Funding arb · Price arb /

EDGE

all EDGE markets

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: Bitget against KuCoin−0.017%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$366as in the Funding arb table

Net, price: spread back to 7d avg − costs−$357as in the Price arb table

costs, in and out, $10k−$3663.660% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days−0.066%−$7 · spread now −0.017%, 7d avg −0.109%

Together, before fees−0.069%−$7 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: Bitget is 0.093% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EDGEUSDTM	0.6006	0.0100	pay 0.0050% / 4h	1h 44m	$2.1M	$2.2M	50x
Short	Bitget EDGEUSDT	0.6005	0.0100	get 0.0050% / 4h	1h 44m	$4.8M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.109%: $9.27
Slippage, 4 orders: −$342.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$356.78
Costs to cover: 3.660%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago	5.00 bp	91.8 bp −$92	1015.8 bp −$10.2K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.00 bp	38.8 bp −$39	426.7 bp −$4,267	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	−0.0472%	1h	0.6009	+0.050%	$59K	$120K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5998	−0.138%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.6001	−0.083%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTMlong	+0.0100%	4h	0.6006	long leg	$2.1M	$2.2M	50x
Bitget EDGEUSDTshort	+0.0100%	4h	0.6005	−0.017%	$4.8M	$1.1M	20x
Variational Omni EDGE	+0.0100%	4h	0.5994	−0.201%	$189K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6001	−0.083%	$7K	$2.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6000	−0.100%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5963	−0.716%	$4K	$641K	10x	as long as short
Aster EDGEUSDT	+0.0341%	4h	0.6007	+0.017%	$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
BloFin EDGE-USDT	+0.0466%	4h	0.6018	+0.200%	$670K	$105K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0484%	4h	0.6011	+0.083%	$3.8M	$6.1M	20x	as long as short
Binance EDGEUSDT	+0.0498%	4h	0.6011	+0.083%	$10.4M	$10.8M	50x	as long as short
edgeX EDGEUSDC	+0.0498%	4h	0.6008	+0.038%	$14.4M	$3.7M	30x	as long as short
MEXC EDGE_USDT	+0.0500%	4h	0.6012	+0.100%	$1.1M	$801K	50x	as long as short
Extended EDGE-USD	+0.0504%	1h	0.6009	+0.044%	$29K	$84K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0629%	4h	0.6009	+0.050%	$3K	$1K	10x	as long as short