EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0165%/8h= −18.1% APRnext payment −$0.83 per $10,000 · paid last 24h −0.066%

Price spread now: OKX against Orderly+0.100%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 OKX

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. OKX is 0.100% dearer against Orderly than usual: you sell high and buy low (spread +0.100% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5998	0.0576	pay 0.0288% / 4h	20m 04s	$3K	—	10x
Short	OKX EDGE-USDT-SWAP	0.6004	0.0411	get 0.0206% / 4h	20m 04s	$3.8M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$34.73
Price spread: +0.100% → 0.000%: $10
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.72
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	5.01 bp	24.7 bp −$25	144.8 bp −$1,448	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	−0.0093%	1h	0.6001	+0.043%	$59K	$111K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5992	−0.102%	$44K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5997	−0.017%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5990	−0.133%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5991	−0.117%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5972	−0.427%	$189K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5979	−0.317%	$2K	$2.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6017	+0.317%	$9K	$304K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5958	−0.667%	$4K	$625K	10x	as long as short
OKX EDGE-USDT-SWAPshort	+0.0411%	4h	0.6004	+0.100%	$3.8M	$5.9M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0414%	4h	0.5980	−0.300%	$659K	$103K	50x	as long as short
edgeX EDGEUSDC	+0.0437%	4h	0.5986	−0.197%	$14.3M	$3.6M	30x	as long as short
Binance EDGEUSDT	+0.0439%	4h	0.6004	+0.098%	$10.3M	$10.5M	50x	as long as short
Extended EDGE-USD	+0.0440%	1h	0.5999	+0.015%	$27K	$193K	5x	as long as short
MEXC EDGE_USDT	+0.0442%	4h	0.6003	+0.083%	$1.1M	$895K	50x	as long as short
Aster EDGEUSDT	+0.0485%	4h	0.5998	−0.008%	$60K	$150K	5x	as long as short
Orderly PERP_EDGE_USDClong	+0.0576%	4h	0.5998	long leg	$3K	—	10x