Funding you earn now, next payment 00:00 UTC+0.1194%/8h= +130.8% APRnext payment +$5.97 per $10,000 · paid last 24h +0.123%
Price spread now: Binance against SunX−0.587%56s7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as 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−$2492.489% of the position
Funding, last 7 days+0.324%+$32 on $10k
+Price spread, last 3 days (all we have)+0.336%+$34 · spread now −0.587%, 7d avg −0.125%
=Funding pays, the price is against you. Binance is 0.462% cheaper against SunX than usual: you would sell low and buy high (spread −0.587% now, against its 7-day average of −0.125%). If the spread goes back, that is −$46 on $10k: about 31 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.324% in total) that is about 10.0 days. The two prices were read 56 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 +$5.97 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 | SunX M-USDT | 1.4833 | 0.0100 | pay 0.0050% / 4h | 35m 22s | $2K | $613K | 20x |
| Short | Binance MUSDT | 1.4746 | 0.1294 | get 0.0647% / 4h | 35m 22s | $5.6M | $4.7M | 10x |
SunX M-USDT
Binance MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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
- $250.76
- Price spread: −0.587% → −0.125%
- −$46.2
- Slippage, 4 orders
- −$230.85
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$44.29
- Costs to cover
- 2.489%
- Break-even
- 8.2 days
Slippage from SunX: live order book, 26 min ago; Binance: live order book, 3 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 SunX live order book, 26 min ago | 30.88 bp | 105.7 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 2.03 bp | 39.6 bp −$40 | 288.8 bp −$2,888 | 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 | 1.4740 | −0.627% | $4.7M | $2.3M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4731 | −0.688% | $2.0M | $930K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4766 | −0.452% | $1.9M | $363K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4800 | −0.224% | $92K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4757 | −0.512% | $2K | $596 | 10x | as long as short |
| SunX M-USDTlong | +0.0100% | 4h | 1.4833 | long leg | $2K | $613K | 20x | |
| Aster MUSDT | +0.0907% | 4h | 1.4760 | −0.492% | $15K | $116K | 5x | as long as short |
| BingX M-USDT | +0.1246% | 4h | 1.4744 | −0.600% | — | $2.4M | — | as long as short |
| Binance MUSDTshort | +0.1294% | 4h | 1.4746 | −0.587% | $5.6M | $4.7M | 10x | |
| BloFin M-USDT | +0.1297% | 4h | 1.4831 | −0.013% | $349K | $433K | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
BingX M-USDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.1306% | 4h | 1.4783 | −0.337% | $251K | $111K | 50x | as long as short |
| KuCoin MUSDTM | +0.1428% | 4h | 1.4638 | −1.317% | $1.4M | $4.3M | 10x | as long as short |
MEXC M_USDT
KuCoin MUSDTM