EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0272%/8h= −29.8% APRnext payment −$1.36 per $10,000 · paid last 24h −0.082%

Price spread now: KuCoin against Orderly−0.169%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 KuCoin

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 −$8 a day on $10k at the current rate, and KuCoin is 0.169% cheaper against Orderly than usual: you would sell low and buy high (−$17 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	0.5915	0.0372	pay 0.0186% / 4h	3h 31m	$3K	—	10x
Short	KuCoin EDGEUSDTM	0.5905	0.0100	get 0.0050% / 4h	3h 31m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.169%Rate

Funding earned: −$57.18
Price spread: −0.169% → 0.000%: −$16.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$92.09
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: 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 KuCoin live order book, 1 min ago	5.92 bp	202.3 bp −$202	947.1 bp −$9,471	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
Backpack EDGE_USDC_PERP	−0.0756%	1h	0.5913	−0.029%	$57K	$98K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5901	−0.228%	$55K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5907	−0.135%	$7.0M	$3.2M	25x	as long as short
OKX EDGE-USDT-SWAP	+0.0100%	4h	0.5921	+0.101%	$3.6M	$5.7M	20x	as long as short
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.5905	−0.169%	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5911	−0.068%	$4.7M	$967K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5879	−0.616%	$192K	$130K	—	as long as short
edgeX EDGEUSDC	+0.0100%	4h	0.5896	−0.314%	$14.1M	$3.4M	30x	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5894	−0.352%	$3K	$1.6M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5902	−0.220%	$1K	$293K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX EDGE-USDT	+0.0100%	4h	0.5867	−0.811%	$3K	$587K	10x	as long as short
BloFin EDGE-USDT	+0.0111%	4h	0.5921	+0.101%	$638K	$126K	50x	as long as short
MEXC EDGE_USDT	+0.0118%	4h	0.5917	+0.034%	$1.2M	$921K	50x	as long as short
Binance EDGEUSDT	+0.0119%	4h	0.5919	+0.074%	$10.0M	$9.8M	50x	as long as short
Extended EDGE-USD	+0.0120%	1h	0.5916	+0.018%	$27K	$230K	5x	as long as short
Aster EDGEUSDT	+0.0129%	4h	0.5904	−0.188%	$68K	$134K	5x	as long as short
Orderly PERP_EDGE_USDClong	+0.0372%	4h	0.5915	long leg	$3K	—	10x