Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2109 | +0.0100 | pay 0.0050% / 4h | 3h 17m | $1K | $1.3M | 20x | Long SunX≤10% back | |
| SHORT | 0.2107 | −0.4464 | pay 0.0558% / 1h | 17m 34s | $178K | $338K | 10x | Short RISExInvite |
Price gap−0.100%
Funding gap−0.4564% /8h
Funding costs $137 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15−0.4564% /8h now · paid −0.153% over the last 7D
Price$0spread −0.100% now, avg −0.100% → +0.001% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$15−0.15%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.153% in total, about −0.0073%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.100%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hENA on 45 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$500 + $1,000SunX 20x, RISEx 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$136.93Long SunX: 6 payments, −$3.00; short RISEx: 24 payments, −$133.93.
- Note: Gap at its usual level−0.100% vs −0.100%The price leg adds little either way.
- Watch: Long leg is thinner$1K vs $178K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legSunX No · RISEx NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0073%/8h × 21 periods−$15.30
Price spread−0.100% → −0.100% (7d avg)+$0.07
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee RISEx bp × 2 orders−$6.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 5 min ago; RISEx: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX483.15doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTRISEx1.925.2 bp−$530.0 bp−$300doesn’t fitdoesn’t fit
Closing costs about the same again.
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