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

EDGE

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0442%/8h= +48.4% APRnext payment +$2.21 per $10,000 · paid last 24h +0.068%
Price spread now: Aster against SunX−4.096%7-day average −0.398% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.208%+$21 on $10k
Price spread, last 3 days (all we have)+2.729%+$273 · spread now −4.096%, 7d avg −0.398%
Together, before fees+2.937%+ Points / potential airdropAster: Stage 5 · farm board+$294 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 3.699% cheaper against SunX than usual: you would sell low and buy high (spread −4.096% now, against its 7-day average of −0.398%). If the spread goes back, that is −$370 on $10k: about 28 days of funding at the current rate (+$13 a day). At the pace of the last 5 days (+0.208% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.208% in total (about 14.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.21 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
LongSunX EDGE-USDT0.61520.0100pay 0.0050% / 4h1h 02m$4K$610K10x
ShortAster EDGEUSDT0.59000.0542get 0.0271% / 4h1h 02m$68K$136K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SunX. 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
$92.76
Price spread: −4.096% → −0.398%
−$369.86
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$293.1
Costs to cover
0.160%
Break-even
29.1 days
Slippage unknown: SunX: live order book, 69 min ago; Aster: live order book, 13 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 69 min ago500.64 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 13 min ago5.11 bp34.9 bp −$35doesn't fitdoesn'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
Lighter EDGE+0.0096%1h0.5898−4.121%$55K$8K3xas long as short
Bybit EDGEUSDT+0.0100%4h0.5910−3.934%$7.0M$3.3M25xas long as short
Bitget EDGEUSDT+0.0100%4h0.5908−3.966%$4.7M$994K20xas long as short
Backpack EDGE_USDC_PERP+0.0100%1h0.5911−3.922%$60K$100K3.3xas long as short
Variational Omni EDGE+0.0100%4h0.5881−4.402%$191K$130Kas long as short
GRVT EDGE_USDT_Perp+0.0100%4h0.5893−4.210%$12K$1.8M10xas long as short
ApeX Omni EDGEUSDT+0.0100%1h0.5895−4.178%$8K$294K50xas long as short
SunX EDGE-USDTlong+0.0100%4h0.6152long leg$4K$610K10x
KuCoin EDGEUSDTM+0.0250%4h0.5912−3.901%$2.1M$2.3M50xas long as short
BloFin EDGE-USDT+0.0463%4h0.5906−3.999%$635K$126K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended EDGE-USD+0.0520%1h0.5918−3.806%$27K$230K5xas long as short
MEXC EDGE_USDT+0.0520%4h0.5917−3.820%$1.2M$921K50xas long as short
Binance EDGEUSDT+0.0536%4h0.5920−3.771%$10.1M$10.1M50xas long as short
Aster EDGEUSDTshort+0.0542%4h0.5900−4.096%$68K$136K5x
edgeX EDGEUSDC+0.0581%4h0.5893−4.210%$14.1M$3.4M30xas long as short
Orderly PERP_EDGE_USDC+0.0597%4h0.5909−3.950%$3K10xas long as short
OKX EDGE-USDT-SWAP+0.0629%4h0.5927−3.657%$3.6M$5.8M20xas long as short