EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.043%

Price spread now: Binance against OKX−0.061%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1331.331% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.061%, 7d avg −0.016%

Together, before fees+0.249%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.045% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.165%, 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	OKX EDGE-USDT-SWAP	0.5872	0.0423	pay 0.0211% / 4h	2h 14m	$3.6M	$5.7M	20x
Short	Binance EDGEUSDT	0.5868	0.0411	get 0.0205% / 4h	2h 14m	$10.0M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.061%Rate

Funding earned: −$2.46
Price spread: −0.061% → −0.016%: −$4.52
Slippage, 4 orders: −$113.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$140.05
Costs to cover: 1.331%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Binance: live order book, 11 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 OKX live order book, 4 min ago	1.70 bp	21.8 bp −$22	141.1 bp −$1,411	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.70 bp	45.0 bp −$45	218.1 bp −$2,181	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
Backpack EDGE_USDC_PERP	−0.0145%	1h	0.5870	−0.036%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5853	−0.320%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5863	−0.153%	$7.0M	$3.2M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5865	−0.119%	$4.7M	$990K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5862	−0.166%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5876	+0.069%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5875	+0.051%	$8K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6133	+4.445%	$4K	$602K	10x	as long as short
KuCoin EDGEUSDTM	+0.0148%	4h	0.5864	−0.136%	$2.1M	$2.3M	50x	as long as short
Aster EDGEUSDT	+0.0394%	4h	0.5864	−0.144%	$67K	$134K	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	+0.0399%	4h	0.5868	−0.068%	$629K	$126K	50x	as long as short
edgeX EDGEUSDC	+0.0403%	4h	0.5882	+0.175%	$14.1M	$3.4M	30x	as long as short
Extended EDGE-USD	+0.0408%	1h	0.5868	−0.074%	$27K	$230K	5x	as long as short
Binance EDGEUSDTshort	+0.0411%	4h	0.5868	−0.061%	$10.0M	$10.0M	50x
MEXC EDGE_USDT	+0.0418%	4h	0.5868	−0.068%	$1.2M	$930K	50x	as long as short
OKX EDGE-USDT-SWAPlong	+0.0423%	4h	0.5872	long leg	$3.6M	$5.7M	20x
Orderly PERP_EDGE_USDC	+0.0458%	4h	0.5867	−0.085%	$3K	—	10x	as long as short