Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1056%/8h= −115.6% APRpaid last 24h −0.852%

Price spread now: edgeX against Bybit+5.438%61s7-day average −0.556% · you sell dearer than you buy

Net, funding: paid 7d − costs+$250as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1901.902% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+4.404%+$440 on $10k

Price spread, last 7 days−5.533%−$553 · spread now +5.438%, 7d avg −0.556%

Together, before fees−1.129%+ Points / potential airdropedgeX: Active · farm board−$113 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 5.994% dearer against Bybit than usual: you sell high and buy low (spread +5.438% now, against its 7-day average of −0.556%): +$599 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 7 days funding on this pair paid +4.404%, so the current rate has only just turned against you. The two prices were read 61 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	Bybit AKEUSDT	0.05327	0.1592	pay 0.0199% / 1h	4m 31s	$16.8M	$185.3M	25x
Short	edgeX 1000AKEUSDC	0.05617	0.0537	get 0.0268% / 4h	4m 31s	$246K	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee edgeXbpOrdersPrice spread, now +5.438%Rate

Funding earned: −$221.73
Price spread: +5.438% → −0.556%: $599.41
Slippage, 4 orders: −$170.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $187.49
Costs to cover: 1.902%
Break-even: from the start

Slippage from Bybit: live order book, 5 min ago; edgeX: live order book, 4 min ago.

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 Bybit live order book, 5 min ago	0.67 bp	36.4 bp −$36	106.1 bp −$1,061	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	7.02 bp	78.4 bp −$78	doesn't fit	doesn't fit	doesn't fit

AKE on 14 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
Aster AKEUSDT	+0.0100%	1h	0.05333	+0.114%	$621K	$3.8M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05336	+0.170%	—	$755K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05244	−1.557%	$153K	$1.7M	10x	as long as short
Bitget AKEUSDT	+0.0326%	4h	0.05336	+0.163%	$2.0M	$44.7M	10x	as long as short
KuCoin AKEUSDTM	+0.0398%	4h	0.05324	−0.057%	$7.5M	$44.3M	10x	as long as short
Binance AKEUSDT	+0.0416%	4h	0.05341	+0.250%	$27.0M	$511.9M	10x	as long as short
OKX AKE-USDT-SWAP	+0.0428%	4h	0.05332	+0.087%	$4.7M	$449.0M	20x	as long as short
MEXC AKE_USDT	+0.0454%	4h	0.05332	+0.089%	$14.0M	$35.6M	20x	as long as short
Extended AKE-USD	+0.0456%	1h	0.05363	+0.662%	$72K	$286K	5x	as long as short
Gate AKE_USDT	+0.0498%	4h	0.05351	+0.445%	$5.0M	$86.2M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX 1000AKEUSDCshort	+0.0537%	4h	0.05617	+5.438%	$246K	$1.3M	5x
BingX AKE-USDT	+0.0758%	4h	0.05344	+0.322%	—	$11.4M	—	as long as short
Bybit AKEUSDTlong	+0.1592%	1h	0.05327	long leg	$16.8M	$185.3M	25x
Variational Omni AKE	+0.3149%	1h	0.05424	+1.812%	$157K	$676K	—	as long as short