Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h −0.032%

Price spread now: OKX against Extended+0.217%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1971.972% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.217%, 7d avg +0.076%

Together, before fees−0.314%+ Points / potential airdropExtended: Active · farm board−$31 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: OKX is 0.142% dearer against Extended than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended EDGE-USD	0.5927	0.0480	pay 0.0060% / 1h	57m 13s	$27K	$195K	5x
Short	OKX EDGE-USDT-SWAP	0.5940	0.0474	get 0.0237% / 4h	1h 57m	$3.7M	$5.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.217%Rate

Funding earned: −$1.29
Price spread: +0.217% → +0.076%: $14.15
Slippage, 4 orders: −$182.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$184.3
Costs to cover: 1.972%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; OKX: 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 Extended live order book, 4 min ago	3.65 bp	61.2 bp −$61	504.8 bp −$5,048	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	2.54 bp	23.4 bp −$23	79.2 bp −$792	doesn't fit	doesn't fit

EDGE on 16 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 EDGE	+0.0096%	1h	0.5920	−0.122%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5919	−0.137%	$7.1M	$3.4M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5922	−0.087%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5920	−0.120%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5933	+0.104%	$58K	$104K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5898	−0.484%	$192K	$131K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5912	−0.255%	$8K	$2.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5908	−0.323%	$9K	$304K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5883	−0.745%	$3K	$618K	10x	as long as short
edgeX EDGEUSDC	+0.0457%	4h	0.5908	−0.325%	$14.1M	$3.6M	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX EDGE-USDT-SWAPshort	+0.0474%	4h	0.5940	+0.217%	$3.7M	$5.8M	20x
Extended EDGE-USDlong	+0.0480%	1h	0.5927	long leg	$27K	$195K	5x
Binance EDGEUSDT	+0.0483%	4h	0.5922	−0.084%	$10.1M	$10.4M	50x	as long as short
MEXC EDGE_USDT	+0.0486%	4h	0.5925	−0.036%	$1.1M	$899K	50x	as long as short
Aster EDGEUSDT	+0.0490%	4h	0.5921	−0.103%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0695%	4h	0.5920	−0.120%	$3K	—	10x	as long as short