Funding you earn now, next payment 22:00 UTC−0.0612%/8h= −67.0% APRnext payment −$0.77 per $10,000 · paid last 24h −0.112%
Price spread now: Backpack against ApeX Omni−0.096%7-day average −0.157% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.750%+$75 on $10k
+Price spread, last 3 days (all we have)−0.670%−$67 · spread now −0.096%, 7d avg −0.157%
=The price spread pays, funding is against you. Backpack is 0.061% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.157%): +$6 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.750%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni EDGEUSDT | 0.5843 | 0.0100 | pay 0.0013% / 1h | 28m 15s | $6K | $294K | 50x |
| Short | Backpack EDGE_USDC_PERP | 0.5837 | −0.0512 | pay 0.0064% / 1h | 28m 15s | $59K | $100K | 3.3x |
ApeX Omni EDGEUSDT
Backpack EDGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. 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
- −$128.52
- Price spread: −0.096% → −0.157%
- $6.07
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$142.45
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 59 min ago; Backpack: no order-book sample. 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 ApeX Omni live order book, 59 min ago | 6.78 bp | 182.1 bp −$182 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: 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_PERPshort | −0.0512% | 1h | 0.5837 | −0.096% | $59K | $100K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5824 | −0.334% | $54K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5833 | −0.171% | $6.9M | $3.2M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5839 | −0.068% | $2.1M | $2.3M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5836 | −0.120% | $4.6M | $988K | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5827 | −0.270% | $190K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5841 | −0.033% | $11K | $1.7M | 10x | as long as short |
| ApeX Omni EDGEUSDTlong | +0.0100% | 1h | 0.5843 | long leg | $6K | $294K | 50x | |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5799 | −0.753% | $4K | $602K | 10x | as long as short |
| Aster EDGEUSDT | +0.0247% | 4h | 0.5845 | +0.028% | $67K | $134K | 5x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
SunX EDGE-USDT
Aster EDGEUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin EDGE-USDT | +0.0258% | 4h | 0.5835 | −0.137% | $628K | $125K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0269% | 4h | 0.5843 | 0.000% | $3.6M | $5.7M | 20x | as long as short |
| Extended EDGE-USD | +0.0272% | 1h | 0.5837 | −0.105% | $26K | $230K | 5x | as long as short |
| MEXC EDGE_USDT | +0.0274% | 4h | 0.5840 | −0.051% | $1.2M | $929K | 50x | as long as short |
| Binance EDGEUSDT | +0.0275% | 4h | 0.5841 | −0.034% | $9.9M | $10.0M | 50x | as long as short |
| edgeX EDGEUSDC | +0.0279% | 4h | 0.5852 | +0.155% | $14.0M | $3.4M | 30x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0394% | 4h | 0.5840 | −0.051% | $3K | — | 10x | as long as short |
BloFin EDGE-USDT
OKX EDGE-USDT-SWAP
Extended EDGE-USD
MEXC EDGE_USDT
Binance EDGEUSDT
edgeX EDGEUSDC
Orderly PERP_EDGE_USDC