Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against SunX−4.246%7-day average −0.438% · you buy dearer than you sell

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+3.882%+$388 · spread now −4.246%, 7d avg −0.438%

Together, before fees+3.885%+$388 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 3.808% cheaper against SunX than usual: you would sell low and buy high, −$381 on $10k if it goes back to its 7-day average of −0.438%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.6217	0.0100	pay 0.0050% / 4h	1h 29m	$4K	$620K	10x
Short	KuCoin EDGEUSDTM	0.5953	0.0100	get 0.0050% / 4h	1h 29m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −4.246%Rate

Funding earned: $0
Price spread: −4.246% → −0.438%: −$380.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$400.81
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; KuCoin: live order book, 7 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, 2 min ago	501.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	4.21 bp	116.5 bp −$116	889.4 bp −$8,894	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	0.5942	−4.420%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5946	−4.359%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.5953	−4.246%	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5953	−4.246%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5954	−4.234%	$61K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5946	−4.354%	$191K	$133K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5960	−4.133%	$4K	$2.1M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5949	−4.311%	$9K	$306K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.6217	long leg	$4K	$620K	10x
edgeX EDGEUSDC	+0.0466%	4h	0.5956	−4.202%	$14.2M	$3.6M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0470%	4h	0.5955	−4.214%	$1.2M	$901K	50x	as long as short
Binance EDGEUSDT	+0.0471%	4h	0.5953	−4.241%	$10.2M	$10.4M	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5950	−4.297%	$27K	$194K	5x	as long as short
Aster EDGEUSDT	+0.0507%	4h	0.5951	−4.285%	$68K	$129K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0514%	4h	0.5962	−4.102%	$3.7M	$5.8M	20x	as long as short
BloFin EDGE-USDT	+0.0524%	4h	0.5959	−4.150%	$655K	$102K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0672%	4h	0.5955	−4.214%	$3K	—	10x	as long as short