Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: KuCoin against ApeX Omni−0.788%67s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$753as 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−$7537.530% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.657%+$66 · spread now −0.788%, 7d avg −0.039%

Together, before fees+0.660%+$66 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: KuCoin is 0.749% cheaper against ApeX Omni than usual: you would sell low and buy high, −$75 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 67 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	ApeX Omni EDGEUSDT	0.5968	0.0100	pay 0.0013% / 1h	46m 18s	$9K	$303K	50x
Short	KuCoin EDGEUSDTM	0.5921	0.0100	get 0.0050% / 4h	2h 46m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.788%Rate

Funding earned: $0
Price spread: −0.788% → −0.039%: −$74.87
Slippage, 4 orders: −$730.99
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$827.86
Costs to cover: 7.530%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; KuCoin: live order book, 5 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 ApeX Omni live order book, 66 min ago	16.82 bp	186.5 bp −$187	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	5.03 bp	211.8 bp −$212	944.5 bp −$9,445	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	+0.0015%	1h	0.5923	−0.757%	$59K	$115K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5915	−0.891%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5911	−0.955%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.5921	−0.788%	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5920	−0.804%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5956	−0.202%	$188K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5967	−0.024%	$12K	$2.7M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.5968	long leg	$9K	$303K	50x
SunX EDGE-USDT	+0.0100%	4h	0.5905	−1.056%	$4K	$631K	10x	as long as short
Aster EDGEUSDT	+0.0389%	4h	0.5926	−0.712%	$53K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0480%	1h	0.5920	−0.797%	$27K	$87K	5x	as long as short
Binance EDGEUSDT	+0.0483%	4h	0.5925	−0.727%	$10.1M	$10.5M	50x	as long as short
MEXC EDGE_USDT	+0.0494%	4h	0.5923	−0.754%	$1.1M	$812K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0499%	4h	0.5925	−0.721%	$3.7M	$5.8M	20x	as long as short
BloFin EDGE-USDT	+0.0516%	4h	0.5932	−0.603%	$652K	$103K	50x	as long as short
edgeX EDGEUSDC	+0.0531%	4h	0.5954	−0.232%	$14.3M	$3.7M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0584%	4h	0.5923	−0.754%	$3K	$1K	10x	as long as short