Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0250%/8h= +27.4% APRpaid last 24h +0.056%

Price spread now: Extended against KuCoin+0.061%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$470as in the Funding arb table

Net, price: spread back to 7d avg − costs−$482as in the Price arb table

costs, in and out, $10k−$4924.916% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.061%, 7d avg −0.037%

Together, before fees+0.129%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Extended is 0.097% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EDGEUSDTM	0.5839	0.0222	pay 0.0111% / 4h	1h 35m	$2.1M	$2.3M	50x
Short	Extended EDGE-USD	0.5843	0.0472	get 0.0059% / 1h	35m 04s	$27K	$230K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.061%Rate

Funding earned: $52.5
Price spread: +0.061% → −0.037%: $9.74
Slippage, 4 orders: −$474.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$429.36
Costs to cover: 4.916%
Break-even: 64.2 days

Slippage from KuCoin: live order book, 2 min ago; Extended: live order book, 47 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	5.99 bp	111.9 bp −$112	949.9 bp −$9,499	doesn't fit	doesn't fit
Sell Extended live order book, 47 min ago	4.51 bp	137.2 bp −$137	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	0.5830	−0.158%	$54K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5838	−0.017%	$6.9M	$3.3M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5841	+0.034%	$4.7M	$995K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5842	+0.057%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5872	+0.571%	$192K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5888	+0.839%	$2K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5922	+1.421%	$8K	$294K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5842	+0.051%	$4K	$606K	10x	as long as short
KuCoin EDGEUSDTMlong	+0.0222%	4h	0.5839	long leg	$2.1M	$2.3M	50x
Aster EDGEUSDT	+0.0470%	4h	0.5843	+0.069%	$67K	$136K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0470%	4h	0.5847	+0.137%	$1.2M	$919K	50x	as long as short
Binance EDGEUSDT	+0.0472%	4h	0.5845	+0.103%	$9.9M	$10.1M	50x	as long as short
Extended EDGE-USDshort	+0.0472%	1h	0.5843	+0.061%	$27K	$230K	5x
BloFin EDGE-USDT	+0.0489%	4h	0.5846	+0.120%	$623K	$124K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0516%	4h	0.5845	+0.103%	$3.6M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0522%	4h	0.5848	+0.154%	$3K	—	10x	as long as short
edgeX EDGEUSDC	+0.0538%	4h	0.5890	+0.881%	$14.1M	$3.4M	30x	as long as short