EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.51 per $10,000 · paid last 24h −0.026%

Price spread now: Binance against Orderly+0.077%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.077% dearer against Orderly than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.6028	0.0623	pay 0.0311% / 4h	1h 58m	$3K	$1K	10x
Short	Binance EDGEUSDT	0.6033	0.0521	get 0.0261% / 4h	1h 58m	$10.4M	$10.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now +0.077%Rate

Funding earned: −$21.22
Price spread: +0.077% → 0.000%: $7.7
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.52
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 12 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	1.66 bp	32.3 bp −$32	203.4 bp −$2,034	doesn't fit	doesn't fit

Orderly: 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 EDGE	+0.0096%	1h	0.6021	−0.114%	$44K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.6024	−0.066%	$7.3M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.6034	+0.100%	$2.2M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.6033	+0.083%	$4.8M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6027	−0.013%	$60K	$119K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.6037	+0.156%	$191K	$144K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6054	+0.431%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5986	−0.697%	$4K	$638K	10x	as long as short
GRVT EDGE_USDT_Perp	+0.0106%	4h	0.6051	+0.374%	$4K	$2.9M	10x	as long as short
Aster EDGEUSDT	+0.0371%	4h	0.6034	+0.093%	$53K	$156K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0520%	1h	0.6027	−0.021%	$29K	$89K	5x	as long as short
Binance EDGEUSDTshort	+0.0521%	4h	0.6033	+0.077%	$10.4M	$10.8M	50x
MEXC EDGE_USDT	+0.0530%	4h	0.6030	+0.033%	$1.1M	$800K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0530%	4h	0.6030	+0.033%	$3.8M	$6.1M	20x	as long as short
BloFin EDGE-USDT	+0.0544%	4h	0.6031	+0.050%	$660K	$105K	50x	as long as short
edgeX EDGEUSDC	+0.0554%	4h	0.6049	+0.345%	$14.5M	$3.6M	30x	as long as short
Orderly PERP_EDGE_USDClong	+0.0623%	4h	0.6028	long leg	$3K	$1K	10x