Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.006918 | +0.0478 | pay 0.0239% / 4h | 1h 47m | $37K | $700K | 20x | Long HTX | |
| SHORT | 0.006888 | +0.0100 | get 0.0050% / 4h | 1h 47m | — | $1.2M | 10x | Short SunX≤10% back |
Price gap−0.434%
Funding gap−0.0378% /8h
Both sides work against this direction now: funding costs $11 a day on $10k and the gap is 0.284% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$7−0.0378% /8h now · paid −0.075% over the last 4 days (all we have)
Price−$28spread −0.434% now, avg −0.150% → −0.284% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$36−0.36%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 4 days it paid −0.075% in total, about −0.0066%/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−0.434%
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
/8hJCT on 10 exchanges
lowest funding firstBefore you open
1 ok · 4 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 + $1,000HTX 20x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$11.35Long HTX: 6 payments, −$14.35; short SunX: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.434% vs −0.150%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner— vs $37K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCHTX Limited · SunX NoNo ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0066%/8h × 21 periods−$13.96
Price spread−0.434% → −0.150% (7d avg)−$28.41
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee HTX bp × 2 orders−$12.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: HTX: live order book, 5 min ago; SunX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHTX16.6877.3 bp−$77doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTSunX901.14doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-22 02:04 | SunX | Listing | new market JCT-USDT ($JCT) seen by our collector |
| 10-21 09:26 | HTX | Listing | new market JCT-USDT ($JCT) seen by our collector |
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