EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0511%/8h= −55.9% APRnext payment −$2.55 per $10,000 · paid last 24h −0.121%

Price spread now: Variational Omni against Orderly−0.017%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_EDGE_USDC	0.5985	0.0611	pay 0.0305% / 4h	1h 33m	$2K	$1K	10x
Short	Variational Omni EDGE	0.5984	0.0100	get 0.0050% / 4h	1h 33m	$189K	$144K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.017%Rate

Funding earned: −$107.21
Price spread: −0.017% → 0.000%: −$1.75
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$114.96
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 11 min ago	8.33 bp	doesn't fit	446.4 bp −$4,464	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	−0.0480%	1h	0.5979	−0.094%	$59K	$120K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5972	−0.211%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5976	−0.150%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5985	0.000%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5984	−0.017%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGEshort	+0.0100%	4h	0.5984	−0.017%	$189K	$144K	—
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6003	+0.300%	$7K	$2.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6002	+0.284%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5956	−0.485%	$4K	$642K	10x	as long as short
Aster EDGEUSDT	+0.0299%	4h	0.5985	+0.001%	$53K	$156K	5x	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	+0.0438%	4h	0.5986	+0.017%	$665K	$106K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0446%	4h	0.5989	+0.067%	$3.7M	$6.1M	20x	as long as short
MEXC EDGE_USDT	+0.0468%	4h	0.5985	0.000%	$1.1M	$801K	50x	as long as short
Binance EDGEUSDT	+0.0468%	4h	0.5984	−0.012%	$10.3M	$10.8M	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5983	−0.041%	$29K	$84K	5x	as long as short
edgeX EDGEUSDC	+0.0480%	4h	0.6003	+0.305%	$14.4M	$3.7M	30x	as long as short
Orderly PERP_EDGE_USDClong	+0.0611%	4h	0.5985	long leg	$2K	$1K	10x