EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0200%/8h= −21.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.025%

Price spread now: MEXC against Orderly+0.167%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 MEXC

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. MEXC is 0.167% dearer against Orderly than usual: you sell high and buy low (spread +0.167% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$6 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	0.5986	0.0760	pay 0.0380% / 4h	3h 30m	$3K	—	10x
Short	MEXC EDGE_USDT	0.5996	0.0560	get 0.0280% / 4h	3h 30m	$1.2M	$913K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$42
Price spread: +0.167% → 0.000%: $16.71
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$39.29
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.83 bp	7.7 bp −$8	69.7 bp −$697	257.6 bp −$25.8K	863.6 bp −$431.8K

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	−0.0003%	1h	0.5992	+0.095%	$57K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5979	−0.115%	$50K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5986	0.000%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5986	0.000%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5991	+0.084%	$4.8M	$1.0M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5982	−0.066%	$191K	$127K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5982	−0.067%	$3K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5985	−0.017%	$9K	$293K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5952	−0.568%	$4K	$615K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0504%	4h	0.5992	+0.100%	$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-USDT	+0.0536%	4h	0.5990	+0.067%	$652K	$96K	50x	as long as short
edgeX EDGEUSDC	+0.0550%	4h	0.5989	+0.042%	$14.3M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0553%	4h	0.5990	+0.067%	$69K	$133K	5x	as long as short
Extended EDGE-USD	+0.0560%	1h	0.5994	+0.129%	$27K	$224K	5x	as long as short
MEXC EDGE_USDTshort	+0.0560%	4h	0.5996	+0.167%	$1.2M	$913K	50x
Binance EDGEUSDT	+0.0567%	4h	0.5994	+0.134%	$10.2M	$10.2M	50x	as long as short
Orderly PERP_EDGE_USDClong	+0.0760%	4h	0.5986	long leg	$3K	—	10x