Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.078%

Price spread now: SunX against Extended−0.250%7-day average +0.529% · you buy dearer than you sell

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

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.250%, 7d avg +0.529%

Together, before fees−0.120%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.779% cheaper against Extended than usual: you would sell low and buy high (−$78 if the spread goes back to its 7-day average of +0.529%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5976	0.0440	pay 0.0055% / 1h	18m 24s	$27K	$193K	5x
Short	SunX EDGE-USDT	0.5961	0.0100	get 0.0050% / 4h	18m 24s	$3K	$626K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$71.4
Price spread: −0.250% → +0.529%: −$77.88
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$162.28
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 38 min ago; SunX: live order book, 3 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 Extended live order book, 38 min ago	2.87 bp	54.2 bp −$54	493.9 bp −$4,939	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	501.17 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
Backpack EDGE_USDC_PERP	−0.0086%	1h	0.5982	+0.109%	$58K	$111K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5973	−0.054%	$44K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5978	+0.035%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5983	+0.119%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5982	+0.102%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5972	−0.059%	$189K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5979	+0.052%	$2K	$2.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5989	+0.219%	$9K	$305K	50x	as long as short
SunX EDGE-USDTshort	+0.0100%	4h	0.5961	−0.250%	$3K	$626K	10x
OKX EDGE-USDT-SWAP	+0.0404%	4h	0.5987	+0.185%	$3.7M	$5.9M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0437%	4h	0.5986	+0.172%	$14.3M	$3.6M	30x	as long as short
MEXC EDGE_USDT	+0.0438%	4h	0.5983	+0.119%	$1.1M	$899K	50x	as long as short
Extended EDGE-USDlong	+0.0440%	1h	0.5976	long leg	$27K	$193K	5x
Binance EDGEUSDT	+0.0454%	4h	0.5982	+0.102%	$10.3M	$10.5M	50x	as long as short
BloFin EDGE-USDT	+0.0460%	4h	0.5984	+0.135%	$660K	$103K	50x	as long as short
Aster EDGEUSDT	+0.0498%	4h	0.5984	+0.140%	$60K	$152K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0568%	4h	0.5983	+0.119%	$3K	—	10x	as long as short