Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: edgeX against KuCoin−0.118%83s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.219% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days+0.111%+$11 · spread now −0.118%, 7d avg −0.033%

Together, before fees+0.244%+ Points / potential airdropedgeX: Active · farm board+$24 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: edgeX is 0.084% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ETHUSDTM	2,769.3	0.0100	pay 0.0100% / 8h	2h 30m	$424.8M	$740.9M	100x
Short	edgeX ETHUSDC	2,766.1	0.0100	get 0.0050% / 4h	2h 30m	$177.8M	$792.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.033%: −$8.43
Slippage, 4 orders: −$0.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$30.36
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; edgeX: live order book, 4 min ago.

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 KuCoin live order book, 4 min ago	0.02 bp	6.2 bp −$6	7.7 bp −$77	10.8 bp −$1,083	doesn't fit
Sell edgeX live order book, 4 min ago	0.04 bp	4.9 bp −$5	5.0 bp −$50	5.1 bp −$511	6.4 bp −$3,180

ETH on 55 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
Perpl ETH	−0.0112%	43m	2,769.5	+0.008%	$289K	$6.8M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0107%	1h	2,766.1	−0.117%	$119K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,766.7	−0.095%	$5K	$2K	50x	as long as short
01 Exchange ETHUSD	−0.0056%	1h	2,769.4	+0.003%	$172K	$1.2M	50x	as long as short
Phoenix ETH	−0.0023%	1h	2,767	−0.084%	$794K	$3.7M	25x	as long as short
ApeX Omni ETHUSDT	−0.0011%	1h	2,766.3	−0.110%	$8.8M	$32.5M	100x	as long as short
RISEx ETH/USDC	−0.0011%	1h	2,769.4	+0.003%	$5.8M	$11.8M	25x	as long as short
dYdX ETH-USD	0.0000%	1h	2,769.3	0.000%	$12.7M	$45.5M	50x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0006% / S −0.0006%	1h	2,769	−0.012%	$22.4M	—	200x	as long as short
Aftermath Perps ETHUSD	+0.0017%	1h	2,767.8	−0.054%	$29K	$21K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0020%	8h	2,768.4	−0.032%	$1.71B	$11.86B	100x	as long as short
Phemex ETHUSDT	+0.0021%	8h	2,767.9	−0.053%	$266.5M	$66.1M	150x	as long as short
GMX ETH/USD [ETH-USDC]	L +0.0028% / S +0.0009%	1h	2,769	−0.012%	$13.1M	—	200x	as long as short
Aster ETHUSDT	+0.0037%	8h	2,768.2	−0.041%	$255.8M	$996.0M	200x	as long as short
MEXC ETH_USDT	+0.0045%	8h	2,768	−0.048%	$1.61B	$2.66B	500x	as long as short
Binance ETHUSDT	+0.0045%	8h	2,768.4	−0.033%	$6.42B	$17.20B	150x	as long as short
Aevo ETH-PERP	+0.0048%	1h	2,766.1	−0.118%	$5.0M	$636K	20x	as long as short
Gate ETH_USDT	+0.0066%	8h	2,768.4	−0.034%	$3.29B	$9.62B	200x	as long as short
Bitget ETHUSDT	+0.0073%	8h	2,768.3	−0.037%	$2.09B	$3.13B	150x	as long as short
Bullet ETH-USD	+0.0077%	1h	2,768.3	−0.037%	$185K	$1.8M	20x	as long as short
Variational Omni ETH	+0.0091%	8h	2,768.2	−0.040%	$140.3M	$320.2M	—	as long as short
Lighter ETH	+0.0096%	1h	2,768.5	−0.030%	$115.3M	$512.0M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,770	+0.023%	$25.4M	$122.4M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0048%	1h	2,770	+0.023%	—	$41.7M	500x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,769.2	−0.004%	$15.9M	$10.9M	50x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,769.2	−0.005%	$479K	$2.7M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,769.1	−0.008%	$14.7M	$116.9M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,770.9	+0.057%	$3.19B	$2.39B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,769.9	+0.021%	$31.2M	$285.6M	50x	as long as short
Bybit ETHUSDT	+0.0100%	8h	2,768.4	−0.033%	$2.50B	$4.64B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,769.1	−0.008%	$2.9M	$16.5M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,771.3	+0.072%	$2.7M	$17.5M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,765.9	−0.123%	$164.9M	$256.3M	25x	as long as short
KuCoin ETHUSDTMlong	+0.0100%	8h	2,769.3	long leg	$424.8M	$740.9M	100x
BingX ETH-USDT	+0.0100%	8h	2,768.4	−0.032%	—	$1.18B	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,768.7	−0.025%	$15.3M	$42.4M	50x	as long as short
edgeX ETHUSDCshort	+0.0100%	4h	2,766.1	−0.118%	$177.8M	$792.6M	100x
GRVT ETH_USDT_Perp	+0.0100%	8h	2,765.8	−0.128%	$160.8M	$97.1M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,768.6	−0.026%	$21.4M	$57.7M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,769.7	+0.012%	—	$1.1M	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,770.5	+0.042%	$10.8M	$7.8M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,769.3	−0.003%	$21K	$25K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,770.5	+0.041%	$42.6M	$29.2M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,768.2	−0.041%	$971K	$14.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,767.9	−0.052%	$55.1M	$228.6M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,768.2	−0.042%	$1.08B	$1.32B	200x	as long as short
Extended ETH-USD	+0.0104%	1h	2,767.4	−0.068%	$31.4M	$76.1M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0104%	1h	2,769.8	+0.016%	$258.4M	$224.6M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,769.8	+0.016%	$60.1M	$4.62B	50x	as long as short
Kalshi KXETHPERP	+0.0117%	8h	2,770	+0.024%	$8.7M	$672.5M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0131%	8h	2,770.9	+0.055%	$32.5M	$12.0M	100x	as long as short
BloFin ETH-USDT	+0.0165%	8h	2,768.8	−0.020%	$285.6M	$194.9M	150x	as long as short
Reya ETHRUSDPERP	+0.0183%	1h	2,767.9	−0.053%	$7.5M	$992K	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0241%	1h	2,769	−0.013%	$87.1M	$330.2M	100x	as long as short
Hibachi ETH/USDT-P	+0.0424%	1h	2,770.9	+0.057%	$288K	$1.5M	20x	as long as short