Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Bybit+0.033%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$697as in the Funding arb table

Net, price: spread back to 7d avg − costs−$705as in the Price arb table

costs, in and out, $10k−$6986.981% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.033%, 7d avg +0.101%

Together, before fees−0.025%−$3 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 0.067% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.6031	0.0100	pay 0.0050% / 4h	2h 06m	$7.3M	$3.3M	25x
Short	KuCoin EDGEUSDTM	0.6033	0.0100	get 0.0050% / 4h	2h 06m	$2.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.101%: −$6.75
Slippage, 4 orders: −$675.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$704.85
Costs to cover: 6.981%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.31 bp	117.2 bp −$117	304.1 bp −$3,041	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	4.16 bp	356.6 bp −$357	956.6 bp −$9,566	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
Lighter EDGE	+0.0096%	1h	0.6025	−0.099%	$44K	$19K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.6031	long leg	$7.3M	$3.3M	25x
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.6033	+0.033%	$2.2M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.6033	+0.033%	$4.8M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6028	−0.048%	$60K	$119K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5994	−0.606%	$189K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6004	−0.448%	$3K	$2.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6009	−0.365%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5994	−0.613%	$4K	$636K	10x	as long as short
Aster EDGEUSDT	+0.0379%	4h	0.6034	+0.050%	$53K	$156K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0500%	4h	0.6017	−0.239%	$14.4M	$3.6M	30x	as long as short
MEXC EDGE_USDT	+0.0500%	4h	0.6042	+0.182%	$1.1M	$823K	50x	as long as short
Binance EDGEUSDT	+0.0519%	4h	0.6032	+0.024%	$10.4M	$10.7M	50x	as long as short
Extended EDGE-USD	+0.0520%	1h	0.6030	−0.011%	$27K	$87K	5x	as long as short
BloFin EDGE-USDT	+0.0540%	4h	0.6035	+0.066%	$658K	$105K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0547%	4h	0.6029	−0.033%	$3.8M	$6.1M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0619%	4h	0.6033	+0.033%	$3K	$1K	10x	as long as short