Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.090%

Price spread now: KuCoin against Extended−0.146%7-day average — · you buy dearer than you sell

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

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.259%−$26 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.146% cheaper against Extended than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.6047	0.0448	pay 0.0056% / 1h	59m 36s	$28K	$158K	5x
Short	KuCoin EDGEUSDTM	0.6038	0.0100	get 0.0050% / 4h	59m 36s	$2.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.146%Rate

Funding earned: −$73.08
Price spread: −0.146% → 0.000%: −$14.56
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$104.64
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; 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 Extended no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 7 min ago	5.00 bp	276.2 bp −$276	925.8 bp −$9,258	doesn't fit	doesn't fit

Extended: 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
Backpack EDGE_USDC_PERP	−0.0243%	1h	0.6019	−0.453%	$57K	$123K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.6033	−0.230%	$44K	$22K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.6038	−0.146%	$7.3M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMshort	+0.0100%	4h	0.6038	−0.146%	$2.2M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.6042	−0.079%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5983	−1.048%	$189K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.6001	−0.758%	$4K	$3.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6002	−0.741%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5956	−1.502%	$4K	$641K	10x	as long as short
Aster EDGEUSDT	+0.0283%	4h	0.6036	−0.187%	$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
OKX EDGE-USDT-SWAP	+0.0413%	4h	0.6050	+0.053%	$3.8M	$6.2M	20x	as long as short
edgeX EDGEUSDC	+0.0425%	4h	0.6006	−0.674%	$14.4M	$3.7M	30x	as long as short
Binance EDGEUSDT	+0.0447%	4h	0.6045	−0.023%	$10.4M	$10.8M	50x	as long as short
Extended EDGE-USDlong	+0.0448%	1h	0.6047	long leg	$28K	$158K	5x
MEXC EDGE_USDT	+0.0448%	4h	0.6044	−0.046%	$1.1M	$756K	50x	as long as short
BloFin EDGE-USDT	+0.0457%	4h	0.5999	−0.791%	$668K	$107K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0629%	4h	0.5996	−0.840%	$2K	$1K	10x	as long as short