Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.005%

Price spread now: Binance against Extended+0.032%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$2002.003% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.032%, 7d avg +0.061%

Together, before fees+0.052%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.029% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5973	0.0640	pay 0.0080% / 1h	43m 17s	$27K	$230K	5x
Short	Binance EDGEUSDT	0.5975	0.0639	get 0.0320% / 4h	43m 17s	$10.1M	$10.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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

Position, each leg$Hold fordaysFee ExtendedbpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$0.16
Price spread: +0.032% → +0.061%: −$2.94
Slippage, 4 orders: −$185.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$203.36
Costs to cover: 2.003%
Break-even: never at this rate

Slippage from Extended: live order book, 34 min ago; Binance: live order book, 11 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 Extended live order book, 34 min ago	1.19 bp	12.9 bp −$13	434.4 bp −$4,344	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.83 bp	28.3 bp −$28	188.0 bp −$1,880	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
Lighter EDGE	+0.0096%	1h	0.5965	−0.139%	$55K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5973	−0.008%	$7.1M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5979	+0.092%	$4.7M	$1.0M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5979	+0.092%	$58K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5973	−0.004%	$193K	$131K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5979	+0.092%	$4K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5981	+0.126%	$8K	$288K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5932	−0.694%	$4K	$609K	10x	as long as short
KuCoin EDGEUSDTM	+0.0200%	4h	0.5981	+0.126%	$2.1M	$2.3M	50x	as long as short
Binance EDGEUSDTshort	+0.0639%	4h	0.5975	+0.032%	$10.1M	$10.1M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USDlong	+0.0640%	1h	0.5973	long leg	$27K	$230K	5x
MEXC EDGE_USDT	+0.0646%	4h	0.5977	+0.059%	$1.2M	$915K	50x	as long as short
Aster EDGEUSDT	+0.0656%	4h	0.5982	+0.140%	$69K	$135K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0664%	4h	0.5970	−0.058%	$3K	—	10x	as long as short
BloFin EDGE-USDT	+0.0673%	4h	0.5970	−0.058%	$635K	$128K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0772%	4h	0.5972	−0.025%	$3.7M	$5.9M	20x	as long as short
edgeX EDGEUSDC	+0.0796%	4h	0.5980	+0.108%	$14.3M	$3.5M	30x	as long as short