Funding arb · Price arb /

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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 0.000%

Price spread now: Bitget against SunX+0.629%7-day average −0.484% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−1.255%−$126 · spread now +0.629%, 7d avg −0.484%

Together, before fees−1.255%−$126 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 1.112% dearer against SunX than usual: you sell high and buy low, +$111 on $10k if it goes back to its 7-day average of −0.484%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.5887	0.0100	pay 0.0050% / 4h	1h 40m	$4K	$618K	10x
Short	Bitget EDGEUSDT	0.5924	0.0100	get 0.0050% / 4h	1h 40m	$4.7M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.629%Rate

Funding earned: $0
Price spread: +0.629% → −0.484%: $111.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $91.24
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 61 min ago; Bitget: live order book, 3 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 SunX live order book, 61 min ago	500.86 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.22 bp	36.4 bp −$36	254.9 bp −$2,549	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	0.5915	+0.471%	$43K	$19K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5915	+0.476%	$7.1M	$3.3M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5924	+0.629%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5924	+0.629%	$4.7M	$1.1M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5926	+0.668%	$61K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5912	+0.431%	$191K	$133K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5924	+0.621%	$3K	$2.1M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5929	+0.713%	$9K	$305K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5887	long leg	$4K	$618K	10x
BloFin EDGE-USDT	+0.0427%	4h	0.5929	+0.713%	$656K	$101K	50x	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	+0.0457%	4h	0.5931	+0.747%	$3.7M	$5.8M	20x	as long as short
edgeX EDGEUSDC	+0.0460%	4h	0.5920	+0.569%	$14.2M	$3.6M	30x	as long as short
MEXC EDGE_USDT	+0.0460%	4h	0.5926	+0.662%	$1.1M	$900K	50x	as long as short
Binance EDGEUSDT	+0.0462%	4h	0.5927	+0.675%	$10.1M	$10.4M	50x	as long as short
Extended EDGE-USD	+0.0464%	1h	0.5924	+0.634%	$27K	$193K	5x	as long as short
Aster EDGEUSDT	+0.0480%	4h	0.5921	+0.580%	$68K	$129K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0662%	4h	0.5925	+0.645%	$3K	—	10x	as long as short