Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Bybit+0.251%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$612as in the Funding arb table

Net, price: spread back to 7d avg − costs−$598as in the Price arb table

costs, in and out, $10k−$6136.130% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.225%−$23 · spread now +0.251%, 7d avg +0.103%

Together, before fees−0.212%−$21 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 0.147% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5984	0.0100	pay 0.0050% / 4h	1h 35m	$7.2M	$3.4M	25x
Short	KuCoin EDGEUSDTM	0.5999	0.0100	get 0.0050% / 4h	1h 35m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.251%Rate

Funding earned: $0
Price spread: +0.251% → +0.103%: $14.74
Slippage, 4 orders: −$589.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$598.22
Costs to cover: 6.130%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.34 bp	117.9 bp −$118	390.8 bp −$3,908	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	4.17 bp	322.3 bp −$322	919.5 bp −$9,195	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	−0.0475%	1h	0.5993	+0.150%	$59K	$120K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5984	−0.005%	$44K	$22K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5984	long leg	$7.2M	$3.4M	25x
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.5999	+0.251%	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5994	+0.167%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5984	−0.001%	$189K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6003	+0.317%	$7K	$2.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6002	+0.301%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5954	−0.501%	$4K	$642K	10x	as long as short
Aster EDGEUSDT	+0.0314%	4h	0.5997	+0.224%	$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
OKX EDGE-USDT-SWAP	+0.0469%	4h	0.6002	+0.301%	$3.8M	$6.1M	20x	as long as short
Binance EDGEUSDT	+0.0476%	4h	0.5997	+0.217%	$10.3M	$10.8M	50x	as long as short
edgeX EDGEUSDC	+0.0480%	4h	0.6003	+0.322%	$14.4M	$3.7M	30x	as long as short
MEXC EDGE_USDT	+0.0484%	4h	0.5997	+0.217%	$1.1M	$801K	50x	as long as short
Extended EDGE-USD	+0.0488%	1h	0.5995	+0.184%	$29K	$84K	5x	as long as short
BloFin EDGE-USDT	+0.0493%	4h	0.6006	+0.368%	$668K	$107K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0621%	4h	0.5990	+0.100%	$2K	$1K	10x	as long as short