EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0523%/8h= −57.2% APRnext payment −$2.61 per $10,000 · paid last 24h −0.144%

Price spread now: Bitget against Orderly+0.051%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 Bitget

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. Bitget is 0.051% dearer against Orderly than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5853	0.0623	pay 0.0311% / 4h	1h 30m	$2K	$1K	10x
Short	Bitget EDGEUSDT	0.5856	0.0100	get 0.0050% / 4h	1h 30m	$4.7M	$946K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$109.75
Price spread: +0.051% → 0.000%: $5.13
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$122.62
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	6.82 bp	50.4 bp −$50	350.1 bp −$3,501	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 exchanges

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	0.5843	−0.178%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5857	+0.068%	$7.1M	$3.1M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5855	+0.034%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5856	+0.051%	$4.7M	$946K	20x
Variational Omni EDGE	+0.0100%	4h	0.5851	−0.041%	$165K	$147K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5876	+0.401%	$9K	$3.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5881	+0.478%	$9K	$267K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5820	−0.564%	$3K	$593K	10x	as long as short
Backpack EDGE_USDC_PERP	+0.0236%	1h	0.5851	−0.029%	$54K	$117K	3.3x	as long as short
OKX EDGE-USDT-SWAP	+0.0315%	4h	0.5861	+0.137%	$3.7M	$5.4M	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0343%	4h	0.5870	+0.297%	$14.2M	$3.8M	30x	as long as short
Aster EDGEUSDT	+0.0375%	4h	0.5858	+0.091%	$59K	$136K	5x	as long as short
Extended EDGE-USD	+0.0424%	1h	0.5854	+0.011%	$30K	$271K	5x	as long as short
MEXC EDGE_USDT	+0.0424%	4h	0.5857	+0.068%	$1.0M	$733K	50x	as long as short
Binance EDGEUSDT	+0.0424%	4h	0.5860	+0.119%	$10.2M	$10.1M	50x	as long as short
BloFin EDGE-USDT	+0.0475%	4h	0.5857	+0.068%	$666K	$84K	50x	as long as short
Orderly PERP_EDGE_USDClong	+0.0623%	4h	0.5853	long leg	$2K	$1K	10x