Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against SunX+0.455%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Lighter

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: Lighter is 0.455% dearer against SunX than usual: you sell high and buy low, +$45 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	SunX EDGE-USDT	0.5830	0.0100	pay 0.0050% / 4h	1h 16m	$4K	$609K	10x
Short	Lighter EDGE	0.5857	0.0096	get 0.0012% / 1h	16m 55s	$54K	$8K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.455%Rate

Funding earned: −$0.84
Price spread: +0.455% → 0.000%: $45.45
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $36.61
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 54 min ago; Lighter: no order-book sample. 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, 54 min ago	500.64 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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
Lighter EDGEshort	+0.0096%	1h	0.5857	+0.455%	$54K	$8K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5864	+0.583%	$6.9M	$3.4M	25x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5870	+0.686%	$4.7M	$1.0M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5871	+0.710%	$60K	$100K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5859	+0.502%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5869	+0.661%	$12K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5877	+0.806%	$8K	$295K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5830	long leg	$4K	$609K	10x
KuCoin EDGEUSDTM	+0.0166%	4h	0.5870	+0.686%	$2.1M	$2.3M	50x	as long as short
BloFin EDGE-USDT	+0.0465%	4h	0.5878	+0.823%	$632K	$125K	50x	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	+0.0466%	4h	0.5873	+0.738%	$1.2M	$921K	50x	as long as short
Extended EDGE-USD	+0.0472%	1h	0.5868	+0.649%	$27K	$230K	5x	as long as short
Binance EDGEUSDT	+0.0473%	4h	0.5873	+0.738%	$10.0M	$10.1M	50x	as long as short
Aster EDGEUSDT	+0.0483%	4h	0.5872	+0.720%	$68K	$136K	5x	as long as short
edgeX EDGEUSDC	+0.0531%	4h	0.5869	+0.673%	$14.0M	$3.4M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0550%	4h	0.5874	+0.755%	$3.6M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0566%	4h	0.5874	+0.755%	$3K	—	10x	as long as short