Funding arb · Price arb /

EDGE

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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: SunX against KuCoin−0.435%7-day average +0.447% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on SunX

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)+2.014%+$201 · spread now −0.435%, 7d avg +0.447%

Together, before fees+2.012%+$201 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: SunX is 0.882% cheaper against KuCoin than usual: you would sell low and buy high, −$88 on $10k if it goes back to its 7-day average of +0.447%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EDGEUSDTM	0.5982	0.0100	pay 0.0050% / 4h	1h 32m	$2.1M	$2.2M	50x
Short	SunX EDGE-USDT	0.5956	0.0100	get 0.0050% / 4h	1h 32m	$4K	$642K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.435%Rate

Funding earned: $0
Price spread: −0.435% → +0.447%: −$88.17
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$108.17
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; SunX: live order book, 29 min ago. Net counts fees only.

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	4.17 bp	74.6 bp −$75	1006.5 bp −$10.1K	doesn't fit	doesn't fit
Sell SunX live order book, 29 min ago	500.91 bp	doesn't fit	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
Backpack EDGE_USDC_PERP	−0.0480%	1h	0.5979	−0.043%	$59K	$120K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5972	−0.167%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5970	−0.201%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTMlong	+0.0100%	4h	0.5982	long leg	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5980	−0.033%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5984	+0.033%	$189K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6003	+0.351%	$7K	$2.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6002	+0.334%	$9K	$295K	50x	as long as short
SunX EDGE-USDTshort	+0.0100%	4h	0.5956	−0.435%	$4K	$642K	10x
Aster EDGEUSDT	+0.0294%	4h	0.5981	−0.011%	$52K	$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	+0.0438%	4h	0.5986	+0.067%	$665K	$106K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0447%	4h	0.5987	+0.084%	$3.7M	$6.1M	20x	as long as short
Binance EDGEUSDT	+0.0460%	4h	0.5982	+0.003%	$10.3M	$10.8M	50x	as long as short
MEXC EDGE_USDT	+0.0468%	4h	0.5981	−0.017%	$1.1M	$801K	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5982	−0.007%	$29K	$81K	5x	as long as short
edgeX EDGEUSDC	+0.0480%	4h	0.6003	+0.355%	$14.4M	$3.7M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0611%	4h	0.5985	+0.050%	$2K	$1K	10x	as long as short