Funding you earn now, next payment 04:00 UTC−0.2048%/8h= −224.3% APRnext payment −$10.24 per $10,000 · paid last 24h −0.542%
Price spread now: SunX against KuCoin+0.915%7-day average +0.937% · you sell dearer than you buy
Net, funding: paid 7d − costs−$681as in the Funding arb table
Net, price: spread back to 7d avg − costs−$429as in the Price arb table
costs, in and out, $10k−$4274.273% of the position
Funding, last 7 days−2.537%−$254 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.915%, 7d avg +0.937%
=Both sides work against this trade now: funding costs −$61 a day on $10k at the current rate, and SunX is 0.022% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.937%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUSDTM | 1.4245 | 0.2148 | pay 0.1074% / 4h | 44m 35s | $1.4M | $4.0M | 10x |
| Short | SunX M-USDT | 1.4375 | 0.0100 | get 0.0050% / 4h | 44m 35s | $2K | $757K | 20x |
KuCoin MUSDTM
SunX M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against KuCoin. 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
- −$430.08
- Price spread: +0.915% → +0.937%
- −$2.18
- Slippage, 4 orders
- −$407.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$859.57
- Costs to cover
- 4.273%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; SunX: live order book, 47 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 KuCoin live order book, 3 min ago | 6.68 bp | 155.1 bp −$155 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 47 min ago | 30.61 bp | 77.0 bp −$77 | 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 | 1.4360 | +0.810% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4340 | +0.670% | $1.9M | $905K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4359 | +0.803% | $1.9M | $251K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4360 | +0.813% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4359 | +0.803% | $2K | $510 | 10x | as long as short |
| SunX M-USDTshort | +0.0100% | 4h | 1.4375 | +0.915% | $2K | $757K | 20x | |
| Aster MUSDT | +0.0579% | 4h | 1.4357 | +0.790% | $15K | $87K | 5x | as long as short |
| Binance MUSDT | +0.0733% | 4h | 1.4368 | +0.868% | $5.6M | $3.8M | 10x | as long as short |
| BloFin M-USDT | +0.0734% | 4h | 1.4357 | +0.789% | $360K | $440K | 10x | as long as short |
| MEXC M_USDT | +0.0746% | 4h | 1.4366 | +0.852% | $240K | $105K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
Binance MUSDT
BloFin M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX M-USDT | +0.0764% | 4h | 1.4371 | +0.887% | — | $2.4M | — | as long as short |
| KuCoin MUSDTMlong | +0.2148% | 4h | 1.4245 | long leg | $1.4M | $4.0M | 10x |
BingX M-USDT