Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.09629 | +0.0340 | pay 0.0170% / 4h | 11m 42s | $762K | $136K | 50x | Long BloFin | |
| SHORT | 0.09659 | +0.0100 | get 0.0050% / 4h | 11m 42s | $1K | $159K | 10x | Short SunX≤10% back |
Price gap+0.312%55s
Funding gap−0.0240% /8h
The gap pays +$31 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 4.2 days. At the last 7 days' pace that is about 14 days.
The two prices were read 55 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13−0.0240% /8h now · paid −0.132% over the last 6 days (all we have)
Price—spread +0.312%55s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 6 days it paid −0.132% in total, about −0.0071%/8h on average.
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.312%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNIL on 14 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$200 + $1,000BloFin 50x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$7.20Long BloFin: 6 payments, −$10.20; short SunX: 6 payments, +$3.00.
- Watch: Prices read 55 s apart+0.312% vs +0.006%Part of this gap may be the market moving.
- Watch: Short leg is thinner$1K vs $762K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBloFin Limited · SunX NoNo ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0071%/8h × 21 periods−$14.97
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BloFin bp × 2 orders−$12.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: BloFin: live order book, 64 min ago; SunX: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBloFin1.1218.7 bp−$1973.5 bp−$735doesn’t fitdoesn’t fit
SELL · SHORTSunX900.68doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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