Funding you earn now, next payment 22:00 UTC−0.0806%/8h= −88.3% APRpaid last 24h −0.112%
Price spread now: Backpack against Bitget+0.027%7-day average −0.086% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.750%+$75 on $10k
+Price spread, last 3 days (all we have)−0.156%−$16 · spread now +0.027%, 7d avg −0.086%
=The price spread pays, funding is against you. Backpack is 0.113% dearer against Bitget than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.086%): +$11 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.750%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget EDGEUSDT | 0.5821 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $4.6M | $986K | 20x |
| Short | Backpack EDGE_USDC_PERP | 0.5823 | −0.0706 | pay 0.0088% / 1h | 52m 09s | $59K | $100K | 3.3x |
Bitget EDGEUSDT
Backpack EDGE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- −$169.27
- Price spread: +0.027% → −0.086%
- $11.31
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$179.96
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 1 min ago; Backpack: no order-book sample. 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 Bitget live order book, 1 min ago | 8.58 bp | 36.3 bp −$36 | 480.1 bp −$4,801 | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
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_PERPshort | −0.0706% | 1h | 0.5823 | +0.027% | $59K | $100K | 3.3x | |
| Lighter EDGE | +0.0096% | 1h | 0.5810 | −0.186% | $54K | $9K | 3x | as long as short |
| Bybit EDGEUSDT | +0.0100% | 4h | 0.5820 | −0.017% | $6.9M | $3.2M | 25x | as long as short |
| KuCoin EDGEUSDTM | +0.0100% | 4h | 0.5822 | +0.017% | $2.1M | $2.3M | 50x | as long as short |
| Bitget EDGEUSDTlong | +0.0100% | 4h | 0.5821 | long leg | $4.6M | $986K | 20x | |
| Variational Omni EDGE | +0.0100% | 4h | 0.5819 | −0.026% | $190K | $130K | — | as long as short |
| GRVT EDGE_USDT_Perp | +0.0100% | 4h | 0.5832 | +0.189% | $6K | $1.7M | 10x | as long as short |
| SunX EDGE-USDT | +0.0100% | 4h | 0.6097 | +4.741% | $4K | $598K | 10x | as long as short |
| ApeX Omni EDGEUSDT | +0.0147% | 1h | 0.5844 | +0.395% | $2K | $293K | 50x | as long as short |
| OKX EDGE-USDT-SWAP | +0.0168% | 4h | 0.5829 | +0.137% | $3.6M | $5.7M | 20x | as long as short |
Lighter EDGE
Bybit EDGEUSDT
KuCoin EDGEUSDTM
Variational Omni EDGE
GRVT EDGE_USDT_Perp
SunX EDGE-USDT
ApeX Omni EDGEUSDT
OKX EDGE-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EDGEUSDT | +0.0168% | 4h | 0.5829 | +0.146% | $67K | $134K | 5x | as long as short |
| BloFin EDGE-USDT | +0.0176% | 4h | 0.5832 | +0.189% | $632K | $125K | 50x | as long as short |
| Extended EDGE-USD | +0.0192% | 1h | 0.5821 | +0.008% | $26K | $230K | 5x | as long as short |
| edgeX EDGEUSDC | +0.0193% | 4h | 0.5832 | +0.183% | $13.9M | $3.4M | 30x | as long as short |
| Binance EDGEUSDT | +0.0194% | 4h | 0.5827 | +0.103% | $9.9M | $10.0M | 50x | as long as short |
| MEXC EDGE_USDT | +0.0196% | 4h | 0.5827 | +0.103% | $1.2M | $918K | 50x | as long as short |
| Orderly PERP_EDGE_USDC | +0.0364% | 4h | 0.5827 | +0.103% | $3K | — | 10x | as long as short |
Aster EDGEUSDT
BloFin EDGE-USDT
Extended EDGE-USD
edgeX EDGEUSDC
Binance EDGEUSDT
MEXC EDGE_USDT
Orderly PERP_EDGE_USDC