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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0551%/8h= +60.3% APRnext payment +$2.75 per $10,000 · paid last 24h +0.091%
Price spread now: Binance against SunX+0.076%46s7-day average +0.170% · you sell dearer than you buy
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+0.614%+$61 on $10k
Price spread, last 3 days (all we have)+0.170%+$17 · spread now +0.076%, 7d avg +0.170%
Together, before fees+0.784%+$78 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.094% cheaper against SunX than usual: you would sell low and buy high (spread +0.076% now, against its 7-day average of +0.170%). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$17 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX 4-USDT0.021720.0100pay 0.0050% / 4h11m 34s$2K$1.1M20x
ShortBinance 4USDT0.021740.0651get 0.0325% / 4h11m 34s$8.4M$11.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$115.7
Price spread: +0.076% → +0.170%
−$9.39
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
$88.31
Costs to cover
0.180%
Break-even
1.7 days
Slippage unknown: SunX: live order book, 1 min ago; Binance: live order book, 13 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 SunX live order book, 1 min ago502.64 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 13 min ago2.06 bp30.0 bp −$30157.0 bp −$1,570doesn'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%4h0.02183+0.499%$53K$5Kas long as short
SunX 4-USDTlong+0.0100%4h0.02172long leg$2K$1.1M20x
Aster 4USDT+0.0463%4h0.02179+0.314%$249K$95K5xas long as short
KuCoin 4USDTM+0.0638%4h0.02171−0.046%$954K$12.9M20xas long as short
MEXC 4_USDT+0.0648%4h0.02174+0.092%$1.9M$852K100xas long as short
Binance 4USDTshort+0.0651%4h0.02174+0.076%$8.4M$11.2M20x
Gate 4_USDT+0.0682%4h0.02186+0.640%$594K$239K20xas long as short
BingX 4-USDT+0.0786%4h0.02176+0.161%$1.4Mas long as short
Bybit 4USDT+0.0818%4h0.02170−0.087%$2.9M$1.7M5xas long as short