Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: KuCoin against OKX−0.100%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$460as in the Funding arb table

Net, price: spread back to 7d avg − costs−$462as in the Price arb table

costs, in and out, $10k−$4554.549% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.100%, 7d avg −0.032%

Together, before fees+0.066%+$7 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: KuCoin is 0.068% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX EDGE-USDT-SWAP	0.5976	0.0100	pay 0.0050% / 4h	4m 54s	$3.7M	$5.7M	20x
Short	KuCoin EDGEUSDTM	0.5970	0.0100	get 0.0050% / 4h	4m 54s	$2.1M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.100%Rate

Funding earned: $0
Price spread: −0.100% → −0.032%: −$6.8
Slippage, 4 orders: −$432.95
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$461.75
Costs to cover: 4.549%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: 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 OKX live order book, 2 min ago	1.67 bp	26.3 bp −$26	149.3 bp −$1,493	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	6.70 bp	192.7 bp −$193	898.2 bp −$8,982	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	−0.0773%	1h	0.5970	−0.105%	$57K	$98K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5952	−0.397%	$55K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5961	−0.251%	$7.0M	$3.2M	25x	as long as short
OKX EDGE-USDT-SWAPlong	+0.0100%	4h	0.5976	long leg	$3.7M	$5.7M	20x
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.5970	−0.100%	$2.1M	$2.3M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5961	−0.251%	$4.7M	$959K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5960	−0.260%	$192K	$129K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5969	−0.116%	$8K	$1.5M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5974	−0.033%	$6K	$291K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5924	−0.870%	$4K	$582K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EDGEUSDC	+0.0105%	4h	0.5970	−0.103%	$14.3M	$3.4M	30x	as long as short
BloFin EDGE-USDT	+0.0136%	4h	0.5965	−0.184%	$649K	$127K	50x	as long as short
Extended EDGE-USD	+0.0168%	1h	0.5970	−0.098%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0170%	4h	0.5970	−0.100%	$1.2M	$922K	50x	as long as short
Binance EDGEUSDT	+0.0171%	4h	0.5970	−0.092%	$10.1M	$9.8M	50x	as long as short
Aster EDGEUSDT	+0.0192%	4h	0.5973	−0.045%	$69K	$133K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0428%	4h	0.5969	−0.117%	$3K	—	10x	as long as short