Funding you earn now, next payment 22:00 UTC−0.0889%/8h= −97.3% APRpaid last 24h −0.180%
Price spread now: Backpack against Aster+0.002%7-day average −0.162% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)+0.173%+$17 on $10k
+Price spread, last 3 days (all we have)−0.282%−$28 · spread now +0.002%, 7d avg −0.162%
=Together, before fees−0.109%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.164% dearer against Aster than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.162%): +$16 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 5 days funding on this pair paid +0.173%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.173% in total (about 12.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster EDGEUSDT | 0.5829 | 0.0168 | pay 0.0084% / 4h | 2h 52m | $67K | $134K | 5x |
| Short | Backpack EDGE_USDC_PERP | 0.5829 | −0.0721 | pay 0.0090% / 1h | 52m 31s | $59K | $100K | 3.3x |
Aster EDGEUSDT
Backpack EDGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. 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
- −$186.67
- Price spread: +0.002% → −0.162%
- $16.41
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$188.26
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 33 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 Aster live order book, 33 min ago | 5.10 bp | 52.9 bp −$53 | 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 | −0.0721% | 1h | 0.5829 | +0.002% | $59K | $100K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5813 | −0.273% | $54K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5820 | −0.147% | $6.9M | $3.2M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5823 | −0.096% | $2.1M | $2.3M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5827 | −0.027% | $4.6M | $986K | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5819 | −0.157% | $190K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5832 | +0.058% | $6K | $1.7M | 10x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6093 | +4.536% | $4K | $598K | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0147% | 1h | 0.5844 | +0.264% | $2K | $293K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0168% | 4h | 0.5835 | +0.110% | $3.6M | $5.7M | 20x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
SunX EDGE-USDT
ApeX Omni EDGEUSDT
OKX EDGE-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDTlong | +0.0168% | 4h | 0.5829 | long leg | $67K | $134K | 5x | |
| BloFin EDGE-USDT | +0.0176% | 4h | 0.5832 | +0.058% | $632K | $125K | 50x | as long as short |
| edgeX EDGEUSDC | +0.0193% | 4h | 0.5832 | +0.053% | $13.9M | $3.4M | 30x | as long as short |
| Binance EDGEUSDT | +0.0194% | 4h | 0.5831 | +0.041% | $9.9M | $10.0M | 50x | as long as short |
| MEXC EDGE_USDT | +0.0196% | 4h | 0.5832 | +0.058% | $1.2M | $918K | 50x | as long as short |
| Extended EDGE-USD | +0.0200% | 1h | 0.5825 | −0.062% | $26K | $230K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0364% | 4h | 0.5827 | −0.027% | $3K | — | 10x | as long as short |
BloFin EDGE-USDT
edgeX EDGEUSDC
Binance EDGEUSDT
MEXC EDGE_USDT
Extended EDGE-USD
Orderly PERP_EDGE_USDC