Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.025%

Price spread now: Extended against edgeX+0.295%53s7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1731.725% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.295%, 7d avg −0.061%

Together, before fees+0.045%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.356% dearer against edgeX than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.061%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EDGEUSDC	0.5943	0.0513	pay 0.0256% / 4h	3h 02m	$14.3M	$3.8M	30x
Short	Extended EDGE-USD	0.5960	0.0568	get 0.0071% / 1h	2m 24s	$28K	$267K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against edgeX. 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 edgeXbpFee ExtendedbpOrdersPrice spread, now +0.295%Rate

Funding earned: $11.58
Price spread: +0.295% → −0.061%: $35.59
Slippage, 4 orders: −$158.52
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$125.35
Costs to cover: 1.725%
Break-even: 82.8 days

Slippage from edgeX: live order book, 2 min ago; Extended: live order book, 51 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 edgeX live order book, 2 min ago	6.71 bp	13.5 bp −$13	104.3 bp −$1,043	doesn't fit	doesn't fit
Sell Extended live order book, 51 min ago	3.26 bp	90.2 bp −$90	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	0.5948	+0.081%	$43K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5937	−0.099%	$7.2M	$3.4M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5944	+0.019%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5947	+0.066%	$60K	$124K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5934	−0.157%	$187K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5942	−0.015%	$2K	$3.4M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5947	+0.069%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5902	−0.688%	$4K	$648K	10x	as long as short
KuCoin EDGEUSDTM	+0.0166%	4h	0.5952	+0.154%	$2.1M	$2.2M	50x	as long as short
Aster EDGEUSDT	+0.0380%	4h	0.5946	+0.050%	$52K	$157K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDClong	+0.0513%	4h	0.5943	long leg	$14.3M	$3.8M	30x
OKX EDGE-USDT-SWAP	+0.0517%	4h	0.5964	+0.356%	$3.7M	$6.1M	20x	as long as short
BloFin EDGE-USDT	+0.0552%	4h	0.5949	+0.103%	$668K	$106K	50x	as long as short
MEXC EDGE_USDT	+0.0564%	4h	0.5959	+0.271%	$1.1M	$737K	50x	as long as short
Binance EDGEUSDT	+0.0566%	4h	0.5959	+0.271%	$10.4M	$11.0M	50x	as long as short
Extended EDGE-USDshort	+0.0568%	1h	0.5960	+0.295%	$28K	$267K	5x
Orderly PERP_EDGE_USDC	+0.0670%	4h	0.5953	+0.170%	$2K	$1K	10x	as long as short