Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.004%

Price spread now: Lighter against KuCoin−0.244%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.244% cheaper against KuCoin than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EDGEUSDTM	0.5980	0.0100	pay 0.0050% / 4h	1h 27m	$2.1M	$2.2M	50x
Short	Lighter EDGE	0.5965	0.0096	get 0.0012% / 1h	27m 49s	$43K	$22K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.244%Rate

Funding earned: −$0.84
Price spread: −0.244% → 0.000%: −$24.41
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.25
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 min ago; Lighter: no order-book sample. 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 KuCoin live order book, 9 min ago	4.17 bp	74.6 bp −$75	1006.5 bp −$10.1K	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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	−0.0458%	1h	0.5977	−0.055%	$59K	$120K	3.3x	as long as short
Lighter EDGEshort	+0.0096%	1h	0.5965	−0.244%	$43K	$22K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5970	−0.167%	$7.2M	$3.4M	25x	as long as short
KuCoin EDGEUSDTMlong	+0.0100%	4h	0.5980	long leg	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5984	+0.067%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5970	−0.160%	$188K	$144K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5980	+0.008%	$9K	$3.0M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5988	+0.134%	$9K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5934	−0.769%	$4K	$642K	10x	as long as short
Aster EDGEUSDT	+0.0281%	4h	0.5979	−0.016%	$52K	$156K	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	+0.0418%	4h	0.5992	+0.201%	$3.7M	$6.1M	20x	as long as short
Binance EDGEUSDT	+0.0446%	4h	0.5984	+0.067%	$10.3M	$10.8M	50x	as long as short
edgeX EDGEUSDC	+0.0447%	4h	0.5981	+0.023%	$14.3M	$3.7M	30x	as long as short
Extended EDGE-USD	+0.0448%	1h	0.5985	+0.085%	$29K	$81K	5x	as long as short
MEXC EDGE_USDT	+0.0452%	4h	0.5982	+0.033%	$1.1M	$802K	50x	as long as short
BloFin EDGE-USDT	+0.0468%	4h	0.5981	+0.017%	$665K	$106K	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0609%	4h	0.5977	−0.050%	$2K	$1K	10x	as long as short