Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against SunX+0.620%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Lighter

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: Lighter is 0.620% dearer against SunX than usual: you sell high and buy low, +$62 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	SunX EDGE-USDT	0.5921	0.0100	pay 0.0050% / 4h	29m 59s	$3K	$628K	10x
Short	Lighter EDGE	0.5958	0.0096	get 0.0012% / 1h	29m 59s	$43K	$19K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.620%Rate

Funding earned: −$0.84
Price spread: +0.620% → 0.000%: $61.98
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $53.14
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 61 min ago; Lighter: no order-book sample. 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, 61 min ago	501.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	−0.0126%	1h	0.5969	+0.811%	$57K	$110K	3.3x	as long as short
Lighter EDGEshort	+0.0096%	1h	0.5958	+0.620%	$43K	$19K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5963	+0.709%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5966	+0.760%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5969	+0.811%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5960	+0.666%	$189K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5992	+1.206%	$5K	$2.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5978	+0.963%	$9K	$305K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5921	long leg	$3K	$628K	10x
OKX EDGE-USDT-SWAP	+0.0406%	4h	0.5979	+0.980%	$3.7M	$5.9M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0414%	4h	0.5984	+1.057%	$14.3M	$3.6M	30x	as long as short
MEXC EDGE_USDT	+0.0420%	4h	0.5975	+0.912%	$1.1M	$890K	50x	as long as short
Binance EDGEUSDT	+0.0420%	4h	0.5972	+0.869%	$10.3M	$10.5M	50x	as long as short
Extended EDGE-USD	+0.0424%	1h	0.5976	+0.928%	$27K	$193K	5x	as long as short
BloFin EDGE-USDT	+0.0459%	4h	0.5966	+0.760%	$654K	$103K	50x	as long as short
Aster EDGEUSDT	+0.0475%	4h	0.5969	+0.811%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0566%	4h	0.5965	+0.743%	$3K	—	10x	as long as short