M

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0448%/8h= −49.1% APRnext payment −$2.24 per $10,000 · paid last 24h −0.118%

Price spread now: SunX against BingX0.000%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$251as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2302.296% of the position

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)+0.221%+$22 · spread now 0.000%, 7d avg +0.123%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SunX is 0.123% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.123%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.210% in total (about -10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.24 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	BingX M-USDT	1.4807	0.0548	pay 0.0274% / 4h	2h 39m	—	$2.4M	—
Short	SunX M-USDT	1.4807	0.0100	get 0.0050% / 4h	2h 39m	$1K	$536K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$94.08
Price spread: 0.000% → +0.123%: −$12.33
Slippage, 4 orders: −$211.59
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$335.99
Costs to cover: 2.296%
Break-even: never at this rate

Slippage from BingX: live order book, just now; SunX: live order book, 42 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 BingX live order book, just now	9.12 bp	22.6 bp −$23	77.8 bp −$778	doesn't fit	doesn't fit
Sell SunX live order book, 42 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	1.4798	−0.061%	$4.7M	$2.3M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.4790	−0.115%	$2.0M	$887K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.4812	+0.034%	$1.9M	$342K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.4798	−0.064%	$91K	$42K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.4828	+0.142%	$2K	$139	10x	as long as short
SunX M-USDTshort	+0.0100%	4h	1.4807	0.000%	$1K	$536K	20x
Aster MUSDT	+0.0354%	4h	1.4810	+0.023%	$15K	$115K	5x	as long as short
BingX M-USDTlong	+0.0548%	4h	1.4807	long leg	—	$2.4M	—
MEXC M_USDT	+0.0586%	4h	1.4816	+0.061%	$248K	$111K	50x	as long as short
Binance MUSDT	+0.0594%	4h	1.4814	+0.047%	$5.5M	$4.5M	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	+0.0611%	4h	1.4782	−0.169%	$351K	$402K	10x	as long as short
KuCoin MUSDTM	+0.0788%	4h	1.4664	−0.968%	$1.4M	$4.4M	10x	as long as short