EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0439%/8h= −48.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.082%

Price spread now: Bybit against Orderly−0.137%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bybit

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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.137% cheaper against Orderly than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5828	0.0539	pay 0.0270% / 4h	1h 26m	$3K	—	10x
Short	Bybit EDGEUSDT	0.5820	0.0100	get 0.0050% / 4h	1h 26m	$6.9M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$92.22
Price spread: −0.137% → 0.000%: −$13.73
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$122.95
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: 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 Bybit live order book, 1 min ago	0.86 bp	66.9 bp −$67	267.5 bp −$2,675	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	0.5813	−0.257%	$54K	$8K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5820	−0.137%	$6.9M	$3.3M	25x
Bitget EDGEUSDT	+0.0100%	4h	0.5825	−0.051%	$4.6M	$995K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5828	−0.002%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5807	−0.356%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5824	−0.069%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5827	−0.017%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5794	−0.583%	$4K	$608K	10x	as long as short
KuCoin EDGEUSDTM	+0.0180%	4h	0.5824	−0.069%	$2.1M	$2.3M	50x	as long as short
MEXC EDGE_USDT	+0.0434%	4h	0.5833	+0.086%	$1.2M	$920K	50x	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	+0.0440%	1h	0.5828	+0.008%	$26K	$230K	5x	as long as short
Aster EDGEUSDT	+0.0443%	4h	0.5828	+0.008%	$67K	$136K	5x	as long as short
Binance EDGEUSDT	+0.0444%	4h	0.5833	+0.083%	$9.9M	$10.1M	50x	as long as short
edgeX EDGEUSDC	+0.0479%	4h	0.5816	−0.201%	$13.9M	$3.4M	30x	as long as short
BloFin EDGE-USDT	+0.0491%	4h	0.5837	+0.154%	$635K	$124K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0509%	4h	0.5836	+0.137%	$3.6M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDClong	+0.0539%	4h	0.5828	long leg	$3K	—	10x