Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.022%

Price spread now: Orderly against Extended+0.012%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5950	0.0600	pay 0.0075% / 1h	24m 17s	$27K	$230K	5x
Short	Orderly PERP_EDGE_USDC	0.5951	0.0684	get 0.0342% / 4h	24m 17s	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.012%Rate

Funding earned: $17.66
Price spread: +0.012% → 0.000%: $1.21
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.87
Costs to cover: 0.110%
Break-even: 3.9 days

Slippage unknown: Extended: live order book, 53 min ago; Orderly: no order-book sample. Net counts fees only.

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, 53 min ago	1.19 bp	12.9 bp −$13	434.4 bp −$4,344	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_PERP	−0.0002%	1h	0.5956	+0.089%	$58K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5942	−0.134%	$55K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5942	−0.139%	$7.0M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5952	+0.029%	$4.7M	$1.0M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5982	+0.530%	$193K	$131K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5984	+0.564%	$7K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5978	+0.466%	$9K	$288K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5908	−0.711%	$3K	$612K	10x	as long as short
KuCoin EDGEUSDTM	+0.0146%	4h	0.5953	+0.046%	$2.1M	$2.2M	50x	as long as short
Aster EDGEUSDT	+0.0599%	4h	0.5958	+0.121%	$69K	$135K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USDlong	+0.0600%	1h	0.5950	long leg	$27K	$230K	5x
MEXC EDGE_USDT	+0.0602%	4h	0.5953	+0.046%	$1.2M	$916K	50x	as long as short
Binance EDGEUSDT	+0.0602%	4h	0.5953	+0.046%	$10.1M	$10.1M	50x	as long as short
BloFin EDGE-USDT	+0.0655%	4h	0.5964	+0.231%	$646K	$112K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0679%	4h	0.5953	+0.046%	$3.7M	$5.9M	20x	as long as short
Orderly PERP_EDGE_USDCshort	+0.0684%	4h	0.5951	+0.012%	$3K	—	10x
edgeX EDGEUSDC	+0.0706%	4h	0.5978	+0.462%	$14.3M	$3.5M	30x	as long as short