Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8262 | +0.0036 | pay 0.0018% / 4h | 1h 10m | $6.8M | $8.9M | 75x | Long Binance | |
| SHORT | 1.8298 | +0.0100 | get 0.0050% / 4h | 1h 10m | — | $1.3M | 10x | Short SunX≤10% back |
Price gap+0.199%
Funding gap+0.0064% /8h
Both sides work: funding pays +$2 a day on $10k, and the gap is 0.040% above its 7d average: +$4 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$139+0.0064% /8h now · paid +1.391% over the last 7D
Price+$4spread +0.199% now, avg +0.159% → +0.040% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$143+1.43%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.199%
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
/8hRAY on 20 exchanges
lowest funding firstBefore you open
2 ok · 3 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$133 + $1,000Binance 75x, 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: +$1.93Long Binance: 6 payments, −$1.07; short SunX: 6 payments, +$3.00.
- OK: Entry gap works for you+0.199% vs +0.159%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner— vs $6.8M OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · SunX NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0662%/8h × 21 periods+$139.10
Price spread+0.199% → +0.159% (7d avg)+$3.99
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Binance bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Binance: live order book, 16 min ago; SunX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance0.2712.3 bp−$1235.7 bp−$357291.2 bp−$29.1Kdoesn’t fit
SELL · SHORTSunX900.05doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix