Funding you earn now, next payment 04:00 UTC+0.2088%/8h= +228.6% APRnext payment +$10.44 per $10,000 · paid last 24h +0.542%
Price spread now: KuCoin against SunX−0.985%7-day average −0.937% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$448as in the Price arb table
costs, in and out, $10k−$4444.437% of the position
Funding, last 7 days+2.537%+$254 on $10k
+Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.985%, 7d avg −0.937%
=Funding pays, the price is against you. KuCoin is 0.048% cheaper against SunX than usual: you would sell low and buy high (spread −0.985% now, against its 7-day average of −0.937%). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$63 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX M-USDT | 1.4394 | 0.0100 | pay 0.0050% / 4h | 47m 48s | $2K | $756K | 20x |
| Short | KuCoin MUSDTM | 1.4252 | 0.2188 | get 0.1094% / 4h | 47m 48s | $1.4M | $4.0M | 10x |
SunX M-USDT
KuCoin MUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $438.48
- Price spread: −0.985% → −0.937%
- −$4.79
- Slippage, 4 orders
- −$423.69
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$10
- Costs to cover
- 4.437%
- Break-even
- 7.2 days
Slippage from SunX: live order book, 44 min ago; KuCoin: live order book, 5 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, 44 min ago | 30.61 bp | 108.2 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 5.79 bp | 108.4 bp −$108 | 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 | 1.4371 | −0.160% | $4.5M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4364 | −0.208% | $1.9M | $903K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4369 | −0.174% | $1.9M | $251K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4390 | −0.028% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4383 | −0.076% | $2K | $510 | 10x | as long as short |
| SunX M-USDTlong | +0.0100% | 4h | 1.4394 | long leg | $2K | $756K | 20x | |
| Aster MUSDT | +0.0617% | 4h | 1.4371 | −0.159% | $15K | $87K | 5x | as long as short |
| Binance MUSDT | +0.0785% | 4h | 1.4356 | −0.264% | $5.6M | $3.8M | 10x | as long as short |
| BingX M-USDT | +0.0794% | 4h | 1.4346 | −0.333% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.0804% | 4h | 1.4368 | −0.181% | $241K | $105K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
Aster MUSDT
Binance MUSDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.0811% | 4h | 1.4377 | −0.118% | $362K | $441K | 10x | as long as short |
| KuCoin MUSDTMshort | +0.2188% | 4h | 1.4252 | −0.985% | $1.4M | $4.0M | 10x |
BloFin M-USDT