Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4709 | +0.0100 | pay 0.0100% / 8h | 7h 34m | $1K | $783K | 20x | Long SunX≤10% back | |
| SHORT | 0.4604 | +0.0100 | get 0.0100% / 8h | 7h 34m | $1.3M | $2.0M | 50x | Short Phemex |
Price gap−2.230%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$6 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 6 days (all we have)
Price+$6spread −2.230% now, avg −2.290% → +0.061% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$6+0.06%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Phemex price against SunXnow
RANGE STATS · 7D
Now−2.230%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hLDO on 29 exchanges
lowest funding firstBefore you open
2 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 + $200SunX 20x, Phemex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long SunX: 3 payments, −$3.00; short Phemex: 3 payments, +$3.00.
- OK: Entry gap works for you−2.230% vs −2.290%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$1K vs $1.3M OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCSunX No · Phemex YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods$0.00
Price spread−2.230% → −2.290% (7d avg)+$6.07
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 48 min ago; Phemex: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX253.00doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPhemex2.1733.4 bp−$33doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.