Funding you earn now, next payment 22:00 UTC+0.0688%/8h= +75.3% APRpaid last 24h +0.124%
Price spread now: OKX against Backpack+0.099%7-day average +0.173% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.696%−$70 on $10k
+Price spread, last 3 days (all we have)+0.186%+$19 · spread now +0.099%, 7d avg +0.173%
=Funding pays, the price is against you. OKX is 0.074% cheaper against Backpack than usual: you would sell low and buy high (spread +0.099% now, against its 7-day average of +0.173%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.696%, 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 | 0.5876 | −0.0363 | get 0.0045% / 1h | 23m 42s | $59K | $100K | 3.3x |
| Short | OKX EDGE-USDT-SWAP | 0.5882 | 0.0325 | get 0.0162% / 4h | 2h 23m | $3.6M | $5.7M | 20x |
Backpack EDGE_USDC_PERP
OKX EDGE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $144.41
- Price spread: +0.099% → +0.173%
- −$7.4
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $117
- Costs to cover
- 0.200%
- Break-even
- 1.3 days
Slippage unknown: Backpack: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago | 0.86 bp | 29.7 bp −$30 | 155.6 bp −$1,556 | 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 | −0.0363% | 1h | 0.5876 | long leg | $59K | $100K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5864 | −0.214% | $54K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5867 | −0.157% | $7.0M | $3.2M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5874 | −0.037% | $2.1M | $2.3M | 50x | as long as short |
| Bitget EDGEUSDT | +0.0100% | 4h | 0.5876 | −0.003% | $4.7M | $989K | 20x | as long as short |
| Variational Omni EDGE | +0.0100% | 4h | 0.5859 | −0.296% | $190K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5846 | −0.513% | $2K | $1.7M | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0100% | 1h | 0.5852 | −0.412% | $6K | $294K | 50x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.5835 | −0.701% | $4K | $603K | 10x | as long as short |
| BloFin EDGE-USDT | +0.0254% | 4h | 0.5872 | −0.071% | $634K | $126K | 50x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Bitget EDGEUSDT
Variational Omni EDGE
GRVT EDGE_USDT_Perp
ApeX Omni EDGEUSDT
SunX EDGE-USDT
BloFin EDGE-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX EDGEUSDC | +0.0269% | 4h | 0.5840 | −0.615% | $14.0M | $3.4M | 30x | as long as short |
| MEXC EDGE_USDT | +0.0316% | 4h | 0.5880 | +0.065% | $1.2M | $929K | 50x | as long as short |
| Binance EDGEUSDT | +0.0317% | 4h | 0.5880 | +0.065% | $10.0M | $10.0M | 50x | as long as short |
| Aster EDGEUSDT | +0.0319% | 4h | 0.5860 | −0.276% | $67K | $134K | 5x | as long as short |
| Extended EDGE-USD | +0.0320% | 1h | 0.5877 | +0.017% | $27K | $230K | 5x | as long as short |
| OKX EDGE-USDT-SWAPshort | +0.0325% | 4h | 0.5882 | +0.099% | $3.6M | $5.7M | 20x | |
| Orderly PERP_EDGE_USDC | +0.0416% | 4h | 0.5875 | −0.020% | $3K | — | 10x | as long as short |
edgeX EDGEUSDC
MEXC EDGE_USDT
Binance EDGEUSDT
Aster EDGEUSDT
Extended EDGE-USD
Orderly PERP_EDGE_USDC