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: Bitget against KuCoin−0.033%7-day average −0.108% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$516as in the Price arb table

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

Long on KuCoin Short on Bitget

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+0.050%+$5 · spread now −0.033%, 7d avg −0.108%

Together, before fees+0.048%+$5 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: Bitget is 0.075% dearer against KuCoin than usual: you sell high and buy low, +$7 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	KuCoin EDGEUSDTM	0.5984	0.0100	pay 0.0050% / 4h	3h 35m	$2.1M	$2.2M	50x
Short	Bitget EDGEUSDT	0.5982	0.0100	get 0.0050% / 4h	3h 35m	$4.8M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.108%: $7.47
Slippage, 4 orders: −$499.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$515.57
Costs to cover: 5.230%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Bitget: live order book, 3 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 KuCoin live order book, 1 min ago	5.01 bp	119.9 bp −$120	967.2 bp −$9,672	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.52 bp	36.1 bp −$36	333.1 bp −$3,331	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	+0.0033%	1h	0.5988	+0.070%	$57K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5974	−0.164%	$50K	$14K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5970	−0.234%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMlong	+0.0100%	4h	0.5984	long leg	$2.1M	$2.2M	50x
Bitget EDGEUSDTshort	+0.0100%	4h	0.5982	−0.033%	$4.8M	$1.0M	20x
Variational Omni EDGE	+0.0100%	4h	0.5976	−0.132%	$192K	$127K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5984	0.000%	$3K	$1.9M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.6004	+0.334%	$9K	$293K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5952	−0.535%	$3K	$614K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0550%	4h	0.5983	−0.017%	$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	0.5990	+0.094%	$69K	$133K	5x	as long as short
edgeX EDGEUSDC	+0.0588%	4h	0.5995	+0.187%	$14.3M	$3.6M	30x	as long as short
Binance EDGEUSDT	+0.0592%	4h	0.5982	−0.037%	$10.2M	$10.2M	50x	as long as short
MEXC EDGE_USDT	+0.0596%	4h	0.5983	−0.017%	$1.2M	$912K	50x	as long as short
Extended EDGE-USD	+0.0600%	1h	0.5979	−0.088%	$27K	$224K	5x	as long as short
BloFin EDGE-USDT	+0.0623%	4h	0.5995	+0.184%	$644K	$96K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0778%	4h	0.5988	+0.067%	$3K	—	10x	as long as short