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: ApeX Omni against KuCoin−0.135%97s7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$755as 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−$7557.551% of the position

Long on KuCoin Short on ApeX Omni

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)+0.266%+$27 · spread now −0.135%, 7d avg +0.039%

Together, before fees+0.263%+$26 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: ApeX Omni is 0.174% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.039%. The two prices were read 97 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	KuCoin EDGEUSDTM	0.5916	0.0100	pay 0.0050% / 4h	2h 25m	$2.1M	$2.2M	50x
Short	ApeX Omni EDGEUSDT	0.5908	0.0100	get 0.0013% / 1h	25m 54s	$9K	$300K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ApeX OmnibpOrdersPrice spread, now −0.135%Rate

Funding earned: $0
Price spread: −0.135% → +0.039%: −$17.41
Slippage, 4 orders: −$733.09
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$772.5
Costs to cover: 7.551%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; ApeX Omni: live order book, 21 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, 6 min ago	5.09 bp	114.1 bp −$114	1018.0 bp −$10.2K	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 21 min ago	14.35 bp	166.0 bp −$166	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	−0.0148%	1h	0.5919	+0.046%	$59K	$117K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5910	−0.098%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5912	−0.068%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMlong	+0.0100%	4h	0.5916	long leg	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5911	−0.085%	$4.7M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5912	−0.076%	$187K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5907	−0.152%	$3K	$2.8M	10x	as long as short
ApeX Omni EDGEUSDTshort	+0.0100%	1h	0.5908	−0.135%	$9K	$300K	50x
SunX EDGE-USDT	+0.0100%	4h	0.6169	+4.277%	$4K	$632K	10x	as long as short
Aster EDGEUSDT	+0.0331%	4h	0.5920	+0.065%	$52K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0388%	4h	0.5917	+0.017%	$656K	$102K	50x	as long as short
edgeX EDGEUSDC	+0.0436%	4h	0.5911	−0.084%	$14.2M	$3.6M	30x	as long as short
MEXC EDGE_USDT	+0.0444%	4h	0.5920	+0.068%	$1.1M	$822K	50x	as long as short
Binance EDGEUSDT	+0.0445%	4h	0.5922	+0.098%	$10.1M	$10.6M	50x	as long as short
Extended EDGE-USD	+0.0448%	1h	0.5918	+0.040%	$27K	$86K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0475%	4h	0.5925	+0.152%	$3.7M	$5.9M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0586%	4h	0.5919	+0.051%	$3K	$1K	10x	as long as short