Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX−4.318%7-day average −0.469% · you buy dearer than you sell

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+2.845%+$284 · spread now −4.318%, 7d avg −0.469%

Together, before fees+2.845%+$284 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: Bitget is 3.848% cheaper against SunX than usual: you would sell low and buy high, −$385 on $10k if it goes back to its 7-day average of −0.469%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.6184	0.0100	pay 0.0050% / 4h	1h 41m	$4K	$605K	10x
Short	Bitget EDGEUSDT	0.5917	0.0100	get 0.0050% / 4h	1h 41m	$4.7M	$993K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee BitgetbpOrdersPrice spread, now −4.318%Rate

Funding earned: $0
Price spread: −4.318% → −0.469%: −$384.83
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$404.83
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 29 min ago; Bitget: live order book, 1 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 SunX live order book, 29 min ago	500.64 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	7.61 bp	40.6 bp −$41	263.9 bp −$2,639	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	0.5900	−4.588%	$55K	$8K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5906	−4.495%	$7.0M	$3.3M	25x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5917	−4.318%	$4.7M	$993K	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5917	−4.321%	$60K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5856	−5.305%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5873	−5.029%	$8K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5878	−4.948%	$8K	$295K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.6184	long leg	$4K	$605K	10x
KuCoin EDGEUSDTM	+0.0252%	4h	0.5918	−4.301%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0388%	4h	0.5903	−4.544%	$632K	$125K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0424%	1h	0.5916	−4.335%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0424%	4h	0.5921	−4.253%	$1.2M	$919K	50x	as long as short
Binance EDGEUSDT	+0.0424%	4h	0.5921	−4.253%	$10.1M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0445%	4h	0.5902	−4.558%	$68K	$136K	5x	as long as short
edgeX EDGEUSDC	+0.0456%	4h	0.5874	−5.020%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0500%	4h	0.5916	−4.334%	$3K	—	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0530%	4h	0.5918	−4.301%	$3.6M	$5.8M	20x	as long as short