Funding arb · Price arb /

CLO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0398%/8h= −43.6% APRpaid last 24h −0.169%

Price spread now: SunX against Gate+0.079%7-day average −0.335% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.335%−$33 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.079%, 7d avg −0.335%

Together, before fees−0.417%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.414% dearer against Gate than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.335%): +$41 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.335% in total) that is about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CLO_USDT	0.06335	0.0498	pay 0.0498% / 8h	1h 59m	$428K	$693K	20x
Short	SunX CLO-USDT	0.06340	0.0100	get 0.0050% / 4h	1h 59m	$2K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$83.58
Price spread: +0.079% → −0.335%: $41.43
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$65.15
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: Gate: live order book, 46 min ago; SunX: live order book, 4 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 Gate live order book, 46 min ago	14.01 bp	95.3 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

CLO on 9 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
Binance CLOUSDT	+0.0100%	4h	0.06323	−0.186%	$3.9M	$3.9M	10x	as long as short
Bybit CLOUSDT	+0.0100%	4h	0.06329	−0.095%	$697K	$641K	20x	as long as short
MEXC CLO_USDT	+0.0100%	4h	0.06330	−0.079%	$533K	$133K	50x	as long as short
KuCoin CLOUSDTM	+0.0100%	4h	0.06310	−0.395%	$990K	$11.5M	10x	as long as short
BingX CLO-USDT	+0.0100%	4h	0.06324	−0.174%	—	$1.4M	—	as long as short
SunX CLO-USDTshort	+0.0100%	4h	0.06340	+0.079%	$2K	$1.4M	20x
BloFin CLO-USDT	+0.0153%	4h	0.06359	+0.379%	$241K	$77K	10x	as long as short
Gate CLO_USDTlong	+0.0498%	8h	0.06335	long leg	$428K	$693K	20x
Aster CLOUSDT	+0.0776%	4h	0.06335	+0.002%	$30K	$52K	5x	as long as short