EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0489%/8h= +53.5% APRnext payment +$2.44 per $10,000 · paid last 24h +0.121%

Price spread now: Orderly against Bybit+0.185%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Orderly is 0.185% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5951	0.0100	pay 0.0050% / 4h	3h 28m	$7.2M	$3.3M	25x
Short	Orderly PERP_EDGE_USDC	0.5962	0.0589	get 0.0294% / 4h	3h 28m	$3K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now +0.185%Rate

Funding earned: $102.61
Price spread: +0.185% → 0.000%: $18.48
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $104.09
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 min ago; Orderly: 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 Bybit live order book, 4 min ago	1.69 bp	117.0 bp −$117	404.1 bp −$4,041	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Lighter EDGE	+0.0096%	1h	0.5951	+0.003%	$43K	$19K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5951	long leg	$7.2M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5959	+0.134%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5963	+0.202%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5956	+0.082%	$58K	$111K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5956	+0.083%	$191K	$139K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5963	+0.204%	$8K	$2.6M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5969	+0.302%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5926	−0.420%	$3K	$623K	10x	as long as short
Aster EDGEUSDT	+0.0450%	4h	0.5971	+0.329%	$56K	$153K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0485%	4h	0.5970	+0.319%	$657K	$103K	50x	as long as short
Extended EDGE-USD	+0.0496%	1h	0.5957	+0.096%	$27K	$196K	5x	as long as short
MEXC EDGE_USDT	+0.0498%	4h	0.5960	+0.151%	$1.1M	$864K	50x	as long as short
Binance EDGEUSDT	+0.0498%	4h	0.5960	+0.151%	$10.2M	$10.5M	50x	as long as short
edgeX EDGEUSDC	+0.0515%	4h	0.5940	−0.185%	$14.2M	$3.7M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0544%	4h	0.5963	+0.202%	$3.8M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDCshort	+0.0589%	4h	0.5962	+0.185%	$3K	$1K	10x