Settings8H · net · $10k
Funding arb · Price arb /

EDGE

all EDGE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0343%/8h= +37.5% APRnext payment +$1.71 per $10,000 · paid last 24h +0.037%
Price spread now: edgeX against KuCoin+0.037%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$485as in the Funding arb table
Net, price: spread back to 7d avg − costs−$492as in the Price arb table
costs, in and out, $10k−$4934.930% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 7 days+0.176%+$18 · spread now +0.037%, 7d avg +0.028%
Together, before fees+0.257%+ Points / potential airdropedgeX: Active · farm board+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin EDGEUSDTM0.58990.0100pay 0.0050% / 4h46m 48s$2.1M$2.2M50x
ShortedgeX EDGEUSDC0.59010.0443get 0.0221% / 4h46m 48s$14.1M$3.6M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$72.01
Price spread: +0.037% → +0.028%
$0.89
Slippage, 4 orders
−$472.02
Fee KuCoin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$420.12
Costs to cover
4.930%
Break-even
47.8 days
Slippage from KuCoin: live order book, 5 min ago; edgeX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago4.24 bp168.1 bp −$1681035.8 bp −$10.4Kdoesn't fitdoesn't fit
Sell edgeX live order book, 2 min ago4.22 bp36.6 bp −$37129.3 bp −$1,293doesn't fitdoesn't fit

EDGE on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack EDGE_USDC_PERP−0.0391%1h0.5899+0.005%$60K$107K3.3xas long as short
Lighter EDGE+0.0096%1h0.5889−0.163%$43K$19K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5892−0.119%$7.1M$3.3M25xas long as short
KuCoin EDGEUSDTMlong+0.0100%4h0.5899long leg$2.1M$2.2M50x
Bitget EDGEUSDT+0.0100%4h0.5897−0.034%$4.7M$1.1M20xas long as short
Variational Omni EDGE+0.0100%4h0.5892−0.111%$188K$135Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5899+0.005%$7K$2.3M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5895−0.068%$9K$305K50xas long as short
SunX EDGE-USDT+0.0100%4h0.5854−0.763%$4K$623K10xas long as short
Extended EDGE-USD+0.0384%1h0.5897−0.026%$27K$191K5xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance EDGEUSDT+0.0386%4h0.5901+0.034%$10.1M$10.3M50xas long as short
MEXC EDGE_USDT+0.0386%4h0.5901+0.034%$1.1M$885K50xas long as short
BloFin EDGE-USDT+0.0406%4h0.5902+0.051%$647K$101K50xas long as short
Aster EDGEUSDT+0.0423%4h0.5905+0.095%$67K$129K5xas long as short
OKX EDGE-USDT-SWAP+0.0442%4h0.5903+0.068%$3.7M$5.7M20xas long as short
edgeX EDGEUSDCshort+0.0443%4h0.5901+0.037%$14.1M$3.6M30x
Orderly PERP_EDGE_USDC+0.0560%4h0.5898−0.017%$3K10xas long as short