Funding arb · Price arb /

EDEN

all EDEN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0754%/8h= −82.6% APRpaid last 24h −0.097%

Price spread now: Gate against KuCoin−0.100%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$532as in the Funding arb table

Net, price: spread back to 7d avg − costs−$528as in the Price arb table

costs, in and out, $10k−$5235.234% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.100%, 7d avg −0.050%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Gate is 0.050% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.6% 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	KuCoin EDENUSDTM	0.06010	0.0854	pay 0.0427% / 4h	3h 48m	$1.3M	$7.6M	20x
Short	Gate EDEN_USDT	0.06004	0.0100	get 0.0100% / 8h	7h 48m	$211K	$471K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.100%Rate

Funding earned: −$158.34
Price spread: −0.100% → −0.050%: −$5.01
Slippage, 4 orders: −$496.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$686.74
Costs to cover: 5.234%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Gate: live order book, 22 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, 10 min ago	4.96 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 22 min ago	10.79 bp	254.4 bp −$254	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	0.06011	+0.017%	$26K	$17K	3x	as long as short
Aster EDENUSDT	+0.0100%	4h	0.06002	−0.135%	$64K	$85K	5x	as long as short
Binance EDENUSDT	+0.0100%	4h	0.06001	−0.142%	$3.5M	$8.9M	20x	as long as short
Gate EDEN_USDTshort	+0.0100%	8h	0.06004	−0.100%	$211K	$471K	20x
MEXC EDEN_USDT	+0.0100%	4h	0.06002	−0.133%	$538K	$306K	50x	as long as short
SunX EDEN-USDT	+0.0100%	4h	0.06130	+1.997%	$1K	$1.7M	20x	as long as short
BloFin EDEN-USDT	+0.0102%	4h	0.06013	+0.050%	$194K	$4K	20x	as long as short
OKX EDEN-USDT-SWAP	+0.0244%	4h	0.06007	−0.050%	$665K	$3.2M	20x	as long as short
KuCoin EDENUSDTMlong	+0.0854%	4h	0.06010	long leg	$1.3M	$7.6M	20x
Bybit EDENUSDT	+0.1290%	4h	0.06005	−0.083%	$1.6M	$1.1M	20x	as long as short