Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8253 | +0.0100 | pay 0.0050% / 4h | 1h 09m | $6.1M | $2.0M | 25x | Long Bybit | |
| SHORT | 1.8298 | +0.0100 | get 0.0050% / 4h | 1h 09m | — | $1.3M | 10x | Short SunX≤10% back |
Price gap+0.247%51s
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$11 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1000.0000% /8h now · paid +1.003% over the last 7D
Price—spread +0.247%51s 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
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+0.247%
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
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$400 + $1,000Bybit 25x, 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: $0.00Long Bybit: 6 payments, −$3.00; short SunX: 6 payments, +$3.00.
- Watch: Prices read 51 s apart+0.247% vs +0.133%Part of this gap may be the market moving.
- Watch: Short leg is thinner— vs $6.1M OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · SunX NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0477%/8h × 21 periods+$100.26
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Bybit bp × 2 orders−$11.00
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: Bybit: live order book, 4 min ago; SunX: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit1.6415.6 bp−$1644.4 bp−$444doesn’t fitdoesn’t fit
SELL · SHORTSunX900.05doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix