Funding arb · Price arb /

EDGE

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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 Bitget0.000%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$523as in the Funding arb table

Net, price: spread back to 7d avg − costs−$534as in the Price arb table

costs, in and out, $10k−$5235.230% of the position

Long on Bitget 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 7 days−0.017%−$2 · spread now 0.000%, 7d avg +0.108%

Together, before fees−0.014%−$1 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 0.108% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.5981	0.0100	pay 0.0050% / 4h	3h 35m	$4.8M	$1.0M	20x
Short	KuCoin EDGEUSDTM	0.5981	0.0100	get 0.0050% / 4h	3h 35m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.108%: −$10.81
Slippage, 4 orders: −$499.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$533.86
Costs to cover: 5.230%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 1 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 Bitget live order book, 3 min ago	7.52 bp	42.3 bp −$42	563.4 bp −$5,634	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	5.01 bp	324.8 bp −$325	910.9 bp −$9,109	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	+0.0024%	1h	0.5976	−0.082%	$57K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5968	−0.221%	$49K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5969	−0.201%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.5981	0.000%	$2.1M	$2.2M	50x
Bitget EDGEUSDTlong	+0.0100%	4h	0.5981	long leg	$4.8M	$1.0M	20x
Variational Omni EDGE	+0.0100%	4h	0.5976	−0.082%	$192K	$127K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5984	+0.050%	$3K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6004	+0.385%	$9K	$293K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5945	−0.602%	$4K	$615K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0541%	4h	0.5979	−0.033%	$3.7M	$5.9M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0578%	4h	0.5985	+0.064%	$69K	$133K	5x	as long as short
edgeX EDGEUSDC	+0.0588%	4h	0.5995	+0.237%	$14.3M	$3.6M	30x	as long as short
Binance EDGEUSDT	+0.0592%	4h	0.5977	−0.074%	$10.2M	$10.2M	50x	as long as short
Extended EDGE-USD	+0.0592%	1h	0.5976	−0.087%	$27K	$224K	5x	as long as short
MEXC EDGE_USDT	+0.0596%	4h	0.5974	−0.117%	$1.2M	$912K	50x	as long as short
BloFin EDGE-USDT	+0.0635%	4h	0.5980	−0.017%	$645K	$95K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0772%	4h	0.5980	−0.017%	$3K	—	10x	as long as short