Funding arb · Price arb /

EDEN

all EDEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0499%/8h= −54.6% APRpaid last 24h −0.048%

Price spread now: SunX against Gate+1.967%7-day average +2.128% · you sell dearer than you buy

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.340%+$34 · spread now +1.967%, 7d avg +2.128%

Together, before fees+0.323%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SunX is 0.162% cheaper against Gate than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +2.128%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate EDEN_USDT	0.06051	0.0599	pay 0.0599% / 8h	4h 16m	$219K	$473K	20x
Short	SunX EDEN-USDT	0.06170	0.0100	get 0.0050% / 4h	16m 55s	$1K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +1.967%Rate

Funding earned: −$104.79
Price spread: +1.967% → +2.128%: −$16.17
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$143.96
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 39 min ago; SunX: live order book, 8 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 Gate live order book, 39 min ago	6.64 bp	167.8 bp −$168	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	242.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

EDEN on 10 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 EDEN	+0.0096%	1h	0.06051	0.000%	$26K	$15K	3x	as long as short
Aster EDENUSDT	+0.0100%	4h	0.06042	−0.145%	$63K	$81K	5x	as long as short
Binance EDENUSDT	+0.0100%	4h	0.06046	−0.083%	$3.6M	$9.0M	20x	as long as short
MEXC EDEN_USDT	+0.0100%	4h	0.06044	−0.116%	$601K	$336K	50x	as long as short
SunX EDEN-USDTshort	+0.0100%	4h	0.06170	+1.967%	$1K	$1.7M	20x
OKX EDEN-USDT-SWAP	+0.0106%	4h	0.06056	+0.083%	$714K	$3.3M	20x	as long as short
BloFin EDEN-USDT	+0.0126%	4h	0.06054	+0.050%	$201K	$5K	20x	as long as short
Gate EDEN_USDTlong	+0.0599%	8h	0.06051	long leg	$219K	$473K	20x
Bybit EDENUSDT	+0.0852%	4h	0.06044	−0.116%	$1.6M	$1.3M	20x	as long as short
KuCoin EDENUSDTM	+0.0994%	4h	0.06051	0.000%	$1.3M	$7.5M	20x	as long as short