Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.095%

Price spread now: KuCoin against Extended+0.015%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$680as in the Funding arb table

Net, price: spread back to 7d avg − costs−$655as in the Price arb table

costs, in and out, $10k−$6536.534% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.015%, 7d avg +0.036%

Together, before fees−0.266%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.020% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.6007	0.0528	pay 0.0066% / 1h	59m 31s	$29K	$271K	5x
Short	KuCoin EDGEUSDTM	0.6008	0.0180	get 0.0090% / 4h	3h 59m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$73.08
Price spread: +0.015% → +0.036%: −$2.04
Slippage, 4 orders: −$636.4
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$728.53
Costs to cover: 6.534%
Break-even: never at this rate

Slippage from Extended: live order book, 59 min ago; KuCoin: live order book, 7 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 Extended live order book, 59 min ago	3.39 bp	47.6 bp −$48	471.0 bp −$4,710	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	5.02 bp	293.9 bp −$294	952.5 bp −$9,525	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	0.6007	+0.005%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5998	−0.151%	$7.3M	$3.4M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.6002	−0.085%	$4.8M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6010	+0.047%	$58K	$122K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5991	−0.265%	$189K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6000	−0.125%	$5K	$3.2M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5999	−0.135%	$9K	$297K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5954	−0.884%	$3K	$644K	10x	as long as short
KuCoin EDGEUSDTMshort	+0.0180%	4h	0.6008	+0.015%	$2.1M	$2.2M	50x
Aster EDGEUSDT	+0.0357%	4h	0.5998	−0.146%	$52K	$153K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0521%	4h	0.5994	−0.218%	$668K	$106K	50x	as long as short
MEXC EDGE_USDT	+0.0526%	4h	0.6005	−0.035%	$1.1M	$716K	50x	as long as short
Extended EDGE-USDlong	+0.0528%	1h	0.6007	long leg	$29K	$271K	5x
Binance EDGEUSDT	+0.0544%	4h	0.6004	−0.051%	$10.4M	$10.9M	50x	as long as short
edgeX EDGEUSDC	+0.0553%	4h	0.5994	−0.223%	$14.4M	$3.7M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0585%	4h	0.6008	+0.015%	$3.8M	$6.2M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0653%	4h	0.6003	−0.068%	$3K	$1K	10x	as long as short