EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.034%

Price spread now: Binance against OKX+0.200%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$1041.043% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 7 days−0.230%−$23 · spread now +0.200%, 7d avg −0.022%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.223% dearer against OKX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EDGE-USDT-SWAP	0.5988	0.0585	pay 0.0292% / 4h	3h 34m	$3.8M	$6.2M	20x
Short	Binance EDGEUSDT	0.6000	0.0616	get 0.0308% / 4h	3h 34m	$10.4M	$11.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.200%Rate

Funding earned: $6.5
Price spread: +0.200% → −0.022%: $22.25
Slippage, 4 orders: −$84.25
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$75.5
Costs to cover: 1.043%
Break-even: 88.3 days

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 5 min ago.

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 OKX live order book, 3 min ago	3.33 bp	23.5 bp −$23	127.6 bp −$1,276	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.83 bp	29.7 bp −$30	158.4 bp −$1,584	doesn't fit	doesn't fit

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 EDGE	+0.0096%	1h	0.5988	+0.002%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5991	+0.050%	$7.3M	$3.4M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5997	+0.150%	$4.8M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6006	+0.292%	$58K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5989	+0.009%	$189K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5991	+0.042%	$6K	$3.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5998	+0.167%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5951	−0.618%	$4K	$647K	10x	as long as short
KuCoin EDGEUSDTM	+0.0208%	4h	0.5995	+0.117%	$2.1M	$2.2M	50x	as long as short
Aster EDGEUSDT	+0.0422%	4h	0.6005	+0.284%	$52K	$150K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAPlong	+0.0585%	4h	0.5988	long leg	$3.8M	$6.2M	20x
BloFin EDGE-USDT	+0.0589%	4h	0.6014	+0.434%	$674K	$107K	50x	as long as short
Extended EDGE-USD	+0.0608%	1h	0.5998	+0.174%	$27K	$270K	5x	as long as short
MEXC EDGE_USDT	+0.0608%	4h	0.5998	+0.167%	$1.1M	$719K	50x	as long as short
edgeX EDGEUSDC	+0.0608%	4h	0.5988	−0.001%	$14.4M	$3.7M	30x	as long as short
Binance EDGEUSDTshort	+0.0616%	4h	0.6000	+0.200%	$10.4M	$11.0M	50x
Orderly PERP_EDGE_USDC	+0.0686%	4h	0.6004	+0.267%	$3K	$1K	10x	as long as short