Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against KuCoin+0.050%7-day average −0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$616as in the Funding arb table

Net, price: spread back to 7d avg − costs−$599as in the Price arb table

costs, in and out, $10k−$6156.146% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.050%, 7d avg −0.101%

Together, before fees−0.091%−$9 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: Bybit is 0.151% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EDGEUSDTM	0.5969	0.0100	pay 0.0050% / 4h	3h 25m	$2.1M	$2.2M	50x
Short	Bybit EDGEUSDT	0.5972	0.0100	get 0.0050% / 4h	3h 25m	$7.2M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → −0.101%: $15.11
Slippage, 4 orders: −$591.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$599.44
Costs to cover: 6.146%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 2 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	4.19 bp	163.6 bp −$164	1034.2 bp −$10.3K	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.84 bp	104.4 bp −$104	334.5 bp −$3,345	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
Lighter EDGE	+0.0096%	1h	0.5972	+0.047%	$44K	$19K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5972	+0.050%	$7.2M	$3.3M	25x
KuCoin EDGEUSDTMlong	+0.0100%	4h	0.5969	long leg	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5968	−0.017%	$4.7M	$1.1M	20x	as long as short
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5965	−0.072%	$58K	$113K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5960	−0.152%	$190K	$141K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5960	−0.152%	$8K	$2.6M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5969	0.000%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5934	−0.586%	$3K	$623K	10x	as long as short
Aster EDGEUSDT	+0.0446%	4h	0.5973	+0.063%	$56K	$155K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended EDGE-USD	+0.0496%	1h	0.5980	+0.189%	$27K	$196K	5x	as long as short
MEXC EDGE_USDT	+0.0496%	4h	0.5982	+0.218%	$1.1M	$864K	50x	as long as short
Binance EDGEUSDT	+0.0497%	4h	0.5984	+0.249%	$10.3M	$10.5M	50x	as long as short
BloFin EDGE-USDT	+0.0547%	4h	0.5977	+0.134%	$658K	$103K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0548%	4h	0.5984	+0.251%	$3.8M	$5.8M	20x	as long as short
edgeX EDGEUSDC	+0.0552%	4h	0.5967	−0.036%	$14.3M	$3.7M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0589%	4h	0.5964	−0.084%	$3K	$1K	10x	as long as short