M

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1317%/8h= −144.2% APRnext payment −$6.58 per $10,000 · paid last 24h −0.131%

Price spread now: SunX against Aster+0.463%46s7-day average +0.141% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3923.922% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.271%−$27 on $10k

Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.463%, 7d avg +0.141%

Together, before fees−0.464%+ Points / potential airdropAster: Stage 5 · farm board−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.322% dearer against Aster than usual: you sell high and buy low (spread +0.463% now, against its 7-day average of +0.141%): +$32 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 5 days (−0.271% in total) that is about 6.4 days. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.271% in total (about -18.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.58 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	Aster MUSDT	1.4520	0.1417	pay 0.0708% / 4h	2h 55m	$14K	$115K	5x
Short	SunX M-USDT	1.4587	0.0100	get 0.0050% / 4h	2h 55m	$2K	$667K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aster. 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 AsterbpFee SunXbpOrdersPrice spread, now +0.463%Rate

Funding earned: −$276.51
Price spread: +0.463% → +0.141%: $32.18
Slippage, 4 orders: −$376.22
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$636.56
Costs to cover: 3.922%
Break-even: never at this rate

Slippage from Aster: live order book, 10 min ago; SunX: live order book, 56 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 Aster live order book, 10 min ago	14.90 bp	85.8 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 56 min ago	30.51 bp	81.6 bp −$82	doesn't fit	doesn't fit	doesn't fit

M on 12 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
Bybit MUSDT	+0.0100%	4h	1.4552	+0.222%	$4.6M	$1.9M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4532	+0.084%	$2.0M	$856K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4565	+0.312%	$90K	$43K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4570	+0.346%	$2K	$496	10x	as long as short
SunX M-USDTshort	+0.0100%	4h	1.4587	+0.463%	$2K	$667K	20x
Bitget MUSDT	+0.0224%	4h	1.4566	+0.318%	$1.9M	$243K	10x	as long as short
Aster MUSDTlong	+0.1417%	4h	1.4520	long leg	$14K	$115K	5x
BingX M-USDT	+0.1766%	4h	1.4552	+0.222%	—	$2.4M	—	as long as short
MEXC M_USDT	+0.1796%	4h	1.4547	+0.187%	$244K	$105K	50x	as long as short
Binance MUSDT	+0.1798%	4h	1.4550	+0.205%	$5.6M	$3.8M	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin M-USDT	+0.1799%	4h	1.4524	+0.029%	$353K	$431K	10x	as long as short
KuCoin MUSDTM	+0.3744%	4h	1.4407	−0.776%	$1.4M	$4.1M	10x	as long as short