Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.069%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$619as in the Funding arb table

Net, price: spread back to 7d avg − costs−$623as in the Price arb table

costs, in and out, $10k−$6196.188% of the position

Long on Bitget 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 7 days−0.041%−$4 · spread now +0.069%, 7d avg +0.108%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.039% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.5825	0.0100	pay 0.0050% / 4h	2h 47m	$4.6M	$984K	20x
Short	KuCoin EDGEUSDTM	0.5829	0.0100	get 0.0050% / 4h	2h 47m	$2.1M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.108%: −$3.91
Slippage, 4 orders: −$594.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$622.7
Costs to cover: 6.188%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: 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 Bitget live order book, 5 min ago	8.58 bp	36.3 bp −$36	480.1 bp −$4,801	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.44 bp	384.3 bp −$384	928.5 bp −$9,285	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
Backpack EDGE_USDC_PERP	−0.0730%	1h	0.5830	+0.086%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5819	−0.110%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5826	+0.017%	$6.9M	$3.2M	25x	as long as short
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.5829	+0.069%	$2.1M	$2.3M	50x
Bitget EDGEUSDTlong	+0.0100%	4h	0.5825	long leg	$4.6M	$984K	20x
Variational Omni EDGE	+0.0100%	4h	0.5814	−0.197%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5826	+0.017%	$6K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5827	+0.034%	$6K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6103	+4.773%	$4K	$598K	10x	as long as short
BloFin EDGE-USDT	+0.0156%	4h	0.5815	−0.172%	$628K	$124K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0158%	4h	0.5835	+0.172%	$3.6M	$5.7M	20x	as long as short
Aster EDGEUSDT	+0.0165%	4h	0.5835	+0.163%	$67K	$134K	5x	as long as short
edgeX EDGEUSDC	+0.0178%	4h	0.5827	+0.043%	$13.9M	$3.4M	30x	as long as short
Binance EDGEUSDT	+0.0190%	4h	0.5838	+0.222%	$9.9M	$10.0M	50x	as long as short
Extended EDGE-USD	+0.0192%	1h	0.5830	+0.094%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0192%	4h	0.5837	+0.206%	$1.2M	$920K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0363%	4h	0.5832	+0.120%	$3K	—	10x	as long as short