Funding you earn now, next payment 08:00 UTC+0.0376%/8h= +41.2% APRnext payment +$1.88 per $10,000 · paid last 24h +0.170%
Price spread now: BingX against SunX−0.085%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2152.150% of the position
Funding, last 7 days+0.297%+$30 on $10k
+Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.085%, 7d avg −0.124%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BingX is 0.039% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.124%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX M-USDT | 1.4151 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $1K | $774K | 20x |
| Short | BingX M-USDT | 1.4139 | 0.0476 | get 0.0238% / 4h | 3h 33m | — | $2.4M | — |
SunX M-USDT
BingX M-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $78.96
- Price spread: −0.085% → −0.124%
- $3.91
- Slippage, 4 orders
- −$196.99
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$132.11
- Costs to cover
- 2.150%
- Break-even
- 18.7 days
Slippage from SunX: live order book, 49 min ago; BingX: live order book, 1 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, 49 min ago | 30.43 bp | 112.0 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 7.41 bp | 19.1 bp −$19 | 70.5 bp −$705 | 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 | 1.4147 | −0.028% | $4.4M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4136 | −0.106% | $1.9M | $873K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4153 | +0.014% | $1.8M | $253K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4193 | +0.297% | $88K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4148 | −0.021% | $2K | $510 | 10x | as long as short |
| SunX M-USDTlong | +0.0100% | 4h | 1.4151 | long leg | $1K | $774K | 20x | |
| Aster MUSDT | +0.0326% | 4h | 1.4119 | −0.225% | $15K | $87K | 5x | as long as short |
| BingX M-USDTshort | +0.0476% | 4h | 1.4139 | −0.085% | — | $2.4M | — | |
| MEXC M_USDT | +0.0510% | 4h | 1.4150 | −0.007% | $234K | $106K | 50x | as long as short |
| Binance MUSDT | +0.0516% | 4h | 1.4144 | −0.048% | $5.5M | $3.8M | 10x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
MEXC M_USDT
Binance MUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0546% | 4h | 1.4155 | +0.028% | $355K | $448K | 10x | as long as short |
| KuCoin MUSDTM | +0.1302% | 4h | 1.4031 | −0.849% | $1.4M | $3.9M | 10x | as long as short |
BloFin M-USDT
KuCoin MUSDTM