Funding you earn now, next payment 08:00 UTC+0.0529%/8h= +58.0% APRnext payment +$2.65 per $10,000 · paid last 24h +0.025%
Price spread now: OKX against SunX−0.219%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$318as in the Price arb table
costs, in and out, $10k−$3073.071% of the position
Funding, last 7 days+0.343%+$34 on $10k
+Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.219%, 7d avg −0.108%
=Funding pays, the price is against you. OKX is 0.111% cheaper against SunX than usual: you would sell low and buy high (spread −0.219% now, against its 7-day average of −0.108%). If the spread goes back, that is −$11 on $10k: about 17 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.343% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.343% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.65 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 | 0.01372 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $2K | $1.2M | 20x |
| Short | OKX BILL-USDT-SWAP | 0.01369 | 0.0629 | get 0.0315% / 4h | 1h 59m | $1.1M | $2.9M | 20x |
SunX BILL-USDT
OKX BILL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $111.16
- Price spread: −0.219% → −0.108%
- −$11.07
- Slippage, 4 orders
- −$289.09
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$206.99
- Costs to cover
- 3.071%
- Break-even
- 20.0 days
Slippage from SunX: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago | 36.39 bp | 103.4 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.65 bp | 24.0 bp −$24 | 93.6 bp −$936 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin BILL-USDT | +0.0076% | 4h | 0.01366 | −0.437% | $146K | $17K | 20x | as long as short |
| Aster BILLUSDT | +0.0100% | 4h | 0.01367 | −0.341% | $2K | $5K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01367 | −0.364% | $1.3M | $1.0M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01368 | −0.292% | $276K | $90K | 20x | as long as short |
| SunX BILL-USDTlong | +0.0100% | 4h | 0.01372 | long leg | $2K | $1.2M | 20x | |
| HTX BILL-USDT | +0.0100% | 4h | 0.01368 | −0.292% | $11K | $39K | 20x | as long as short |
| MEXC BILL_USDT | +0.0228% | 4h | 0.01370 | −0.146% | $1.0M | $333K | 50x | as long as short |
| Extended BILL-USD | +0.0240% | 1h | 0.01369 | −0.246% | $1K | $257K | 5x | as long as short |
| Binance BILLUSDT | +0.0243% | 4h | 0.01371 | −0.108% | $2.5M | $4.1M | 20x | as long as short |
| Bitget BILLUSDT | +0.0320% | 4h | 0.01370 | −0.146% | $643K | $1.3M | 20x | as long as short |
BloFin BILL-USDT
Aster BILLUSDT
Bybit BILLUSDT
Gate BILL_USDT
HTX BILL-USDT
MEXC BILL_USDT
Extended BILL-USD
Binance BILLUSDT
Bitget BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack BILL_USDC_PERP | +0.0339% | 1h | 0.01368 | −0.292% | $21K | $973 | 5x | as long as short |
| BingX BILL-USDT | +0.0608% | 4h | 0.01369 | −0.219% | — | $1.7M | — | as long as short |
| OKX BILL-USDT-SWAPshort | +0.0629% | 4h | 0.01369 | −0.219% | $1.1M | $2.9M | 20x | |
| KuCoin BILLUSDTM | +0.0728% | 4h | 0.01370 | −0.138% | $449K | $339K | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0808% | 1h | 0.01362 | −0.765% | $38K | $98K | 50x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2164% | 1h | 0.01370 | −0.117% | $107K | $12K | 10x | as long as short |
Backpack BILL_USDC_PERP
BingX BILL-USDT
KuCoin BILLUSDTM
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL