Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against SunX−0.118%7-day average −0.053% · 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−0.011%−$1 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.118%, 7d avg −0.053%

Together, before fees+0.102%+$10 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 0.065% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06801	0.0100	pay 0.0050% / 4h	1h 24m	$1K	$802K	20x
Short	Bybit BASEDUSDT	0.06793	0.0100	get 0.0050% / 4h	1h 24m	$2.1M	$578K	25x

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 −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.053%: −$6.51
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$25.51
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 47 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, 47 min ago	501.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.21 bp	52.8 bp −$53	939.7 bp −$9,397	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	+0.0094%	4h	0.06795	−0.088%	$252K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06806	+0.074%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDTshort	+0.0100%	4h	0.06793	−0.118%	$2.1M	$578K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06798	−0.044%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06797	−0.059%	$540K	$526K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06805	+0.059%	$4.8M	$646K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06787	−0.206%	$569K	$108K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06803	+0.029%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06796	−0.074%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06783	−0.270%	$93K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06732	−1.013%	$97K	$354K	10x	as long as short
SunX BASED-USDTlong	+0.0100%	4h	0.06801	long leg	$1K	$802K	20x
Extended BASED-USD	+0.0104%	1h	0.06803	+0.024%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0149%	4h	0.06796	−0.080%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0346%	4h	0.06796	−0.074%	$3K	$652	10x	as long as short