EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.2% APRnext payment +$0.28 per $10,000 · paid last 24h −0.043%

Price spread now: OKX against Binance−0.116%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1361.363% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$17 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.116%, 7d avg +0.016%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.132% cheaper against Binance than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of +0.016%). If the spread goes back, that is −$13 on $10k: about 7.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.165%, 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	Binance EDGEUSDT	0.5804	0.0376	pay 0.0188% / 4h	2h 07m	$9.9M	$10.0M	50x
Short	OKX EDGE-USDT-SWAP	0.5797	0.0433	get 0.0216% / 4h	2h 07m	$3.5M	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $11.81
Price spread: −0.116% → +0.016%: −$13.18
Slippage, 4 orders: −$116.35
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$137.72
Costs to cover: 1.363%
Break-even: 88.7 days

Slippage from Binance: live order book, 2 min ago; OKX: live order book, 5 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, 2 min ago	0.85 bp	28.5 bp −$28	246.1 bp −$2,461	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.85 bp	33.5 bp −$33	166.0 bp −$1,660	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
Backpack EDGE_USDC_PERP	−0.0104%	1h	0.5814	+0.182%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5794	−0.166%	$54K	$10K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5796	−0.133%	$6.8M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5799	−0.081%	$4.6M	$991K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5852	+0.838%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5868	+1.102%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5868	+1.108%	$8K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5778	−0.443%	$3K	$603K	10x	as long as short
KuCoin EDGEUSDTM	+0.0130%	4h	0.5803	−0.012%	$2.0M	$2.3M	50x	as long as short
Aster EDGEUSDT	+0.0349%	4h	0.5809	+0.084%	$67K	$135K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0376%	1h	0.5794	−0.164%	$26K	$230K	5x	as long as short
Binance EDGEUSDTlong	+0.0376%	4h	0.5804	long leg	$9.9M	$10.0M	50x
MEXC EDGE_USDT	+0.0378%	4h	0.5809	+0.091%	$1.1M	$938K	50x	as long as short
edgeX EDGEUSDC	+0.0420%	4h	0.5866	+1.067%	$14.0M	$3.4M	30x	as long as short
BloFin EDGE-USDT	+0.0430%	4h	0.5868	+1.108%	$633K	$125K	50x	as long as short
OKX EDGE-USDT-SWAPshort	+0.0433%	4h	0.5797	−0.116%	$3.5M	$5.7M	20x
Orderly PERP_EDGE_USDC	+0.0448%	4h	0.5805	+0.022%	$3K	—	10x	as long as short