Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against KuCoin−0.168%67s7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$713as 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−$7137.132% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.503%+$50 · spread now −0.168%, 7d avg +0.037%

Together, before fees+0.500%+$50 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: ApeX Omni is 0.205% cheaper against KuCoin than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.037%. 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	KuCoin EDGEUSDTM	0.5959	0.0100	pay 0.0050% / 4h	1h 32m	$2.1M	$2.2M	50x
Short	ApeX Omni EDGEUSDT	0.5949	0.0100	get 0.0013% / 1h	32m 25s	$9K	$306K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.168%Rate

Funding earned: $0
Price spread: −0.168% → +0.037%: −$20.5
Slippage, 4 orders: −$691.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$733.69
Costs to cover: 7.132%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; ApeX Omni: live order book, 30 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 KuCoin live order book, 4 min ago	4.21 bp	212.0 bp −$212	1020.9 bp −$10.2K	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 30 min ago	19.45 bp	184.1 bp −$184	doesn't fit	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	0.5953	−0.101%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5958	−0.017%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMlong	+0.0100%	4h	0.5959	long leg	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5960	+0.017%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5971	+0.195%	$62K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5927	−0.540%	$191K	$133K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5946	−0.211%	$10K	$2.1M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5949	−0.168%	$9K	$306K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5901	−0.973%	$3K	$619K	10x	as long as short
edgeX EDGEUSDC	+0.0454%	4h	0.5941	−0.301%	$14.2M	$3.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0456%	1h	0.5961	+0.030%	$27K	$193K	5x	as long as short
MEXC EDGE_USDT	+0.0456%	4h	0.5962	+0.050%	$1.2M	$901K	50x	as long as short
Binance EDGEUSDT	+0.0472%	4h	0.5962	+0.050%	$10.2M	$10.4M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0494%	4h	0.5962	+0.050%	$3.7M	$5.8M	20x	as long as short
Aster EDGEUSDT	+0.0494%	4h	0.5956	−0.057%	$68K	$129K	5x	as long as short
BloFin EDGE-USDT	+0.0497%	4h	0.5974	+0.252%	$656K	$102K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0668%	4h	0.5959	0.000%	$3K	—	10x	as long as short