Settings8H · net · $10k
Funding arb · Price arb /

EDGE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0065%/8h= −7.1% APRnext payment $0.32 per $10,000 · paid last 24h −0.068%
Price spread now: KuCoin against Aster−0.146%7-day average −0.026% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.208%−$21 on $10k
Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.146%, 7d avg −0.026%
Together, before fees−0.291%+ Points / potential airdropAster: Stage 5 · farm board−$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.120% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster EDGEUSDT0.58280.0165pay 0.0082% / 4h2h 48m$67K$134K5x
ShortKuCoin EDGEUSDTM0.58200.0100get 0.0050% / 4h2h 48m$2.1M$2.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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

Funding earned
−$13.62
Price spread: −0.146% → −0.026%
−$11.96
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$45.58
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 37 min ago; KuCoin: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 37 min ago5.10 bp52.9 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago3.44 bp384.3 bp −$384928.5 bp −$9,285doesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack EDGE_USDC_PERP−0.0766%1h0.5826−0.051%$59K$100K3.3xas long as short
Lighter EDGE+0.0096%1h0.5819−0.163%$54K$9K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5822−0.111%$6.9M$3.2M25xas long as short
KuCoin EDGEUSDTMshort+0.0100%4h0.5820−0.146%$2.1M$2.3M50x
Bitget EDGEUSDT+0.0100%4h0.5823−0.094%$4.6M$984K20xas long as short
Variational Omni EDGE+0.0100%4h0.5814−0.257%$190K$130Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5826−0.043%$6K$1.7M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5827−0.025%$6K$295K50xas long as short
SunX EDGE-USDT+0.0100%4h0.6090+4.487%$4K$599K10xas long as short
BloFin EDGE-USDT+0.0156%4h0.5815−0.231%$628K$124K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX EDGE-USDT-SWAP+0.0158%4h0.5835+0.112%$3.6M$5.7M20xas long as short
Aster EDGEUSDTlong+0.0165%4h0.5828long leg$67K$134K5x
edgeX EDGEUSDC+0.0178%4h0.5827−0.017%$13.9M$3.4M30xas long as short
Binance EDGEUSDT+0.0190%4h0.5837+0.146%$9.9M$10.0M50xas long as short
Extended EDGE-USD+0.0192%1h0.5832+0.060%$26K$230K5xas long as short
MEXC EDGE_USDT+0.0192%4h0.5834+0.095%$1.2M$920K50xas long as short
Orderly PERP_EDGE_USDC+0.0359%4h0.5824−0.077%$3K10xas long as short