Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit−0.741%7-day average +0.508% · you buy dearer than you sell

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)+0.587%+$59 · spread now −0.741%, 7d avg +0.508%

Together, before fees+0.597%+$60 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: SunX is 1.249% cheaper against Bybit than usual: you would sell low and buy high, −$125 on $10k if it goes back to its 7-day average of +0.508%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5801	0.0100	pay 0.0050% / 4h	1h 59m	$6.9M	$3.3M	25x
Short	SunX EDGE-USDT	0.5758	0.0100	get 0.0050% / 4h	1h 59m	$3K	$604K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.741%Rate

Funding earned: $0
Price spread: −0.741% → +0.508%: −$124.95
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$143.95
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; SunX: live order book, 12 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 Bybit live order book, 4 min ago	0.86 bp	22.6 bp −$23	270.5 bp −$2,705	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	500.64 bp	doesn't fit	doesn't fit	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	0.5788	−0.217%	$54K	$8K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5801	long leg	$6.9M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5804	+0.052%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5805	+0.069%	$4.6M	$992K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5804	+0.052%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5779	−0.375%	$189K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5795	−0.107%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5785	−0.276%	$8K	$295K	50x	as long as short
SunX EDGE-USDTshort	+0.0100%	4h	0.5758	−0.741%	$3K	$604K	10x
Aster EDGEUSDT	+0.0332%	4h	0.5808	+0.121%	$67K	$135K	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	+0.0360%	1h	0.5803	+0.038%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0360%	4h	0.5812	+0.190%	$1.1M	$918K	50x	as long as short
Binance EDGEUSDT	+0.0361%	4h	0.5807	+0.103%	$9.9M	$10.0M	50x	as long as short
BloFin EDGE-USDT	+0.0398%	4h	0.5806	+0.086%	$633K	$123K	50x	as long as short
edgeX EDGEUSDC	+0.0400%	4h	0.5802	+0.024%	$13.9M	$3.4M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0401%	4h	0.5809	+0.138%	$3.6M	$5.7M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0465%	4h	0.5805	+0.069%	$3K	—	10x	as long as short