Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against SunX+0.552%7-day average −0.481% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−2.754%−$275 · spread now +0.552%, 7d avg −0.481%

Together, before fees−2.764%−$276 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: Bybit is 1.033% dearer against SunX than usual: you sell high and buy low, +$103 on $10k if it goes back to its 7-day average of −0.481%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.5977	0.0100	pay 0.0050% / 4h	47m 57s	$4K	$610K	10x
Short	Bybit EDGEUSDT	0.6010	0.0100	get 0.0050% / 4h	47m 57s	$7.1M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +0.552%Rate

Funding earned: $0
Price spread: +0.552% → −0.481%: $103.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $84.29
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: SunX: live order book, 13 min ago; Bybit: live order book, 5 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, 13 min ago	500.93 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.34 bp	76.6 bp −$77	308.3 bp −$3,083	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	0.6004	+0.445%	$56K	$8K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.6010	+0.552%	$7.1M	$3.3M	25x
Bitget EDGEUSDT	+0.0100%	4h	0.6016	+0.653%	$4.8M	$999K	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.6020	+0.719%	$59K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5988	+0.180%	$194K	$131K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6002	+0.421%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6007	+0.502%	$8K	$289K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5977	long leg	$4K	$610K	10x
KuCoin EDGEUSDTM	+0.0248%	4h	0.6019	+0.703%	$2.1M	$2.2M	50x	as long as short
MEXC EDGE_USDT	+0.0644%	4h	0.6022	+0.753%	$1.2M	$914K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0646%	4h	0.6009	+0.535%	$10.2M	$10.1M	50x	as long as short
Extended EDGE-USD	+0.0648%	1h	0.6006	+0.492%	$27K	$230K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0659%	4h	0.6018	+0.686%	$3K	—	10x	as long as short
Aster EDGEUSDT	+0.0675%	4h	0.6019	+0.703%	$69K	$135K	5x	as long as short
BloFin EDGE-USDT	+0.0694%	4h	0.6021	+0.736%	$641K	$129K	50x	as long as short
edgeX EDGEUSDC	+0.0768%	4h	0.6010	+0.553%	$14.4M	$3.5M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0813%	4h	0.6014	+0.619%	$3.7M	$5.9M	20x	as long as short