Settings8H · net · $10k
Funding arb · Price arb /

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.7% APRnext payment $0.76 per $10,000 · paid last 24h −0.103%
Price spread now: SunX against Binance−0.064%7-day average −0.163% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.645%−$65 on $10k
Price spread, last 4 days (all we have)−0.182%−$18 · spread now −0.064%, 7d avg −0.163%
Together, before fees−0.827%−$83 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.099% dearer against Binance than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.163%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.645% in total) that is about 26 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance 4USDT0.019930.0252pay 0.0126% / 4h2h 40m$7.8M$13.3M20x
ShortSunX 4-USDT0.019920.0100get 0.0050% / 4h2h 40m$2K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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

Funding earned
−$31.95
Price spread: −0.064% → −0.163%
$9.94
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$40
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 15 min ago; SunX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago1.99 bp28.9 bp −$29240.5 bp −$2,405doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago503.24 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

4 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 4USDT+0.0100%4h0.01990−0.164%$2.6M$2.0M5xas long as short
Gate 4_USDT+0.0100%4h0.01995+0.067%$531K$299K20xas long as short
Variational Omni 4+0.0100%4h0.02001+0.406%$45K$8Kas long as short
SunX 4-USDTshort+0.0100%4h0.01992−0.064%$2K$1.4M20x
Aster 4USDT+0.0190%4h0.01993−0.010%$236K$112K5xas long as short
BingX 4-USDT+0.0248%4h0.01992−0.039%$1.4Mas long as short
MEXC 4_USDT+0.0252%4h0.01991−0.114%$1.6M$909K100xas long as short
Binance 4USDTlong+0.0252%4h0.01993long leg$7.8M$13.3M20x
KuCoin 4USDTM+0.0534%4h0.01992−0.064%$886K$12.4M20xas long as short