EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0364%/8h= −39.9% APRnext payment −$0.46 per $10,000 · paid last 24h −0.175%

Price spread now: Backpack against Extended−0.102%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.519%+$52 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Backpack is 0.102% cheaper against Extended than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.519%, 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	Extended EDGE-USD	0.5886	0.0464	pay 0.0058% / 1h	37m 42s	$27K	$230K	5x
Short	Backpack EDGE_USDC_PERP	0.5880	0.0100	get 0.0013% / 1h	37m 42s	$59K	$100K	3.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$76.44
Price spread: −0.102% → 0.000%: −$10.19
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$101.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 44 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 Extended live order book, 44 min ago	4.51 bp	48.0 bp −$48	487.2 bp −$4,872	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
Lighter EDGE	+0.0096%	1h	0.5875	−0.202%	$55K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5879	−0.127%	$7.0M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5885	−0.025%	$4.7M	$995K	20x	as long as short
Backpack EDGE_USDC_PERPshort	+0.0100%	1h	0.5880	−0.102%	$59K	$100K	3.3x
Variational Omni EDGE	+0.0100%	4h	0.5893	+0.116%	$192K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5909	+0.379%	$8K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5908	+0.365%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5878	−0.144%	$4K	$605K	10x	as long as short
KuCoin EDGEUSDTM	+0.0230%	4h	0.5891	+0.076%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0457%	4h	0.5918	+0.535%	$630K	$126K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0462%	4h	0.5884	−0.042%	$1.2M	$919K	50x	as long as short
Extended EDGE-USDlong	+0.0464%	1h	0.5886	long leg	$27K	$230K	5x
Binance EDGEUSDT	+0.0476%	4h	0.5884	−0.041%	$10.0M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0489%	4h	0.5877	−0.162%	$67K	$136K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0520%	4h	0.5887	+0.009%	$3K	—	10x	as long as short
edgeX EDGEUSDC	+0.0530%	4h	0.5916	+0.500%	$14.1M	$3.4M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0530%	4h	0.5889	+0.042%	$3.6M	$5.8M	20x	as long as short