget EDGEUSDT	0.5991	0.0100	get 0.0050% / 4h	51m 39s	$4.8M	$873K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$71.58
Price spread: −0.060% → −0.127%: $6.69
Slippage, 4 orders: −$124.92
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$210.81
Costs to cover: 1.459%
Break-even: never at this rate

Slippage from edgeX: live order book, just now; Bitget: live order book, 5 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, just now	4.16 bp	10.9 bp −$11	98.5 bp −$985	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	6.67 bp	45.8 bp −$46	468.5 bp −$4,685	doesn't fit	doesn't fit

EDGE on 17 exchanges

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	−0.0405%	1h	0.5995	+0.008%	$55K	$116K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5976	−0.312%	$44K	$20K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5980	−0.244%	$7.2M	$3.0M	25x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5991	−0.060%	$4.8M	$873K	20x
Variational Omni EDGE	+0.0100%	4h	0.5982	−0.212%	$168K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5993	−0.032%	$4K	$3.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5999	+0.073%	$9K	$243K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5962	−0.544%	$3K	$565K	10x	as long as short
KuCoin EDGEUSDTM	+0.0130%	4h	0.5991	−0.060%	$2.1M	$2.2M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0414%	4h	0.5989	−0.093%	$3.8M	$5.3M	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDClong	+0.0441%	4h	0.5995	long leg	$14.5M	$3.3M	30x
Aster EDGEUSDT	+0.0509%	4h	0.5995	+0.002%	$60K	$116K	5x	as long as short
Extended EDGE-USD	+0.0528%	1h	0.5993	−0.020%	$28K	$275K	5x	as long as short
MEXC EDGE_USDT	+0.0530%	4h	0.5995	+0.007%	$1.1M	$608K	50x	as long as short
Binance EDGEUSDT	+0.0530%	4h	0.5986	−0.140%	$10.5M	$9.6M	50x	as long as short
BloFin EDGE-USDT	+0.0542%	4h	0.5994	−0.010%	$688K	$79K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0653%	4h	0.5994	−0.010%	$2K	$1K	10x	as long as short