Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX+0.535%7-day average −0.508% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.380%−$38 · spread now +0.535%, 7d avg −0.508%

Together, before fees−0.391%−$39 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 1.043% dearer against SunX than usual: you sell high and buy low, +$104 on $10k if it goes back to its 7-day average of −0.508%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.5799	0.0100	pay 0.0050% / 4h	2h 29m	$4K	$603K	10x
Short	Bybit EDGEUSDT	0.5830	0.0100	get 0.0050% / 4h	2h 29m	$6.9M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.535%Rate

Funding earned: $0
Price spread: +0.535% → −0.508%: $104.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $85.28
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: SunX: live order book, 52 min ago; Bybit: live order book, 4 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, 52 min ago	501.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.28 bp	131.7 bp −$132	328.7 bp −$3,287	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	−0.0512%	1h	0.5837	+0.662%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5824	+0.424%	$54K	$9K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5830	+0.535%	$6.9M	$3.2M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5842	+0.742%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5840	+0.707%	$4.6M	$988K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5827	+0.487%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5841	+0.725%	$11K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5843	+0.759%	$6K	$294K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5799	long leg	$4K	$603K	10x
Aster EDGEUSDT	+0.0247%	4h	0.5840	+0.714%	$67K	$134K	5x	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	+0.0258%	4h	0.5835	+0.621%	$628K	$125K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0271%	4h	0.5843	+0.759%	$3.6M	$5.7M	20x	as long as short
Extended EDGE-USD	+0.0272%	1h	0.5841	+0.721%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0272%	4h	0.5842	+0.742%	$1.2M	$929K	50x	as long as short
Binance EDGEUSDT	+0.0275%	4h	0.5841	+0.717%	$9.9M	$10.0M	50x	as long as short
edgeX EDGEUSDC	+0.0279%	4h	0.5852	+0.915%	$14.0M	$3.4M	30x	as long as short
Orderly PERP_EDGE_USDC	+0.0396%	4h	0.5837	+0.655%	$3K	—	10x	as long as short