Settings8H · net · $10k
Funding arb · Price arb /

EDGE

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0420%/8h= −46.0% APRnext payment $0.52 per $10,000 · paid last 24h −0.070%
Price spread now: ApeX Omni against Extended+1.092%52s7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$508as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$4844.838% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.239%−$24 on $10k
Price spread, last 4 days (all we have)−0.530%−$53 · spread now +1.092%, 7d avg +0.074%
Together, before fees−0.769%+ Points / potential airdropExtended: Active · farm board−$77 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 1.018% dearer against Extended than usual: you sell high and buy low (spread +1.092% now, against its 7-day average of +0.074%): +$102 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 7 days (−0.239% in total) that is about 30 days. The two prices were read 52 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 -0.239% in total (about -12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $0.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended EDGE-USD0.58500.0520pay 0.0065% / 1h40m 26s$27K$188K5x
ShortApeX Omni EDGEUSDT0.59140.0100get 0.0013% / 1h40m 26s$9K$303K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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

Funding earned
−$88.2
Price spread: +1.092% → +0.074%
$101.81
Slippage, 4 orders
−$468.78
Fee Extended: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$470.17
Costs to cover
4.838%
Break-even
never at this rate
Slippage from Extended: live order book, 26 min ago; ApeX Omni: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 26 min ago3.42 bp61.2 bp −$61498.0 bp −$4,980doesn't fitdoesn't fit
Sell ApeX Omni live order book, 27 min ago9.14 bp179.3 bp −$179doesn't fitdoesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter EDGE+0.0096%1h0.5843−0.116%$47K$14K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5839−0.190%$7.0M$3.3M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5854+0.066%$2.1M$2.2M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.5839−0.190%$4.7M$1.1M20xas long as short
Backpack EDGE_USDC_PERP+0.0100%1h0.5864+0.244%$60K$102K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.5858+0.128%$190K$126Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5889+0.659%$2K$1.9M10xas long as short
ApeX Omni EDGEUSDTshort+0.0100%1h0.5914+1.092%$9K$303K50x
SunX EDGE-USDT+0.0100%4h0.5859+0.152%$4K$620K10xas long as short
OKX EDGE-USDT-SWAP+0.0395%4h0.5852+0.032%$3.6M$5.7M20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX EDGEUSDC+0.0418%4h0.5911+1.041%$14.1M$3.6M30xas long as short
Aster EDGEUSDT+0.0485%4h0.5856+0.108%$67K$132K5xas long as short
BloFin EDGE-USDT+0.0503%4h0.5887+0.631%$655K$97K50xas long as short
Binance EDGEUSDT+0.0504%4h0.5851+0.015%$10.0M$10.4M50xas long as short
MEXC EDGE_USDT+0.0518%4h0.5837−0.224%$1.1M$911K50xas long as short
Extended EDGE-USDlong+0.0520%1h0.5850long leg$27K$188K5x
Orderly PERP_EDGE_USDC+0.0751%4h0.5847−0.053%$3K10xas long as short