Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.8356 | +0.0100 | pay 0.0050% / 4h | 3h 58m | — | $1.3M | 10x | Long SunX≤10% back | |
| SHORT | 1.8313 | −0.0450 | pay 0.0225% / 4h | 3h 58m | $6.1M | $2.1M | 25x | Short Bybit |
Price gap−0.234%
Funding gap−0.0550% /8h
Both sides work against this direction now: funding costs $17 a day on $10k and the gap is 0.101% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$100−0.0550% /8h now · paid −1.003% over the last 7D
Price−$10spread −0.234% now, avg −0.133% → −0.101% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$110−1.10%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−0.234%
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$1,000 + $400SunX 10x, Bybit 25x. 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: −$16.51Long SunX: 6 payments, −$3.00; short Bybit: 6 payments, −$13.51.
- Watch: Gap narrower than usual−0.234% vs −0.133%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long 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: KYCSunX No · Bybit YesStandard 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 spread−0.234% → −0.133% (7d avg)−$10.11
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 7 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX900.84doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit0.2711.8 bp−$1240.6 bp−$406doesn’t fitdoesn’t fit
Closing costs about the same again.
Phoenix