M

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0640%/8h= −70.1% APRnext payment −$3.20 per $10,000 · paid last 24h −0.172%

Price spread now: SunX against BloFin+0.196%55s7-day average +0.132% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.400%−$40 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.196%, 7d avg +0.132%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.063% dearer against BloFin than usual: you sell high and buy low (spread +0.196% now, against its 7-day average of +0.132%): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.400% in total) that is about 27 hours. The two prices were read 55 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 -0.400% in total (about -20.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.20 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	BloFin M-USDT	1.3806	0.0740	pay 0.0370% / 4h	3h 10m	$350K	$440K	10x
Short	SunX M-USDT	1.3833	0.0100	get 0.0050% / 4h	3h 10m	$2K	$796K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BloFin. 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 BloFinbpFee SunXbpOrdersPrice spread, now +0.196%Rate

Funding earned: −$134.39
Price spread: +0.196% → +0.132%: $6.32
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$148.08
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 20 min ago; SunX: live order book, 2 min ago. Net counts fees only.

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 BloFin live order book, 20 min ago	1.06 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	264.30 bp	doesn't fit	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	1.3832	+0.188%	$4.3M	$1.8M	20x	as long as short
Gate M_USDT	+0.0100%	8h	1.3804	−0.014%	$1.9M	$894K	10x	as long as short
Bitget MUSDT	+0.0100%	4h	1.3838	+0.232%	$1.8M	$249K	10x	as long as short
Variational Omni M	+0.0100%	4h	1.3815	+0.065%	$85K	$43K	—	as long as short
Orderly PERP_M_USDC	+0.0100%	4h	1.3830	+0.174%	$2K	$510	10x	as long as short
SunX M-USDTshort	+0.0100%	4h	1.3833	+0.196%	$2K	$796K	20x
Aster MUSDT	+0.0443%	4h	1.3819	+0.092%	$14K	$83K	5x	as long as short
BingX M-USDT	+0.0650%	4h	1.3845	+0.282%	—	$2.4M	—	as long as short
MEXC M_USDT	+0.0692%	4h	1.3832	+0.188%	$229K	$109K	50x	as long as short
Binance MUSDT	+0.0700%	4h	1.3800	−0.043%	$5.4M	$3.9M	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-USDTlong	+0.0740%	4h	1.3806	long leg	$350K	$440K	10x
KuCoin MUSDTM	+0.1562%	4h	1.3682	−0.898%	$1.4M	$3.9M	10x	as long as short