Funding you earn now, next payment 00:00 UTC−0.0501%/8h= −54.8% APRnext payment −$2.50 per $10,000 · paid last 24h −0.123%
Price spread now: SunX against Binance−0.088%46s7-day average +0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2482.476% of the position
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 3 days (all we have)+0.445%+$44 · spread now −0.088%, 7d avg +0.124%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SunX is 0.212% cheaper against Binance than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.124%). Swap the legs. 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 7 days it paid -0.324% in total (about -16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.50 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 | Binance MUSDT | 1.4809 | 0.0601 | pay 0.0300% / 4h | 2h 37m | $5.5M | $4.5M | 10x |
| Short | SunX M-USDT | 1.4796 | 0.0100 | get 0.0050% / 4h | 2h 37m | $2K | $537K | 20x |
Binance MUSDT
SunX M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$105.18
- Price spread: −0.088% → +0.124%
- −$21.21
- Slippage, 4 orders
- −$229.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$374.04
- Costs to cover
- 2.476%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; SunX: live order book, 43 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 Binance live order book, 16 min ago | 0.34 bp | 37.2 bp −$37 | 406.0 bp −$4,060 | doesn't fit | doesn't fit |
| Sell SunX live order book, 43 min ago | 31.24 bp | 69.7 bp −$70 | 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 | 1.4790 | −0.128% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4785 | −0.162% | $2.0M | $888K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4803 | −0.041% | $1.9M | $342K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4798 | −0.077% | $91K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4818 | +0.061% | $2K | $139 | 10x | as long as short |
| SunX M-USDTshort | +0.0100% | 4h | 1.4796 | −0.088% | $2K | $537K | 20x | |
| Aster MUSDT | +0.0354% | 4h | 1.4815 | +0.040% | $15K | $115K | 5x | as long as short |
| BingX M-USDT | +0.0561% | 4h | 1.4807 | −0.014% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.0600% | 4h | 1.4809 | 0.000% | $248K | $111K | 50x | as long as short |
| Binance MUSDTlong | +0.0601% | 4h | 1.4809 | long leg | $5.5M | $4.5M | 10x |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0611% | 4h | 1.4782 | −0.182% | $351K | $402K | 10x | as long as short |
| KuCoin MUSDTM | +0.0766% | 4h | 1.4663 | −0.984% | $1.4M | $4.4M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM