EDGE

Alert

Funding spread now, next payment 19:00 UTC−0.1452%/8h

paid, last 24h−0.046%paid, last 5 days+0.330%to open and close $10k−$473

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.330% in total (about 23.5% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EDGEUSDTM	0.5978	0.0100	pay 0.0050% / 4h	1h 15m	$2.1M	$2.2M	50x
Short	Backpack EDGE_USDC_PERP	0.5973	−0.1352	pay 0.0169% / 1h	15m 07s	$60K	$111K	3.3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BackpackbpOrdersRate

Funding earned: −$304.89
Slippage, 4 orders: −$450.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$777.86
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Backpack: live order book, 35 min ago.

Price risk

price view

Price gap now: −0.077%
Avg gap 7d: −0.138%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 KuCoin live order book, 8 min ago	7.58 bp	265.2 bp −$265	1016.2 bp −$10.2K	doesn't fit	doesn't fit
Sell Backpack live order book, 35 min ago	2.27 bp	23.0 bp −$23	doesn't fit	doesn't fit	doesn't fit

EDGE on 16 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Backpack EDGE_USDC_PERPshort	−0.1352%	1h	$60K	$111K	3.3x
Lighter EDGE	+0.0096%	1h	$55K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	$7.0M	$3.1M	25x	as long as short
KuCoin EDGEUSDTMlong	+0.0100%	4h	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	$4.8M	$936K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	$179K	$111K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	$1K	$289K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	$4K	$574K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0108%	4h	$3.7M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0118%	4h	$14.3M	$3.4M	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0266%	4h	$649K	$125K	50x	as long as short
Binance EDGEUSDT	+0.0311%	4h	$10.1M	$9.7M	50x	as long as short
Extended EDGE-USD	+0.0312%	1h	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0320%	4h	$1.2M	$926K	50x	as long as short
Aster EDGEUSDT	+0.0385%	4h	$68K	$135K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0602%	4h	$3K	—	10x	as long as short