Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Lighter−0.584%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.584% cheaper against Lighter than usual: you would sell low and buy high, −$58 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter EDGE	0.5990	0.0096	pay 0.0012% / 1h	46m 28s	$44K	$22K	3x
Short	SunX EDGE-USDT	0.5955	0.0100	get 0.0050% / 4h	1h 46m	$4K	$641K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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 LighterbpFee SunXbpOrdersPrice spread, now −0.584%Rate

Funding earned: $0.84
Price spread: −0.584% → 0.000%: −$58.43
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$65.59
Costs to cover: 0.080%
Break-even: 553.6 days

Slippage unknown: Lighter: no order-book sample; SunX: live order book, 15 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 Lighter no order-book sample	—	—	—	—	—
Sell SunX live order book, 15 min ago	500.91 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0397%	1h	0.5994	+0.073%	$59K	$120K	3.3x	as long as short
Lighter EDGElong	+0.0096%	1h	0.5990	long leg	$44K	$22K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5994	+0.067%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.6006	+0.267%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.6003	+0.217%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5999	+0.142%	$189K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6004	+0.236%	$247	$2.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6039	+0.818%	$9K	$295K	50x	as long as short
SunX EDGE-USDTshort	+0.0100%	4h	0.5955	−0.584%	$4K	$641K	10x
Aster EDGEUSDT	+0.0351%	4h	0.6007	+0.284%	$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	+0.0479%	4h	0.6032	+0.702%	$14.4M	$3.7M	30x	as long as short
BloFin EDGE-USDT	+0.0483%	4h	0.6006	+0.267%	$670K	$104K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0490%	4h	0.6015	+0.417%	$3.8M	$6.1M	20x	as long as short
Extended EDGE-USD	+0.0512%	1h	0.6005	+0.248%	$29K	$84K	5x	as long as short
MEXC EDGE_USDT	+0.0512%	4h	0.6000	+0.167%	$1.1M	$801K	50x	as long as short
Binance EDGEUSDT	+0.0512%	4h	0.6004	+0.232%	$10.3M	$10.8M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0631%	4h	0.5999	+0.150%	$2K	$1K	10x	as long as short