EDGE

Alert

Funding spread now, next payment 20:00 UTC−0.1656%/8h

paid, last 24h−0.100%paid, last 5 days+0.114%to open and close $10k−$62

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.114% in total (about 8.1% 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	MEXC EDGE_USDT	0.5992	0.0314	pay 0.0157% / 4h	55m 47s	$1.2M	$915K	50x
Short	Backpack EDGE_USDC_PERP	0.5985	−0.1342	pay 0.0168% / 1h	55m 47s	$57K	$113K	3.3x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BackpackbpOrdersRate

Funding earned: −$347.72
Slippage, 4 orders: −$43.81
Fee MEXC: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$409.53
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Backpack: live order book, 55 min ago.

Price risk

price view

Price gap now: −0.125%
Avg gap 7d: −0.155%

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 MEXC live order book, 2 min ago	0.83 bp	7.7 bp −$8	62.2 bp −$622	173.6 bp −$17.4K	757.4 bp −$378.7K
Sell Backpack live order book, 55 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	−0.1342%	1h	$57K	$113K	3.3x
Lighter EDGE	+0.0096%	1h	$56K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	$7.0M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	$4.8M	$944K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	$180K	$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	$576K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0204%	4h	$3.7M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0213%	4h	$14.4M	$3.4M	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0302%	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_USDTlong	+0.0314%	4h	$1.2M	$915K	50x
BloFin EDGE-USDT	+0.0317%	4h	$657K	$128K	50x	as long as short
Aster EDGEUSDT	+0.0368%	4h	$69K	$131K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0556%	4h	$3K	—	10x	as long as short