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: SunX against KuCoin+4.404%7-day average +0.490% · you sell dearer than you buy

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−4.670%−$467 · spread now +4.404%, 7d avg +0.490%

Together, before fees−4.673%−$467 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: SunX is 3.914% dearer against KuCoin than usual: you sell high and buy low, +$391 on $10k if it goes back to its 7-day average of +0.490%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin EDGEUSDTM	0.5995	0.0100	pay 0.0050% / 4h	39m 13s	$2.1M	$2.2M	50x
Short	SunX EDGE-USDT	0.6259	0.0100	get 0.0050% / 4h	39m 13s	$4K	$627K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +4.404%Rate

Funding earned: $0
Price spread: +4.404% → +0.490%: $391.37
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: $371.37
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 2 min ago; SunX: live order book, 52 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 KuCoin live order book, 2 min ago	5.03 bp	148.4 bp −$148	1012.5 bp −$10.1K	doesn't fit	doesn't fit
Sell SunX live order book, 52 min ago	501.05 bp	doesn't fit	doesn't fit	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	−0.0289%	1h	0.5987	−0.133%	$57K	$110K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5995	+0.007%	$44K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5996	+0.017%	$7.2M	$3.3M	25x	as long as short
KuCoin EDGEUSDTMlong	+0.0100%	4h	0.5995	long leg	$2.1M	$2.2M	50x
Bitget EDGEUSDT	+0.0100%	4h	0.5997	+0.033%	$4.8M	$1.1M	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5945	−0.827%	$189K	$136K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5962	−0.547%	$972	$2.3M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5965	−0.500%	$9K	$305K	50x	as long as short
SunX EDGE-USDTshort	+0.0100%	4h	0.6259	+4.404%	$4K	$627K	10x
MEXC EDGE_USDT	+0.0392%	4h	0.6006	+0.183%	$1.1M	$886K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin EDGE-USDT	+0.0397%	4h	0.6002	+0.117%	$652K	$103K	50x	as long as short
Extended EDGE-USD	+0.0400%	1h	0.5999	+0.075%	$28K	$191K	5x	as long as short
Binance EDGEUSDT	+0.0400%	4h	0.6006	+0.185%	$10.3M	$10.5M	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0419%	4h	0.6010	+0.250%	$3.8M	$5.9M	20x	as long as short
edgeX EDGEUSDC	+0.0434%	4h	0.5973	−0.366%	$14.3M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0470%	4h	0.5993	−0.028%	$68K	$132K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0570%	4h	0.5995	0.000%	$3K	—	10x	as long as short