Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.053%

Price spread now: Extended against SunX+0.682%7-day average −0.478% · you sell dearer than you buy

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 3 days (all we have)−0.559%−$56 · spread now +0.682%, 7d avg −0.478%

Together, before fees−0.341%+ Points / potential airdropExtended: Active · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Extended is 1.160% dearer against SunX than usual: you sell high and buy low: +$116 more if the spread goes back to its 7-day average of −0.478%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX EDGE-USDT	0.5835	0.0100	pay 0.0050% / 4h	2h 21m	$4K	$604K	10x
Short	Extended EDGE-USD	0.5875	0.0344	get 0.0043% / 1h	21m 55s	$27K	$230K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.682%Rate

Funding earned: $51.24
Price spread: +0.682% → −0.478%: $115.96
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $154.2
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SunX: live order book, 59 min ago; Extended: live order book, 65 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, 59 min ago	501.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 65 min ago	5.52 bp	109.2 bp −$109	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	0.5874	+0.663%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5861	+0.442%	$54K	$9K	3x	as long as short
Bybit EDGEUSDT	+0.0100%	4h	0.5866	+0.531%	$7.0M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5873	+0.651%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5876	+0.703%	$4.7M	$989K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5859	+0.408%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5846	+0.189%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5852	+0.291%	$6K	$294K	50x	as long as short
SunX EDGE-USDTlong	+0.0100%	4h	0.5835	long leg	$4K	$604K	10x
edgeX EDGEUSDC	+0.0269%	4h	0.5840	+0.086%	$14.0M	$3.4M	30x	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	+0.0313%	4h	0.5872	+0.634%	$634K	$126K	50x	as long as short
MEXC EDGE_USDT	+0.0316%	4h	0.5877	+0.720%	$1.2M	$929K	50x	as long as short
Aster EDGEUSDT	+0.0319%	4h	0.5859	+0.405%	$67K	$134K	5x	as long as short
Binance EDGEUSDT	+0.0341%	4h	0.5879	+0.748%	$10.0M	$10.0M	50x	as long as short
Extended EDGE-USDshort	+0.0344%	1h	0.5875	+0.682%	$27K	$230K	5x
OKX EDGE-USDT-SWAP	+0.0356%	4h	0.5880	+0.771%	$3.6M	$5.7M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0428%	4h	0.5877	+0.720%	$3K	—	10x	as long as short