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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.1470%/8h= −161.0% APRnext payment $7.35 per $10,000 · paid last 24h −0.143%
Price spread now: SunX against Gate−0.110%7-day average −0.119% · 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−0.902%−$90 on $10k
Price spread, last 3 days (all we have)−0.155%−$16 · spread now −0.110%, 7d avg −0.119%
Together, before fees−1.057%−$106 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.119%, so right now this pair is about funding alone: −$44 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.902% in total (about -47.0% a year). A funding rate is set anew for every payment; at this rate the next one is about $7.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate 4_USDT0.021720.1570pay 0.0785% / 4h3h 19m$595K$244K20x
ShortSunX 4-USDT0.021700.0100get 0.0050% / 4h3h 19m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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
−$308.7
Price spread: −0.110% → −0.119%
$0.82
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$330.88
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 52 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 Gate live order book, 52 min ago6.43 bp384.6 bp −$385doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 4 min ago496.32 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
Variational Omni 4+0.0100%4h0.02173+0.036%$50K$8Kas long as short
SunX 4-USDTshort+0.0100%4h0.02170−0.110%$2K$1.1M20x
KuCoin 4USDTM+0.0576%4h0.02173+0.028%$943K$12.7M20xas long as short
Aster 4USDT+0.0578%4h0.02170−0.119%$248K$95K5xas long as short
Bybit 4USDT+0.0666%4h0.02167−0.235%$2.8M$1.7M5xas long as short
MEXC 4_USDT+0.0712%4h0.02173+0.028%$1.9M$851K100xas long as short
Binance 4USDT+0.0712%4h0.02169−0.162%$8.4M$11.2M20xas long as short
BingX 4-USDT+0.1058%4h0.02172−0.005%$1.4Mas long as short
Gate 4_USDTlong+0.1570%4h0.02172long leg$595K$244K20x