EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.129%

Price spread now: Backpack against Lighter+0.204%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.689%+$69 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.204% dearer against Lighter than usual: you sell high and buy low, +$20 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EDGE	0.5931	0.0096	pay 0.0012% / 1h	0m 14s	$43K	$19K	3x
Short	Backpack EDGE_USDC_PERP	0.5943	0.0100	get 0.0013% / 1h	0m 14s	$57K	$114K	3.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter. 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 LighterbpFee BackpackbpOrdersPrice spread, now +0.204%Rate

Funding earned: $0.84
Price spread: +0.204% → 0.000%: $20.4
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $11.24
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Backpack: live order book, 29 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Backpack live order book, 29 min ago	3.11 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit

Lighter: 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
Lighter EDGElong	+0.0096%	1h	0.5931	long leg	$43K	$19K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5935	+0.073%	$7.2M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5940	+0.157%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5939	+0.140%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERPshort	+0.0100%	1h	0.5943	+0.204%	$57K	$114K	3.3x
Variational Omni EDGE	+0.0100%	4h	0.5935	+0.072%	$187K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5951	+0.343%	$1K	$2.6M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5955	+0.410%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6195	+4.456%	$4K	$629K	10x	as long as short
Aster EDGEUSDT	+0.0428%	4h	0.5937	+0.106%	$53K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0511%	4h	0.5943	+0.203%	$10.2M	$10.5M	50x	as long as short
Extended EDGE-USD	+0.0512%	1h	0.5937	+0.113%	$28K	$82K	5x	as long as short
MEXC EDGE_USDT	+0.0516%	4h	0.5942	+0.191%	$1.1M	$867K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0540%	4h	0.5944	+0.224%	$3.7M	$5.8M	20x	as long as short
BloFin EDGE-USDT	+0.0571%	4h	0.5944	+0.224%	$661K	$103K	50x	as long as short
edgeX EDGEUSDC	+0.0579%	4h	0.5950	+0.327%	$14.3M	$3.7M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0591%	4h	0.5941	+0.174%	$3K	$1K	10x	as long as short