Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Lighter−0.643%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.643% cheaper against Lighter than usual: you would sell low and buy high, −$64 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EDGE	0.5937	0.0096	pay 0.0012% / 1h	22m 45s	$43K	$19K	3x
Short	SunX EDGE-USDT	0.5899	0.0100	get 0.0050% / 4h	2h 22m	$3K	$633K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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 LighterbpFee SunXbpOrdersPrice spread, now −0.643%Rate

Funding earned: $0.84
Price spread: −0.643% → 0.000%: −$64.34
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$71.5
Costs to cover: 0.080%
Break-even: 602.8 days

Slippage unknown: Lighter: no order-book sample; SunX: live order book, 49 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 Lighter no order-book sample	—	—	—	—	—
Sell SunX live order book, 49 min ago	501.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0089%	1h	0.5929	−0.131%	$59K	$117K	3.3x	as long as short
Lighter EDGElong	+0.0096%	1h	0.5937	long leg	$43K	$19K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5940	+0.047%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5941	+0.064%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5939	+0.030%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5912	−0.432%	$187K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5951	+0.240%	$9K	$2.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5921	−0.273%	$9K	$297K	50x	as long as short
SunX EDGE-USDTshort	+0.0100%	4h	0.5899	−0.643%	$3K	$633K	10x
Aster EDGEUSDT	+0.0335%	4h	0.5949	+0.206%	$52K	$155K	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	+0.0424%	4h	0.5933	−0.071%	$659K	$102K	50x	as long as short
Binance EDGEUSDT	+0.0450%	4h	0.5949	+0.199%	$10.2M	$10.6M	50x	as long as short
MEXC EDGE_USDT	+0.0452%	4h	0.5942	+0.081%	$1.1M	$822K	50x	as long as short
Extended EDGE-USD	+0.0456%	1h	0.5946	+0.155%	$27K	$89K	5x	as long as short
edgeX EDGEUSDC	+0.0458%	4h	0.5908	−0.498%	$14.2M	$3.6M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0491%	4h	0.5952	+0.249%	$3.7M	$6.0M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0586%	4h	0.5932	−0.088%	$3K	$1K	10x	as long as short