Funding you earn now, next payment 04:00 UTC+0.1234%/8h= +135.1% APRnext payment +$6.17 per $10,000 · paid last 24h +0.080%
Price spread now: KuCoin against SunX+0.080%7-day average −0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,499as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,516as in the Price arb table
costs, in and out, $10k−$1,53815.381% of the position
Funding, last 7 days+0.391%+$39 on $10k
+Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.080%, 7d avg −0.142%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and KuCoin is 0.222% dearer against SunX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.142%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.391% in total (about 20.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.17 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 | 0.01381 | 0.0100 | pay 0.0050% / 4h | 25m 58s | $2K | $1.1M | 20x |
| Short | KuCoin BILLUSDTM | 0.01382 | 0.1334 | get 0.0667% / 4h | 25m 58s | $460K | $314K | 20x |
SunX BILL-USDT
KuCoin BILLUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $259.14
- Price spread: +0.080% → −0.142%
- $22.17
- Slippage, 4 orders
- −$1,518.14
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,256.84
- Costs to cover
- 15.381%
- Break-even
- 41.0 days
Slippage from SunX: live order book, 7 min ago; KuCoin: live order book, 57 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, 7 min ago | 36.21 bp | 116.6 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 57 min ago | 13.00 bp | 567.6 bp −$568 | doesn't fit | 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 | 0.01379 | −0.145% | $1.3M | $997K | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01379 | −0.145% | $277K | $86K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01382 | +0.072% | $647K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01379 | −0.145% | $21K | $951 | 5x | as long as short |
| SunX BILL-USDTlong | +0.0100% | 4h | 0.01381 | long leg | $2K | $1.1M | 20x | |
| HTX BILL-USDT | +0.0100% | 4h | 0.01382 | +0.072% | $11K | $39K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0137% | 4h | 0.01381 | 0.000% | $1.1M | $2.8M | 20x | as long as short |
| BloFin BILL-USDT | +0.0142% | 4h | 0.01381 | 0.000% | $145K | $19K | 20x | as long as short |
| Aster BILLUSDT | +0.0152% | 4h | 0.01379 | −0.115% | $2K | $4K | 5x | as long as short |
| Extended BILL-USD | +0.0280% | 1h | 0.01379 | −0.113% | $2K | $220K | 5x | as long as short |
Bybit BILLUSDT
Gate BILL_USDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
HTX BILL-USDT
OKX BILL-USDT-SWAP
BloFin BILL-USDT
Aster BILLUSDT
Extended BILL-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BILL_USDT | +0.0282% | 4h | 0.01381 | 0.000% | $1.1M | $341K | 50x | as long as short |
| Binance BILLUSDT | +0.0283% | 4h | 0.01382 | +0.049% | $2.5M | $3.9M | 20x | as long as short |
| BingX BILL-USDT | +0.0286% | 4h | 0.01381 | 0.000% | — | $1.7M | — | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0688% | 1h | 0.01378 | −0.188% | $66K | $72K | 50x | as long as short |
| KuCoin BILLUSDTMshort | +0.1334% | 4h | 0.01382 | +0.080% | $460K | $314K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.2001% | 1h | 0.01380 | −0.058% | $108K | $14K | 10x | as long as short |
MEXC BILL_USDT
Binance BILLUSDT
BingX BILL-USDT
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL