Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.028%

Price spread now: Extended against OKX−0.096%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$1971.968% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.096%, 7d avg −0.076%

Together, before fees+0.168%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.021% cheaper against OKX than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.076%). If the spread goes back, that is −$2 on $10k: about 23 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EDGE-USDT-SWAP	0.5992	0.0496	pay 0.0248% / 4h	3h 30m	$3.7M	$5.9M	20x
Short	Extended EDGE-USD	0.5986	0.0568	get 0.0071% / 1h	30m 13s	$27K	$224K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.096%Rate

Funding earned: $15.08
Price spread: −0.096% → −0.076%: −$2.06
Slippage, 4 orders: −$181.76
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$183.74
Costs to cover: 1.968%
Break-even: 92.3 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 42 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	4.18 bp	29.6 bp −$30	138.7 bp −$1,387	doesn't fit	doesn't fit
Sell Extended live order book, 42 min ago	4.87 bp	113.9 bp −$114	doesn't fit	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
Backpack EDGE_USDC_PERP	+0.0013%	1h	0.5991	−0.020%	$57K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5978	−0.240%	$50K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5985	−0.117%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5986	−0.100%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5987	−0.083%	$4.8M	$1.0M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5982	−0.166%	$191K	$127K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5982	−0.167%	$3K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5985	−0.117%	$9K	$293K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5950	−0.701%	$4K	$615K	10x	as long as short
OKX EDGE-USDT-SWAPlong	+0.0496%	4h	0.5992	long leg	$3.7M	$5.9M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0536%	4h	0.5990	−0.033%	$652K	$96K	50x	as long as short
edgeX EDGEUSDC	+0.0550%	4h	0.5989	−0.058%	$14.3M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0553%	4h	0.5991	−0.010%	$69K	$133K	5x	as long as short
MEXC EDGE_USDT	+0.0560%	4h	0.5992	0.000%	$1.2M	$913K	50x	as long as short
Binance EDGEUSDT	+0.0567%	4h	0.5993	+0.012%	$10.2M	$10.2M	50x	as long as short
Extended EDGE-USDshort	+0.0568%	1h	0.5986	−0.096%	$27K	$224K	5x
Orderly PERP_EDGE_USDC	+0.0760%	4h	0.5988	−0.067%	$3K	—	10x	as long as short