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

EDGE

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0144%/8h= +15.7% APRnext payment +$0.72 per $10,000 · paid last 24h +0.014%
Price spread now: Orderly against Aster−0.048%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding pays, the price is against you. Orderly is 0.048% cheaper against Aster than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 27 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster EDGEUSDT0.58430.0250pay 0.0125% / 4h2h 27m$67K$134K5x
ShortOrderly PERP_EDGE_USDC0.58400.0394get 0.0197% / 4h2h 27m$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Aster. 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

Funding earned
$30.18
Price spread: −0.048% → 0.000%
−$4.84
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
$11.34
Costs to cover
0.140%
Break-even
4.4 days
Slippage unknown: Aster: live order book, 58 min ago; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 58 min ago5.10 bp52.9 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack EDGE_USDC_PERP−0.0496%1h0.5838−0.086%$59K$100K3.3xas long as short
Lighter EDGE+0.0096%1h0.5822−0.353%$54K$9K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5831−0.202%$6.9M$3.2M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.5839−0.066%$2.1M$2.3M50xas long as short
Bitget EDGEUSDT+0.0100%4h0.5836−0.117%$4.6M$988K20xas long as short
Variational Omni EDGE+0.0100%4h0.5827−0.267%$190K$130Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5841−0.030%$11K$1.7M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5843+0.003%$6K$294K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5799−0.750%$4K$602K10xas long as short
Aster EDGEUSDTlong+0.0250%4h0.5843long leg$67K$134K5x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin EDGE-USDT+0.0258%4h0.5835−0.134%$628K$125K50xas long as short
OKX EDGE-USDT-SWAP+0.0269%4h0.5843+0.003%$3.6M$5.7M20xas long as short
Extended EDGE-USD+0.0272%1h0.5837−0.102%$26K$230K5xas long as short
MEXC EDGE_USDT+0.0274%4h0.5840−0.048%$1.2M$929K50xas long as short
Binance EDGEUSDT+0.0276%4h0.5840−0.048%$9.9M$10.0M50xas long as short
edgeX EDGEUSDC+0.0279%4h0.5852+0.158%$14.0M$3.4M30xas long as short
Orderly PERP_EDGE_USDCshort+0.0394%4h0.5840−0.048%$3K10x