Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC+0.015%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1561.561% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.015%, 7d avg −0.049%

Together, before fees−0.059%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.064% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC EDGE_USDT	0.5959	0.0470	pay 0.0235% / 4h	19m 37s	$1.1M	$761K	50x
Short	Extended EDGE-USD	0.5960	0.0472	get 0.0059% / 1h	19m 37s	$31K	$269K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. 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 MEXCbpFee ExtendedbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0.42
Price spread: +0.015% → −0.049%: $6.41
Slippage, 4 orders: −$143.09
Fee MEXC: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$149.26
Costs to cover: 1.561%
Break-even: 2494.6 days

Slippage from MEXC: live order book, 1 min ago; Extended: live order book, 39 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 MEXC live order book, 1 min ago	0.84 bp	5.3 bp −$5	76.8 bp −$768	217.4 bp −$21.7K	767.2 bp −$383.6K
Sell Extended live order book, 39 min ago	3.39 bp	95.4 bp −$95	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	0.5947	−0.196%	$43K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5951	−0.134%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5962	+0.050%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5960	+0.017%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5958	−0.015%	$58K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5950	−0.152%	$188K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5964	+0.079%	$488	$3.1M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5977	+0.302%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5912	−0.789%	$4K	$646K	10x	as long as short
Aster EDGEUSDT	+0.0282%	4h	0.5963	+0.074%	$52K	$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	+0.0428%	4h	0.5955	−0.067%	$670K	$105K	50x	as long as short
edgeX EDGEUSDC	+0.0444%	4h	0.5966	+0.114%	$14.3M	$3.7M	30x	as long as short
MEXC EDGE_USDTlong	+0.0470%	4h	0.5959	long leg	$1.1M	$761K	50x
Extended EDGE-USDshort	+0.0472%	1h	0.5960	+0.015%	$31K	$269K	5x
Binance EDGEUSDT	+0.0472%	4h	0.5961	+0.034%	$10.3M	$11.0M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0479%	4h	0.5961	+0.034%	$3.8M	$6.1M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0634%	4h	0.5954	−0.084%	$2K	$1K	10x	as long as short