Funding you earn now, next payment 22:00 UTC+0.0801%/8h= +87.7% APRpaid last 24h +0.169%
Price spread now: Aster against Backpack+0.065%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)+0.215%+$22 · spread now +0.065%, 7d avg +0.162%
=Together, before fees+0.043%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.098% cheaper against Backpack than usual: you would sell low and buy high (spread +0.065% now, against its 7-day average of +0.162%). If the spread goes back, that is −$10 on $10k: about 10 hours of funding at the current rate (+$24 a day). Mind the row above: over the last 5 days funding on this pair cost −0.173%, so the current rate has only just turned in your favour.
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 | Backpack EDGE_USDC_PERP | 0.5829 | −0.0629 | get 0.0079% / 1h | 54m 39s | $59K | $100K | 3.3x |
| Short | Aster EDGEUSDT | 0.5832 | 0.0172 | get 0.0086% / 4h | 2h 54m | $67K | $134K | 5x |
Backpack EDGE_USDC_PERP
Aster EDGEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Backpack. 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
- $168.16
- Price spread: +0.065% → +0.162%
- −$9.76
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $140.4
- Costs to cover
- 0.180%
- Break-even
- 1.2 days
Slippage unknown: Backpack: no order-book sample; Aster: live order book, 31 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 31 min ago | 5.10 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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_PERPlong | −0.0629% | 1h | 0.5829 | long leg | $59K | $100K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5812 | −0.283% | $54K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5819 | −0.165% | $6.9M | $3.3M | 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 | 0.5821 | −0.130% | $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 | 0.5837 | +0.144% | $12K | $1.7M | 10x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6099 | +4.639% | $4K | $597K | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0147% | 1h | 0.5844 | +0.264% | $2K | $293K | 50x | as long as short |
| BloFin EDGE-USDT | +0.0160% | 4h | 0.5826 | −0.045% | $630K | $124K | 50x | 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
BloFin EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDTshort | +0.0172% | 4h | 0.5832 | +0.065% | $67K | $134K | 5x | |
| OKX EDGE-USDT-SWAP | +0.0183% | 4h | 0.5828 | −0.010% | $3.6M | $5.7M | 20x | as long as short |
| edgeX EDGEUSDC | +0.0196% | 4h | 0.5853 | +0.426% | $14.0M | $3.4M | 30x | as long as short |
| Binance EDGEUSDT | +0.0197% | 4h | 0.5828 | −0.010% | $9.9M | $10.0M | 50x | as long as short |
| MEXC EDGE_USDT | +0.0198% | 4h | 0.5828 | −0.010% | $1.2M | $918K | 50x | as long as short |
| Extended EDGE-USD | +0.0200% | 1h | 0.5819 | −0.166% | $26K | $230K | 5x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0365% | 4h | 0.5832 | +0.058% | $3K | — | 10x | as long as short |
OKX EDGE-USDT-SWAP
edgeX EDGEUSDC
Binance EDGEUSDT
MEXC EDGE_USDT
Extended EDGE-USD
Orderly PERP_EDGE_USDC