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−0.0404%/8h= −44.2% APRpaid last 24h −0.070%
Price spread now: Bitget against Extended−0.285%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2042.045% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.238%−$24 on $10k
Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.285%, 7d avg −0.015%
Together, before fees−0.050%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.270% cheaper against Extended than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.238% in total (about -12.4% a year). A funding rate is set anew for every payment. 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-USD0.59410.0504pay 0.0063% / 1h22m 52s$27K$194K5x
ShortBitget EDGEUSDT0.59240.0100get 0.0050% / 4h2h 22m$4.7M$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$84.84
Price spread: −0.285% → −0.015%
−$26.99
Slippage, 4 orders
−$187.45
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$316.28
Costs to cover
2.045%
Break-even
never at this rate
Slippage from Extended: live order book, 44 min ago; Bitget: live order book, 5 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, 44 min ago3.42 bp61.2 bp −$61498.0 bp −$4,980doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago7.59 bp32.2 bp −$32305.5 bp −$3,055doesn't fitdoesn't fit

EDGE on 16 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%1h0.5930−0.175%$44K$18K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5928−0.218%$7.1M$3.4M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5926−0.251%$2.1M$2.2M50xas long as short
Bitget EDGEUSDTshort+0.0100%4h0.5924−0.285%$4.7M$1.1M20x
Backpack EDGE_USDC_PERP+0.0100%1h0.5932−0.157%$58K$105K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.5914−0.461%$194K$128Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5928−0.218%$6K$2.0M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5931−0.167%$9K$304K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5889−0.874%$4K$620K10xas long as short
OKX EDGE-USDT-SWAP+0.0488%4h0.5945+0.069%$3.7M$5.8M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended EDGE-USDlong+0.0504%1h0.5941long leg$27K$194K5x
edgeX EDGEUSDC+0.0506%4h0.5937−0.071%$14.2M$3.6M30xas long as short
Binance EDGEUSDT+0.0508%4h0.5942+0.025%$10.1M$10.4M50xas long as short
MEXC EDGE_USDT+0.0510%4h0.5938−0.049%$1.2M$912K50xas long as short
Aster EDGEUSDT+0.0515%4h0.5930−0.183%$68K$132K5xas long as short
Orderly PERP_EDGE_USDC+0.0716%4h0.5921−0.335%$3K10xas long as short