Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.023%

Price spread now: Extended against OKX−0.010%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1881.879% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.010%, 7d avg −0.077%

Together, before fees+0.136%+ Points / potential airdropExtended: Active · farm board+$14 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 0.067% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EDGE-USDT-SWAP	0.5999	0.0596	pay 0.0298% / 4h	3h 37m	$3.8M	$6.2M	20x
Short	Extended EDGE-USD	0.5998	0.0592	get 0.0074% / 1h	37m 38s	$29K	$267K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$0.79
Price spread: −0.010% → −0.077%: $6.72
Slippage, 4 orders: −$172.91
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$181.98
Costs to cover: 1.879%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Extended: live order book, 15 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, 5 min ago	4.18 bp	27.3 bp −$27	145.2 bp −$1,452	doesn't fit	doesn't fit
Sell Extended live order book, 15 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	0.5988	−0.178%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5987	−0.200%	$7.3M	$3.4M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5986	−0.217%	$4.8M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5997	−0.032%	$58K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5970	−0.491%	$188K	$145K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5988	−0.183%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5956	−0.717%	$4K	$647K	10x	as long as short
KuCoin EDGEUSDTM	+0.0204%	4h	0.5993	−0.100%	$2.1M	$2.2M	50x	as long as short
GRVT EDGE_USDT_Perp	+0.0266%	4h	0.5981	−0.300%	$7K	$3.3M	10x	as long as short
Aster EDGEUSDT	+0.0405%	4h	0.5992	−0.110%	$52K	$152K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USDshort	+0.0592%	1h	0.5998	−0.010%	$29K	$267K	5x
MEXC EDGE_USDT	+0.0594%	4h	0.6002	+0.050%	$1.1M	$718K	50x	as long as short
OKX EDGE-USDT-SWAPlong	+0.0596%	4h	0.5999	long leg	$3.8M	$6.2M	20x
Binance EDGEUSDT	+0.0604%	4h	0.6001	+0.033%	$10.4M	$11.0M	50x	as long as short
edgeX EDGEUSDC	+0.0608%	4h	0.5988	−0.185%	$14.4M	$3.7M	30x	as long as short
BloFin EDGE-USDT	+0.0631%	4h	0.5991	−0.133%	$672K	$106K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0682%	4h	0.5988	−0.183%	$2K	$1K	10x	as long as short