EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0238%/8h= −26.0% APRnext payment −$1.19 per $10,000 · paid last 24h −0.027%

Price spread now: BloFin against Orderly−0.050%52s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on BloFin

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.050% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5980	0.0761	pay 0.0380% / 4h	3h 31m	$3K	—	10x
Short	BloFin EDGE-USDT	0.5977	0.0523	get 0.0262% / 4h	3h 31m	$645K	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$49.91
Price spread: −0.050% → 0.000%: −$5.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$72.93
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 40 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 BloFin live order book, 40 min ago	5.04 bp	24.4 bp −$24	97.6 bp −$976	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
Backpack EDGE_USDC_PERP	−0.0018%	1h	0.5990	+0.167%	$57K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5976	−0.065%	$50K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5981	+0.017%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5983	+0.050%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5987	+0.117%	$4.8M	$1.0M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5976	−0.066%	$192K	$127K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5982	+0.033%	$3K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6004	+0.401%	$9K	$293K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5939	−0.686%	$4K	$615K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0513%	4h	0.5997	+0.284%	$3.7M	$5.9M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDTshort	+0.0523%	4h	0.5977	−0.050%	$645K	$95K	50x
edgeX EDGEUSDC	+0.0550%	4h	0.5989	+0.142%	$14.3M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0557%	4h	0.5982	+0.035%	$69K	$133K	5x	as long as short
Binance EDGEUSDT	+0.0568%	4h	0.5990	+0.167%	$10.2M	$10.2M	50x	as long as short
Extended EDGE-USD	+0.0568%	1h	0.5985	+0.088%	$27K	$224K	5x	as long as short
MEXC EDGE_USDT	+0.0578%	4h	0.5992	+0.201%	$1.2M	$913K	50x	as long as short
Orderly PERP_EDGE_USDClong	+0.0761%	4h	0.5980	long leg	$3K	—	10x