Settings8H · net · $10k
Funding arb · Price arb /

EDGE

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0415%/8h= +45.4% APRnext payment +$2.07 per $10,000 · paid last 24h +0.055%
Price spread now: edgeX against Variational Omni−0.268%7-day average +0.137% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.077%+$8 on $10k
Price spread, last 4 days (all we have)+0.347%+$35 · spread now −0.268%, 7d avg +0.137%
Together, before fees+0.424%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.405% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.268% now, against its 7-day average of +0.137%). If the spread goes back, that is −$41 on $10k: about 3.3 days of funding at the current rate (+$12 a day). At the pace of the last 4 days (+0.077% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.077% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni EDGE0.59560.0100pay 0.0050% / 4h3h 28m$191K$139K
ShortedgeX EDGEUSDC0.59400.0515get 0.0257% / 4h3h 28m$14.2M$3.7M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$87.11
Price spread: −0.268% → +0.137%
−$40.55
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$37.57
Costs to cover
0.090%
Break-even
4.0 days
Slippage unknown: Variational Omni: RFQ quote, 25 min ago; edgeX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 25 min ago5.04 bpdoesn't fit448.7 bp −$4,487doesn't fitdoesn't fit
Sell edgeX live order book, 5 min ago3.38 bp39.5 bp −$39132.7 bp −$1,327doesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter EDGE+0.0096%1h0.5952−0.070%$43K$19K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5952−0.066%$7.2M$3.3M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5959+0.051%$2.1M$2.2M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.5958+0.034%$4.7M$1.1M20xas long as short
Backpack EDGE_USDC_PERP+0.0100%1h0.5956−0.001%$58K$111K3.3xas long as short
Variational Omni EDGElong+0.0100%4h0.5956long leg$191K$139K
GRVT EDGE_USDT_Perp+0.0100%4h0.5963+0.121%$8K$2.6M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5969+0.219%$9K$305K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5926−0.503%$3K$623K10xas long as short
Aster EDGEUSDT+0.0454%4h0.5970+0.232%$56K$153K5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin EDGE-USDT+0.0485%4h0.5970+0.236%$657K$103K50xas long as short
MEXC EDGE_USDT+0.0488%4h0.5959+0.051%$1.1M$864K50xas long as short
Extended EDGE-USD+0.0496%1h0.5957+0.014%$27K$196K5xas long as short
Binance EDGEUSDT+0.0498%4h0.5958+0.042%$10.2M$10.5M50xas long as short
edgeX EDGEUSDCshort+0.0515%4h0.5940−0.268%$14.2M$3.7M30x
OKX EDGE-USDT-SWAP+0.0544%4h0.5962+0.101%$3.7M$5.8M20xas long as short
Orderly PERP_EDGE_USDC+0.0589%4h0.5962+0.101%$3K$1K10xas long as short