EDGE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.006%

Price spread now: Bitget against KuCoin−0.067%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$397as in the Funding arb table

Net, price: spread back to 7d avg − costs−$393as in the Price arb table

costs, in and out, $10k−$3973.967% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.031%−$3 · spread now −0.067%, 7d avg −0.108%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.041% dearer against KuCoin than usual: you sell high and buy low (spread −0.067% now, against its 7-day average of −0.108%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.006% in total) that is about 49 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EDGEUSDTM	0.5961	0.0174	pay 0.0087% / 4h	3h 26m	$2.1M	$2.2M	50x
Short	Bitget EDGEUSDT	0.5957	0.0100	get 0.0050% / 4h	3h 26m	$4.7M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$15.54
Price spread: −0.067% → −0.108%: $4.11
Slippage, 4 orders: −$372.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$408.17
Costs to cover: 3.967%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Bitget: live order book, 1 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, 10 min ago	5.01 bp	142.9 bp −$143	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.03 bp	46.0 bp −$46	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	0.5951	−0.161%	$43K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5952	−0.151%	$7.2M	$3.4M	25x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5957	−0.067%	$4.7M	$1.2M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5961	+0.003%	$58K	$120K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5945	−0.268%	$188K	$145K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5957	−0.067%	$8K	$3.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5960	−0.017%	$9K	$296K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5921	−0.671%	$4K	$649K	10x	as long as short
KuCoin EDGEUSDTMlong	+0.0174%	4h	0.5961	long leg	$2.1M	$2.2M	50x
Aster EDGEUSDT	+0.0392%	4h	0.5961	−0.005%	$52K	$150K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAP	+0.0526%	4h	0.5964	+0.050%	$3.7M	$6.2M	20x	as long as short
edgeX EDGEUSDC	+0.0567%	4h	0.5959	−0.033%	$14.4M	$3.7M	30x	as long as short
Binance EDGEUSDT	+0.0583%	4h	0.5961	0.000%	$10.4M	$11.1M	50x	as long as short
Extended EDGE-USD	+0.0584%	1h	0.5960	−0.012%	$27K	$270K	5x	as long as short
MEXC EDGE_USDT	+0.0584%	4h	0.5963	+0.034%	$1.1M	$720K	50x	as long as short
BloFin EDGE-USDT	+0.0624%	4h	0.5961	0.000%	$673K	$106K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0669%	4h	0.5961	0.000%	$2K	$1K	10x	as long as short