Funding you earn now, next payment 04:00 UTC+0.0184%/8h= +20.2% APRnext payment +$0.92 per $10,000 · paid last 24h +0.045%
Price spread now: Binance against SunX−0.005%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$329as in the Funding arb table
Net, price: spread back to 7d avg − costs−$326as in the Price arb table
costs, in and out, $10k−$3363.356% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.005%, 7d avg −0.102%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.097% dearer against SunX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.102%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BILL-USDT | 0.01383 | 0.0100 | pay 0.0050% / 4h | 30m 38s | $2K | $1.1M | 20x |
| Short | Binance BILLUSDT | 0.01383 | 0.0284 | get 0.0142% / 4h | 30m 38s | $2.5M | $3.9M | 20x |
SunX BILL-USDT
Binance BILLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $38.72
- Price spread: −0.005% → −0.102%
- $9.68
- Slippage, 4 orders
- −$317.61
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$287.21
- Costs to cover
- 3.356%
- Break-even
- 58.9 days
Slippage from SunX: live order book, 3 min ago; Binance: live order book, 6 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, 3 min ago | 36.21 bp | 116.6 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 7.33 bp | 32.4 bp −$32 | 151.3 bp −$1,513 | doesn't fit | doesn't fit |
BILL on 16 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 BILLUSDT | +0.0100% | 4h | 0.01380 | −0.217% | $1.3M | $992K | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01379 | −0.289% | $277K | $85K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01381 | −0.145% | $646K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01379 | −0.289% | $21K | $951 | 5x | as long as short |
| SunX BILL-USDTlong | +0.0100% | 4h | 0.01383 | long leg | $2K | $1.1M | 20x | |
| HTX BILL-USDT | +0.0100% | 4h | 0.01364 | −1.374% | $11K | $39K | 20x | as long as short |
| BloFin BILL-USDT | +0.0115% | 4h | 0.01376 | −0.506% | $146K | $19K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0131% | 4h | 0.01383 | 0.000% | $1.1M | $2.8M | 20x | as long as short |
| Aster BILLUSDT | +0.0155% | 4h | 0.01381 | −0.116% | $2K | $4K | 5x | as long as short |
| MEXC BILL_USDT | +0.0284% | 4h | 0.01382 | −0.072% | $1.1M | $341K | 50x | as long as short |
Bybit BILLUSDT
Gate BILL_USDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
HTX BILL-USDT
BloFin BILL-USDT
OKX BILL-USDT-SWAP
Aster BILLUSDT
MEXC BILL_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BILLUSDTshort | +0.0284% | 4h | 0.01383 | −0.005% | $2.5M | $3.9M | 20x | |
| Extended BILL-USD | +0.0288% | 1h | 0.01383 | −0.033% | $2K | $220K | 5x | as long as short |
| BingX BILL-USDT | +0.0292% | 4h | 0.01383 | 0.000% | — | $1.7M | — | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0688% | 1h | 0.01379 | −0.260% | $66K | $72K | 50x | as long as short |
| KuCoin BILLUSDTM | +0.1354% | 4h | 0.01382 | −0.065% | $460K | $314K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2145% | 1h | 0.01381 | −0.123% | $108K | $14K | 10x | as long as short |
Extended BILL-USD
BingX BILL-USDT
Coinbase International BILL-PERP-INTX
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL