Funding arb · Price arb /

4

all 4 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.039%

Price spread now: Bybit against SunX−0.104%7-day average +0.011% · you buy dearer than you sell

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+0.505%+$51 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.104%, 7d avg +0.011%

Together, before fees+0.438%+$44 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 0.115% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 4-USDT	0.02024	0.0100	pay 0.0050% / 4h	3h 05m	$2K	$1.5M	20x
Short	Bybit 4USDT	0.02022	0.0100	get 0.0050% / 4h	3h 05m	$2.7M	$2.1M	5x

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 −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.011%: −$11.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.46
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Bybit: live order book, 2 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, 10 min ago	503.70 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.92 bp	195.5 bp −$196	624.0 bp −$6,240	doesn't fit	doesn't fit

4 on 9 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
Bybit 4USDTshort	+0.0100%	4h	0.02022	−0.104%	$2.7M	$2.1M	5x
Variational Omni 4	+0.0100%	4h	0.02022	−0.098%	$48K	$12K	—	as long as short
SunX 4-USDTlong	+0.0100%	4h	0.02024	long leg	$2K	$1.5M	20x
KuCoin 4USDTM	+0.0176%	4h	0.02023	−0.049%	$894K	$12.1M	20x	as long as short
Aster 4USDT	+0.0371%	4h	0.02023	−0.059%	$238K	$118K	5x	as long as short
BingX 4-USDT	+0.0406%	4h	0.02034	+0.484%	—	$1.4M	—	as long as short
MEXC 4_USDT	+0.0452%	4h	0.02024	0.000%	$1.9M	$993K	100x	as long as short
Binance 4USDT	+0.0453%	4h	0.02024	+0.010%	$8.0M	$14.3M	20x	as long as short
Gate 4_USDT	+0.0890%	4h	0.02025	+0.064%	$555K	$335K	20x	as long as short