Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX+0.642%7-day average −0.535% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.601%−$60 · spread now +0.642%, 7d avg −0.535%

Together, before fees−0.601%−$60 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: Bitget is 1.177% dearer against SunX than usual: you sell high and buy low, +$118 on $10k if it goes back to its 7-day average of −0.535%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.5918	0.0100	pay 0.0050% / 4h	3h 55m	$4K	$626K	10x
Short	Bitget EDGEUSDT	0.5956	0.0100	get 0.0050% / 4h	3h 55m	$4.7M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.642%Rate

Funding earned: $0
Price spread: +0.642% → −0.535%: $117.69
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $97.69
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 26 min ago; Bitget: live order book, 2 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 SunX live order book, 26 min ago	501.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.71 bp	29.9 bp −$30	233.7 bp −$2,337	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	+0.556%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5950	+0.541%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5957	+0.659%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5956	+0.642%	$4.7M	$1.1M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5956	+0.642%	$58K	$110K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5944	+0.447%	$189K	$136K	—	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5964	+0.777%	$9K	$305K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5918	long leg	$4K	$626K	10x
GRVT EDGE_USDT_Perp	+0.0148%	4h	0.5965	+0.799%	$8K	$2.5M	10x	as long as short
Aster EDGEUSDT	+0.0460%	4h	0.5961	+0.727%	$58K	$152K	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	+0.0470%	4h	0.5962	+0.746%	$14.3M	$3.6M	30x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5957	+0.657%	$27K	$198K	5x	as long as short
MEXC EDGE_USDT	+0.0472%	4h	0.5960	+0.710%	$1.1M	$861K	50x	as long as short
Binance EDGEUSDT	+0.0472%	4h	0.5961	+0.719%	$10.2M	$10.5M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0497%	4h	0.5966	+0.811%	$3.7M	$5.8M	20x	as long as short
BloFin EDGE-USDT	+0.0507%	4h	0.5965	+0.794%	$659K	$103K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0568%	4h	0.5957	+0.659%	$3K	$359	10x	as long as short