Settings8H · net · $10k
Funding arb · Price arb /

EDGE

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0468%/8h= +51.2% APRpaid last 24h +0.066%
Price spread now: Extended against Bitget+0.085%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2152.146% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.233%+$23 on $10k
Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.085%, 7d avg +0.015%
Together, before fees+0.235%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Extended is 0.070% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.015%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.233% in total (about 12.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget EDGEUSDT0.60320.0100pay 0.0050% / 4h3h 10m$4.8M$1.0M20x
ShortExtended EDGE-USD0.60370.0568get 0.0071% / 1h10m 38s$27K$194K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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

Funding earned
$98.28
Price spread: +0.085% → +0.015%
$7.01
Slippage, 4 orders
−$197.63
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$109.34
Costs to cover
2.146%
Break-even
14.8 days
Slippage from Bitget: live order book, 2 min ago; Extended: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago7.49 bp34.3 bp −$34430.8 bp −$4,308doesn't fitdoesn't fit
Sell Extended live order book, 61 min ago4.87 bp113.9 bp −$114doesn't fitdoesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter EDGE+0.0096%1h0.6025−0.113%$50K$14K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.6023−0.149%$7.2M$3.3M25xas long as short
KuCoin EDGEUSDTM+0.0100%4h0.6023−0.149%$2.2M$2.2M50xas long as short
Bitget EDGEUSDTlong+0.0100%4h0.6032long leg$4.8M$1.0M20x
Backpack EDGE_USDC_PERP+0.0100%1h0.6016−0.265%$57K$99K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.6005−0.456%$192K$126Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.6013−0.315%$495$1.9M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.6016−0.265%$9K$294K50xas long as short
SunX EDGE-USDT+0.0100%4h0.6266+3.879%$4K$611K10xas long as short
OKX EDGE-USDT-SWAP+0.0458%4h0.6042+0.166%$3.7M$5.9M20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX EDGEUSDC+0.0461%4h0.6027−0.089%$14.4M$3.6M30xas long as short
Aster EDGEUSDT+0.0563%4h0.6019−0.223%$69K$133K5xas long as short
Extended EDGE-USDshort+0.0568%1h0.6037+0.085%$27K$194K5x
MEXC EDGE_USDT+0.0570%4h0.6039+0.116%$1.2M$916K50xas long as short
Binance EDGEUSDT+0.0572%4h0.6041+0.142%$10.3M$10.2M50xas long as short
BloFin EDGE-USDT+0.0591%4h0.6022−0.166%$650K$95K50xas long as short
Orderly PERP_EDGE_USDC+0.0792%4h0.6013−0.315%$3K10xas long as short