Funding you earn now, next payment 12:00 UTC−0.0579%/8h= −63.4% APRnext payment −$2.90 per $10,000 · paid last 24h −0.144%
Price spread now: Variational Omni against Orderly+0.175%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.175% dearer against Orderly than usual: you sell high and buy low (spread +0.175% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 24 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_EDGE_USDC | 0.6005 | 0.0679 | pay 0.0340% / 4h | 3h 45m | $3K | $1K | 10x |
| Short | Variational Omni EDGE | 0.6016 | 0.0100 | get 0.0050% / 4h | 3h 45m | $189K | $145K | — |
Orderly PERP_EDGE_USDC
Variational Omni EDGEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$121.63
- Price spread: +0.175% → 0.000%
- $17.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$110.13
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 53 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 Variational Omni RFQ quote, 53 min ago | 5.83 bp | doesn't fit | 297.4 bp −$2,974 | 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 | 0.6007 | +0.038% | $44K | $22K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.6012 | +0.117% | $7.3M | $3.4M | 25x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.6021 | +0.266% | $4.8M | $1.1M | 20x | as long as short |
| Backpack EDGE_USDC_PERP | +0.0100% | 1h | 0.6024 | +0.318% | $58K | $122K | 3.3x | as long as short |
| Variational Omni EDGEshort | +0.0100% | 4h | 0.6016 | +0.175% | $189K | $145K | — | |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5992 | −0.219% | $10K | $3.2M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.6003 | −0.033% | $9K | $296K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5968 | −0.616% | $4K | $645K | 10x | as long as short |
| KuCoin EDGEUSDTM | +0.0222% | 4h | 0.6022 | +0.283% | $2.2M | $2.2M | 50x | as long as short |
| Aster EDGEUSDT | +0.0412% | 4h | 0.6014 | +0.142% | $52K | $152K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
Bitget EDGEUSDT
Backpack EDGE_USDC_PERP
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
KuCoin EDGEUSDTM
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC EDGE_USDT | +0.0580% | 4h | 0.6021 | +0.266% | $1.1M | $717K | 50x | as long as short |
| Extended EDGE-USD | +0.0584% | 1h | 0.6019 | +0.233% | $29K | $267K | 5x | as long as short |
| edgeX EDGEUSDC | +0.0601% | 4h | 0.5988 | −0.277% | $14.4M | $3.7M | 30x | as long as short |
| Binance EDGEUSDT | +0.0609% | 4h | 0.6024 | +0.312% | $10.5M | $11.0M | 50x | as long as short |
| BloFin EDGE-USDT | +0.0633% | 4h | 0.6000 | −0.083% | $673K | $106K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0652% | 4h | 0.6022 | +0.283% | $3.8M | $6.2M | 20x | as long as short |
| Orderly PERP_EDGE_USDClong | +0.0679% | 4h | 0.6005 | long leg | $3K | $1K | 10x |
MEXC EDGE_USDT
Extended EDGE-USD
edgeX EDGEUSDC
Binance EDGEUSDT
BloFin EDGE-USDT
OKX EDGE-USDT-SWAP