EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0364%/8h= +39.9% APRnext payment +$0.46 per $10,000 · paid last 24h +0.175%

Price spread now: Extended against Backpack−0.035%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.519%−$52 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.035% cheaper against Backpack than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.519%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack EDGE_USDC_PERP	0.5880	0.0100	pay 0.0013% / 1h	38m 11s	$59K	$100K	3.3x
Short	Extended EDGE-USD	0.5878	0.0464	get 0.0058% / 1h	38m 11s	$27K	$230K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Backpack. 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

Position, each leg$Hold fordaysFee BackpackbpFee ExtendedbpOrdersPrice spread, now −0.035%Rate

Funding earned: $76.44
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $57.94
Costs to cover: 0.150%
Break-even: 1.7 days

Slippage unknown: Backpack: no order-book sample; Extended: live order book, 44 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 Extended live order book, 44 min ago	4.51 bp	137.2 bp −$137	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
Lighter EDGE	+0.0096%	1h	0.5863	−0.292%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5873	−0.128%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5886	+0.094%	$4.7M	$996K	20x	as long as short
Backpack EDGE_USDC_PERPlong	+0.0100%	1h	0.5880	long leg	$59K	$100K	3.3x
Variational Omni EDGE	+0.0100%	4h	0.5893	+0.218%	$192K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5909	+0.482%	$8K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5908	+0.468%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5878	−0.043%	$4K	$605K	10x	as long as short
KuCoin EDGEUSDTM	+0.0246%	4h	0.5895	+0.247%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0457%	4h	0.5918	+0.638%	$630K	$126K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0458%	4h	0.5881	+0.009%	$1.2M	$919K	50x	as long as short
Binance EDGEUSDT	+0.0463%	4h	0.5880	−0.009%	$10.0M	$10.1M	50x	as long as short
Extended EDGE-USDshort	+0.0464%	1h	0.5878	−0.035%	$27K	$230K	5x
Aster EDGEUSDT	+0.0473%	4h	0.5907	+0.453%	$68K	$136K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0520%	4h	0.5887	+0.111%	$3K	—	10x	as long as short
edgeX EDGEUSDC	+0.0530%	4h	0.5916	+0.603%	$14.1M	$3.4M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0530%	4h	0.5882	+0.026%	$3.6M	$5.8M	20x	as long as short