Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0254%/8hpaid last 24h +0.022%

Price spread now: Orderly against Extended−0.018%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 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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5969	0.0176	pay 0.0022% / 1h	7m 02s	$27K	$230K	5x
Short	Orderly PERP_EDGE_USDC	0.5968	0.0430	get 0.0215% / 4h	7m 02s	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.018%Rate

Funding earned: $53.25
Price spread: −0.018% → 0.000%: −$1.76
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $40.49
Costs to cover: 0.110%
Break-even: 1.7 days

Slippage unknown: Extended: live order book, 24 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 Extended live order book, 24 min ago	5.34 bp	38.9 bp −$39	469.3 bp −$4,693	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
Backpack EDGE_USDC_PERP	−0.0788%	1h	0.5968	−0.011%	$57K	$98K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5954	−0.247%	$55K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5961	−0.135%	$7.0M	$3.2M	25x	as long as short
OKX EDGE-USDT-SWAP	+0.0100%	4h	0.5974	+0.083%	$3.7M	$5.7M	20x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5971	+0.033%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5962	−0.118%	$4.7M	$961K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5951	−0.295%	$192K	$129K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5962	−0.120%	$10K	$1.5M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5973	+0.066%	$6K	$291K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5924	−0.755%	$4K	$582K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0105%	4h	0.5970	+0.013%	$14.3M	$3.4M	30x	as long as short
BloFin EDGE-USDT	+0.0162%	4h	0.5965	−0.068%	$649K	$127K	50x	as long as short
Extended EDGE-USDlong	+0.0176%	1h	0.5969	long leg	$27K	$230K	5x
MEXC EDGE_USDT	+0.0178%	4h	0.5969	−0.001%	$1.2M	$922K	50x	as long as short
Binance EDGEUSDT	+0.0179%	4h	0.5970	+0.016%	$10.1M	$9.8M	50x	as long as short
Aster EDGEUSDT	+0.0200%	4h	0.5971	+0.032%	$69K	$133K	5x	as long as short
Orderly PERP_EDGE_USDCshort	+0.0430%	4h	0.5968	−0.018%	$3K	—	10x