Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.275%67s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$777as 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−$7777.769% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.275%, 7d avg −0.033%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.241% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.275% now, against its 7-day average of −0.033%). If the spread goes back, that is −$24 on $10k: about 8.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (0.000% in total) that is about years. The two prices were read 67 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	ApeX Omni EDGEUSDT	0.5828	0.0100	pay 0.0013% / 1h	30m 24s	$8K	$294K	50x
Short	KuCoin EDGEUSDTM	0.5812	0.0194	get 0.0097% / 4h	1h 30m	$2.1M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.275%Rate

Funding earned: $19.74
Price spread: −0.275% → −0.033%: −$24.13
Slippage, 4 orders: −$754.91
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$781.3
Costs to cover: 7.769%
Break-even: 284.1 days

Slippage from ApeX Omni: live order book, 52 min ago; KuCoin: live order book, 1 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 ApeX Omni live order book, 52 min ago	18.70 bp	186.5 bp −$186	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	6.02 bp	283.4 bp −$283	895.6 bp −$8,956	doesn't fit	doesn't fit

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
Lighter EDGE	+0.0096%	1h	0.5794	−0.587%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5800	−0.480%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5812	−0.275%	$4.6M	$995K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5807	−0.357%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5807	−0.356%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5850	+0.381%	$2K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5828	long leg	$8K	$294K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5776	−0.892%	$4K	$608K	10x	as long as short
KuCoin EDGEUSDTMshort	+0.0194%	4h	0.5812	−0.275%	$2.1M	$2.3M	50x
BloFin EDGE-USDT	+0.0410%	4h	0.5823	−0.086%	$633K	$124K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0442%	4h	0.5812	−0.281%	$9.9M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0445%	4h	0.5811	−0.298%	$67K	$136K	5x	as long as short
Extended EDGE-USD	+0.0448%	1h	0.5806	−0.378%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0450%	4h	0.5811	−0.292%	$1.1M	$919K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0479%	4h	0.5808	−0.343%	$3.6M	$5.7M	20x	as long as short
edgeX EDGEUSDC	+0.0508%	4h	0.5842	+0.244%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0530%	4h	0.5810	−0.309%	$3K	—	10x	as long as short