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

APR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.008%
Price spread now: BloFin against SunX−0.270%55s7-day average −0.075% · 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+0.068%+$7 on $10k
Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.270%, 7d avg −0.075%
Together, before fees+0.297%+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.195% cheaper against SunX than usual: you would sell low and buy high (spread −0.270% now, against its 7-day average of −0.075%). If the spread goes back, that is −$19 on $10k: about 33 days of funding at the current rate (+$1 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX APR-USDT0.14840.0100pay 0.0050% / 4h2h 37m$1K$1.1M20x
ShortBloFin APR-USDT0.14800.0120get 0.0060% / 4h2h 37m$288K$110K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$4.18
Price spread: −0.270% → −0.075%
−$19.45
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$35.27
Costs to cover
0.200%
Break-even
66.0 days
Slippage unknown: SunX: live order book, 6 min ago; BloFin: live order book, 52 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, 6 min ago23.21 bp58.3 bp −$58doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 52 min ago3.40 bp29.9 bp −$3089.7 bp −$897317.6 bp −$31.8Kdoesn't fit

APR on 12 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
Binance APRUSDT+0.0100%4h0.1486+0.125%$6.8M$5.1M50xas long as short
MEXC APR_USDT+0.0100%4h0.1485+0.067%$372K$175K50xas long as short
SunX APR-USDTlong+0.0100%4h0.1484long leg$1K$1.1M20x
HTX APR-USDT+0.0100%4h0.1488+0.270%$19K$44K20xas long as short
BloFin APR-USDTshort+0.0120%4h0.1480−0.270%$288K$110K50x
Bybit APRUSDT+0.0185%4h0.1485+0.067%$1.5M$631K20xas long as short
Bitget APRUSDT+0.0188%4h0.1483−0.074%$4.0M$995K50xas long as short
BingX APR-USDT+0.0410%4h0.1485+0.067%$1.4Mas long as short
OKX APR-USDT-SWAP+0.0434%4h0.1485+0.067%$1.3M$2.5M20xas long as short
Aster APRUSDT+0.0777%4h0.1481−0.230%$72K$80K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin APRUSDTM+0.0858%4h0.1484+0.007%$2.4M$343K50xas long as short
Gate APR_USDT+0.1102%4h0.1482−0.142%$701K$204K25xas long as short