SLX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1398%/8h= +153.1% APRnext payment +$6.99 per $10,000 · paid last 24h +0.626%

Price spread now: Bybit against Binance−0.335%7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$333as in the Price arb table

costs, in and out, $10k−$3143.139% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.686%+$69 on $10k

Price spread, last 4 days (all we have)+0.333%+$33 · spread now −0.335%, 7d avg −0.145%

Together, before fees+1.019%+$102 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.189% cheaper against Binance than usual: you would sell low and buy high (spread −0.335% now, against its 7-day average of −0.145%). If the spread goes back, that is −$19 on $10k: about 11 hours of funding at the current rate (+$42 a day). At the pace of the last 7 days (+0.686% in total) that is about 46 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.686% in total (about 35.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SLXUSDT	0.06637	0.0660	pay 0.0330% / 4h	2h 09m	$2.5M	$3.1M	25x
Short	Bybit SLXUSDT	0.06615	0.2058	get 0.1029% / 4h	2h 09m	$964K	$386K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now −0.335%Rate

Funding earned: $293.65
Price spread: −0.335% → −0.145%: −$18.93
Slippage, 4 orders: −$292.85
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.13
Costs to cover: 3.139%
Break-even: 7.9 days

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 56 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 Binance live order book, 11 min ago	1.50 bp	21.6 bp −$22	118.6 bp −$1,186	doesn't fit	doesn't fit
Sell Bybit live order book, 56 min ago	0.75 bp	186.6 bp −$187	doesn't fit	doesn't fit	doesn't fit

SLX on 10 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
KuCoin SLXUSDTM	+0.0100%	4h	0.06637	−0.003%	$972K	$1.7M	20x	as long as short
SunX SLX-USDT	+0.0100%	4h	0.06659	+0.328%	$1K	$446K	20x	as long as short
Bitget SLXUSDT	+0.0200%	4h	0.06641	+0.057%	$1.0M	$293K	20x	as long as short
OKX SLX-USDT-SWAP	+0.0317%	4h	0.06637	−0.003%	$1.8M	$1.8M	20x	as long as short
Gate SLX_USDT	+0.0328%	4h	0.06634	−0.048%	$305K	$682K	25x	as long as short
Binance SLXUSDTlong	+0.0660%	4h	0.06637	long leg	$2.5M	$3.1M	25x
MEXC SLX_USDT	+0.0670%	4h	0.06630	−0.109%	$1.8M	$234K	20x	as long as short
Aster SLXUSDT	+0.0726%	4h	0.06633	−0.063%	$15K	$27K	10x	as long as short
Bybit SLXUSDTshort	+0.2058%	4h	0.06615	−0.335%	$964K	$386K	20x
BingX SLX-USDT	+0.2106%	4h	0.06627	−0.154%	—	$1.7M	—	as long as short