Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance+0.157%7-day average −0.066% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.269%−$27 · spread now +0.157%, 7d avg −0.066%

Together, before fees−0.303%−$30 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: SunX is 0.223% dearer against Binance than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06845	0.0100	pay 0.0050% / 4h	2h 56m	$4.2M	$3.1M	25x
Short	SunX BASED-USDT	0.06856	0.0100	get 0.0050% / 4h	2h 56m	$1K	$845K	20x

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

Position, each leg$Hold fordaysFee BinancebpFee SunXbpOrdersPrice spread, now +0.157%Rate

Funding earned: $0
Price spread: +0.157% → −0.066%: $22.35
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $4.35
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Binance: live order book, 10 min ago; SunX: live order book, 55 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 Binance live order book, 10 min ago	0.73 bp	23.3 bp −$23	112.9 bp −$1,129	doesn't fit	doesn't fit
Sell SunX live order book, 55 min ago	500.84 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0073%	4h	0.06843	−0.033%	$255K	$41K	25x	as long as short
Binance BASEDUSDTlong	+0.0100%	4h	0.06845	long leg	$4.2M	$3.1M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06844	−0.018%	$2.1M	$605K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06842	−0.047%	$2.6M	$3.7M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06844	−0.018%	$544K	$536K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06848	+0.040%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06857	+0.172%	$567K	$58K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06852	+0.099%	$1.3M	$360K	25x	as long as short
Variational Omni BASED	+0.0100%	4h	0.06841	−0.057%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06848	+0.037%	$91K	$373K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDTshort	+0.0100%	4h	0.06856	+0.157%	$1K	$845K	20x
Extended BASED-USD	+0.0104%	1h	0.06850	+0.074%	$4K	$199K	5x	as long as short
BingX BASED-USDT	+0.0118%	4h	0.06851	+0.084%	—	$1.7M	—	as long as short
Orderly PERP_BASED_USDC	+0.0278%	4h	0.06858	+0.186%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0346%	4h	0.06856	+0.152%	$29K	$6K	5x	as long as short