Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.088%

Price spread now: Extended against SunX+0.561%7-day average −0.514% · you sell dearer than you buy

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 4 days (all we have)−1.980%−$198 · spread now +0.561%, 7d avg −0.514%

Together, before fees−1.724%+ Points / potential airdropExtended: Active · farm board−$172 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Extended is 1.075% dearer against SunX than usual: you sell high and buy low: +$108 more if the spread goes back to its 7-day average of −0.514%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.5876	0.0100	pay 0.0050% / 4h	2h 39m	$4K	$632K	10x
Short	Extended EDGE-USD	0.5909	0.0432	get 0.0054% / 1h	39m 07s	$27K	$86K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee SunXbpFee ExtendedbpOrdersPrice spread, now +0.561%Rate

Funding earned: $69.72
Price spread: +0.561% → −0.514%: $107.54
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $164.26
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SunX: live order book, 32 min ago; Extended: live order book, 72 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, 32 min ago	501.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 72 min ago	2.78 bp	91.3 bp −$91	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	−0.0245%	1h	0.5908	+0.551%	$59K	$115K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5901	+0.427%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5903	+0.459%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5906	+0.511%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5910	+0.579%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5901	+0.426%	$186K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5910	+0.583%	$8K	$2.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5908	+0.545%	$9K	$301K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5876	long leg	$4K	$632K	10x
Aster EDGEUSDT	+0.0336%	4h	0.5908	+0.542%	$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
OKX EDGE-USDT-SWAP	+0.0430%	4h	0.5914	+0.647%	$3.7M	$5.8M	20x	as long as short
Binance EDGEUSDT	+0.0431%	4h	0.5913	+0.635%	$10.1M	$10.6M	50x	as long as short
Extended EDGE-USDshort	+0.0432%	1h	0.5909	+0.561%	$27K	$86K	5x
BloFin EDGE-USDT	+0.0432%	4h	0.5914	+0.647%	$658K	$103K	50x	as long as short
MEXC EDGE_USDT	+0.0438%	4h	0.5912	+0.613%	$1.0M	$813K	50x	as long as short
edgeX EDGEUSDC	+0.0482%	4h	0.5919	+0.726%	$14.2M	$3.6M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0579%	4h	0.5911	+0.596%	$3K	$1K	10x	as long as short