Funding arb · Price arb /

BEAT

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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: Bybit against SunX−0.277%46s7-day average −0.233% · you buy dearer than you sell

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2322.316% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.277%, 7d avg −0.233%

Together, before fees−0.070%−$7 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 0.045% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.233%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BEAT-USDT	0.08654	0.0100	pay 0.0050% / 4h	3h 46m	$2K	$1.4M	20x
Short	Bybit BEATUSDT	0.08630	0.0100	get 0.0050% / 4h	3h 46m	$4.6M	$2.2M	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 −0.277%Rate

Funding earned: $0
Price spread: −0.277% → −0.233%: −$4.48
Slippage, 4 orders: −$212.63
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$236.1
Costs to cover: 2.316%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Bybit: live order book, 1 min ago.

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, 8 min ago	35.39 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.58 bp	42.3 bp −$42	458.8 bp −$4,588	doesn't fit	doesn't fit

BEAT 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
Aster BEATUSDT	+0.0100%	4h	0.08634	−0.236%	$48K	$30K	10x	as long as short
Bybit BEATUSDTshort	+0.0100%	4h	0.08630	−0.277%	$4.6M	$2.2M	25x
Variational Omni BEAT	+0.0100%	4h	0.08591	−0.732%	$33K	$588	—	as long as short
SunX BEAT-USDTlong	+0.0100%	4h	0.08654	long leg	$2K	$1.4M	20x
OKX BEAT-USDT-SWAP	+0.0261%	4h	0.08631	−0.266%	$4.2M	$10.1M	10x	as long as short
edgeX BEATUSDC	+0.0334%	4h	0.08603	−0.587%	$4K	$165K	10x	as long as short
Extended BEAT-USD	+0.0344%	1h	0.08648	−0.068%	$4K	$249K	5x	as long as short
Gate BEAT_USDT	+0.0345%	8h	0.08630	−0.277%	$3.2M	$2.0M	20x	as long as short
MEXC BEAT_USDT	+0.0346%	4h	0.08640	−0.162%	$5.7M	$2.5M	100x	as long as short
Binance BEATUSDT	+0.0346%	4h	0.08631	−0.271%	$8.1M	$10.9M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BEAT-USDT	+0.0357%	4h	0.08620	−0.393%	$485K	$49K	10x	as long as short
BingX BEAT-USDT	+0.0400%	4h	0.08640	−0.162%	—	$7.6M	—	as long as short
Bitget BEATUSDT	+0.0436%	4h	0.08650	−0.046%	$1.3M	$1.1M	10x	as long as short
HTX BEAT-USDT	+0.0611%	4h	0.08610	−0.508%	$118K	$66K	20x	as long as short
KuCoin BEATUSDTM	+0.0736%	4h	0.08639	−0.173%	$2.5M	$1.1M	25x	as long as short