EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.52 per $10,000 · paid last 24h −0.027%

Price spread now: Binance against Orderly+0.086%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Binance

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—needs both histories

The price spread pays, funding is against you. Binance is 0.086% dearer against Orderly than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5828	0.0538	pay 0.0269% / 4h	1h 28m	$3K	—	10x
Short	Binance EDGEUSDT	0.5833	0.0435	get 0.0217% / 4h	1h 28m	$9.9M	$10.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now +0.086%Rate

Funding earned: −$21.72
Price spread: +0.086% → 0.000%: $8.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.14
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 11 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.85 bp	26.4 bp −$26	177.1 bp −$1,771	doesn't fit	doesn't fit

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
Lighter EDGE	+0.0096%	1h	0.5812	−0.280%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5821	−0.120%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5828	0.000%	$4.6M	$995K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5821	−0.124%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5807	−0.356%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5820	−0.139%	$2K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5828	0.000%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5776	−0.892%	$4K	$608K	10x	as long as short
KuCoin EDGEUSDTM	+0.0184%	4h	0.5822	−0.103%	$2.1M	$2.3M	50x	as long as short
Extended EDGE-USD	+0.0432%	1h	0.5822	−0.105%	$26K	$230K	5x	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	+0.0434%	4h	0.5835	+0.120%	$1.2M	$919K	50x	as long as short
Binance EDGEUSDTshort	+0.0435%	4h	0.5833	+0.086%	$9.9M	$10.1M	50x
Aster EDGEUSDT	+0.0443%	4h	0.5830	+0.030%	$67K	$136K	5x	as long as short
BloFin EDGE-USDT	+0.0468%	4h	0.5832	+0.069%	$635K	$124K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0496%	4h	0.5831	+0.051%	$3.6M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0508%	4h	0.5842	+0.244%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDClong	+0.0538%	4h	0.5828	long leg	$3K	—	10x