EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0489%/8h= −53.6% APRnext payment −$2.45 per $10,000 · paid last 24h −0.121%

Price spread now: Bybit against Orderly−0.101%7-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 Bybit

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 −$15 a day on $10k at the current rate, and Bybit is 0.101% cheaper against Orderly than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5963	0.0589	pay 0.0295% / 4h	2h 15m	$3K	$1K	10x
Short	Bybit EDGEUSDT	0.5957	0.0100	get 0.0050% / 4h	2h 15m	$7.2M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$102.74
Price spread: −0.101% → 0.000%: −$10.06
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$129.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.36 bp	121.6 bp −$122	332.2 bp −$3,322	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	+0.0064%	1h	0.5963	+0.005%	$59K	$117K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5961	−0.029%	$43K	$19K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5957	−0.101%	$7.2M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5968	+0.084%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5965	+0.034%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5951	−0.201%	$188K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5980	+0.285%	$9K	$2.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5986	+0.386%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5923	−0.671%	$4K	$634K	10x	as long as short
Aster EDGEUSDT	+0.0342%	4h	0.5963	+0.006%	$52K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0462%	4h	0.5972	+0.151%	$10.2M	$10.6M	50x	as long as short
Extended EDGE-USD	+0.0464%	1h	0.5965	+0.041%	$27K	$87K	5x	as long as short
MEXC EDGE_USDT	+0.0472%	4h	0.5968	+0.084%	$1.1M	$822K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0476%	4h	0.5974	+0.184%	$3.7M	$6.0M	20x	as long as short
BloFin EDGE-USDT	+0.0481%	4h	0.5975	+0.201%	$651K	$103K	50x	as long as short
edgeX EDGEUSDC	+0.0491%	4h	0.5962	−0.010%	$14.3M	$3.6M	30x	as long as short
Orderly PERP_EDGE_USDClong	+0.0589%	4h	0.5963	long leg	$3K	$1K	10x