Funding arb · Price arb /

EDGE

all EDGE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: KuCoin against ApeX Omni+0.232%67s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$578as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$5785.779% of the position

Long on ApeX Omni 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)−0.355%−$36 · spread now +0.232%, 7d avg −0.041%

Together, before fees−0.353%−$35 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 0.274% dearer against ApeX Omni than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni EDGEUSDT	0.6025	0.0100	pay 0.0013% / 1h	20m 31s	$9K	$295K	50x
Short	KuCoin EDGEUSDTM	0.6039	0.0100	get 0.0050% / 4h	1h 20m	$2.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now +0.232%Rate

Funding earned: $0
Price spread: +0.232% → −0.041%: $27.37
Slippage, 4 orders: −$555.95
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$550.58
Costs to cover: 5.779%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; KuCoin: live order book, 6 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 ApeX Omni live order book, 22 min ago	14.15 bp	176.0 bp −$176	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	5.81 bp	79.1 bp −$79	919.8 bp −$9,198	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
Backpack EDGE_USDC_PERP	−0.0276%	1h	0.6032	+0.110%	$57K	$123K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.6025	+0.003%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.6029	+0.066%	$7.3M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.6039	+0.232%	$2.2M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.6028	+0.050%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.6014	−0.175%	$190K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6019	−0.101%	$2K	$3.0M	10x	as long as short
ApeX Omni EDGEUSDTlong	+0.0100%	1h	0.6025	long leg	$9K	$295K	50x
SunX EDGE-USDT	+0.0100%	4h	0.6292	+4.432%	$4K	$642K	10x	as long as short
Aster EDGEUSDT	+0.0327%	4h	0.6027	+0.039%	$53K	$155K	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	+0.0443%	4h	0.6017	−0.127%	$14.4M	$3.7M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0480%	4h	0.6046	+0.349%	$3.8M	$6.2M	20x	as long as short
MEXC EDGE_USDT	+0.0492%	4h	0.6040	+0.249%	$1.1M	$806K	50x	as long as short
Extended EDGE-USD	+0.0496%	1h	0.6038	+0.217%	$27K	$85K	5x	as long as short
Binance EDGEUSDT	+0.0504%	4h	0.6042	+0.282%	$10.4M	$10.8M	50x	as long as short
BloFin EDGE-USDT	+0.0548%	4h	0.6033	+0.133%	$664K	$107K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0613%	4h	0.6026	+0.017%	$3K	$1K	10x	as long as short