Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.013%

Price spread now: Extended against Binance−0.139%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2092.090% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.139%, 7d avg −0.059%

Together, before fees+0.031%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.080% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance EDGEUSDT	0.5968	0.0474	pay 0.0237% / 4h	3h 53m	$10.3M	$10.5M	50x
Short	Extended EDGE-USD	0.5959	0.0472	get 0.0059% / 1h	53m 27s	$27K	$198K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$0.4
Price spread: −0.139% → −0.059%: −$8.05
Slippage, 4 orders: −$193.96
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$217.41
Costs to cover: 2.090%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Extended: live order book, 63 min ago.

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 Binance live order book, 1 min ago	0.84 bp	39.2 bp −$39	196.7 bp −$1,967	doesn't fit	doesn't fit
Sell Extended live order book, 63 min ago	2.87 bp	87.6 bp −$88	doesn't fit	doesn't fit	doesn't fit

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	0.5955	−0.215%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5953	−0.245%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5960	−0.128%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5960	−0.128%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5959	−0.150%	$58K	$110K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5944	−0.388%	$189K	$136K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5966	−0.027%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5929	−0.647%	$4K	$626K	10x	as long as short
GRVT EDGE_USDT_Perp	+0.0148%	4h	0.5965	−0.039%	$8K	$2.5M	10x	as long as short
BloFin EDGE-USDT	+0.0425%	4h	0.5970	+0.040%	$660K	$103K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0463%	4h	0.5961	−0.111%	$58K	$152K	5x	as long as short
MEXC EDGE_USDT	+0.0468%	4h	0.5967	−0.011%	$1.1M	$863K	50x	as long as short
Extended EDGE-USDshort	+0.0472%	1h	0.5959	−0.139%	$27K	$198K	5x
Binance EDGEUSDTlong	+0.0474%	4h	0.5968	long leg	$10.3M	$10.5M	50x
edgeX EDGEUSDC	+0.0489%	4h	0.5963	−0.085%	$14.3M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0523%	4h	0.5967	−0.011%	$3.7M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0568%	4h	0.5964	−0.061%	$3K	$359	10x	as long as short