Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SunX+0.214%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1981.979% of the position

Long on SunX Short on edgeX

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)−2.924%−$292 · spread now +0.214%, 7d avg −0.081%

Together, before fees−2.924%+ Points / potential airdropedgeX: Active · farm board−$292 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: edgeX is 0.295% dearer against SunX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ARB-USDT	0.2210	0.0100	pay 0.0100% / 8h	6h 59m	$2K	$1.1M	30x
Short	edgeX ARBUSDC	0.2215	0.0100	get 0.0050% / 4h	2h 59m	$40K	$468K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.214%Rate

Funding earned: $0
Price spread: +0.214% → −0.081%: $29.55
Slippage, 4 orders: −$180.87
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$168.32
Costs to cover: 1.979%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; edgeX: live order book, 35 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 SunX live order book, 4 min ago	31.53 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 35 min ago	13.72 bp	19.9 bp −$20	111.8 bp −$1,118	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1631%	1h	0.2222	+0.543%	$40K	$372K	12x	as long as short
Kraken Futures PF_ARBUSD	−0.0388%	1h	0.2206	−0.163%	$1.1M	$4.3M	50x	as long as short
01 Exchange ARBUSD	−0.0288%	1h	0.2206	−0.190%	$7K	$458	10x	as long as short
Deribit ARB_USDC-PERPETUAL	−0.0249%	1h	0.2203	−0.294%	$28K	$37K	25x	as long as short
SoDEX ARB-USD	−0.0140%	1h	0.2204	−0.276%	$9K	$2.2M	5x	as long as short
OKX ARB-USDT-SWAP	−0.0117%	8h	0.2205	−0.222%	$22.5M	$146.4M	50x	as long as short
MEXC ARB_USDT	−0.0116%	8h	0.2205	−0.213%	$43.5M	$62.6M	200x	as long as short
Gate ARB_USDT	−0.0050%	8h	0.2205	−0.249%	$5.4M	$17.6M	60x	as long as short
Orderly PERP_ARB_USDC	−0.0033%	8h	0.2205	−0.226%	$16K	$410K	10x	as long as short
Bybit ARBUSDT	−0.0015%	8h	0.2205	−0.217%	$54.1M	$124.3M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2208	−0.109%	$64K	$4K	10x	as long as short
Extended ARB-USD	0.0000%	1h	0.2205	−0.245%	$364K	$3.0M	25x	as long as short
Phemex ARBUSDT	+0.0003%	8h	0.2207	−0.136%	$4.8M	$12.8M	50x	as long as short
Binance ARBUSDT	+0.0004%	8h	0.2206	−0.199%	$63.9M	$297.7M	75x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2211	+0.045%	$73K	—	150x	as long as short
BloFin ARB-USDT	+0.0015%	8h	0.2205	−0.217%	$3.0M	$2.3M	75x	as long as short
Variational Omni ARB	+0.0024%	8h	0.2210	−0.012%	$1.8M	$3.0M	—	as long as short
BingX ARB-USDT	+0.0052%	8h	0.2205	−0.249%	—	$32.6M	—	as long as short
Bitget ARBUSDT	+0.0056%	8h	0.2205	−0.226%	$21.2M	$34.7M	50x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2205	−0.241%	$140K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2204	−0.271%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARB	+0.0100%	1h	0.2208	−0.113%	$35.9M	$51.7M	10x	as long as short
Aster ARBUSDT	+0.0100%	8h	0.2206	−0.165%	$630K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2208	−0.073%	$44K	$144K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2206	−0.186%	$19.2M	$13.9M	75x	as long as short
Backpack ARB_USDC_PERP	+0.0100%	1h	0.2207	−0.145%	$986K	$2.7M	20x	as long as short
edgeX ARBUSDCshort	+0.0100%	4h	0.2215	+0.214%	$40K	$468K	20x
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2216	+0.271%	$474K	$3.5M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2215	+0.226%	$120K	$290K	50x	as long as short
Polymarket Perps ARB-USD	+0.0100%	1h	0.2207	−0.145%	$74K	$2.0M	10x	as long as short
SunX ARB-USDTlong	+0.0100%	8h	0.2210	long leg	$2K	$1.1M	30x
HTX ARB-USDT	+0.0100%	8h	0.2208	−0.104%	$296K	$826K	50x	as long as short
RISEx ARB/USDC	+0.0198%	1h	0.2206	−0.165%	$544K	$2.6M	10x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0159%	1h	0.2216	+0.262%	$838K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2204	−0.256%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0408%	1h	0.2221	+0.516%	$532K	$1.5M	50x	as long as short