Settings8H · net · $10k
Funding arb · Price arb /

SUN

all SUN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Bitget+0.046%45s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$730.726% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.219%−$22 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.046%, 7d avg +0.008%
Together, before fees−0.258%−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.037% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.008%. Mind the row above: over the last 7 days funding on this pair cost −0.219%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SUNUSDT0.017520.0100pay 0.0050% / 4h1h 08m$466K$140K50x
ShortBloFin SUN-USDT0.017530.0114get 0.0057% / 4h1h 08m$132K$40K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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

Funding earned
$2.89
Price spread: +0.046% → +0.008%
$3.72
Slippage, 4 orders
−$48.6
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$65.99
Costs to cover
0.726%
Break-even
166.7 days
Slippage from Bitget: live order book, 27 min ago; BloFin: live order book, 63 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 27 min ago2.58 bp27.9 bp −$28119.3 bp −$1,193doesn't fitdoesn't fit
Sell BloFin live order book, 63 min ago0.29 bp12.4 bp −$1243.9 bp −$439doesn't fitdoesn't fit

SUN on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SUN/USDC PERP+0.0033%1h0.01861+6.203%$165.5xas long as short
Binance SUNUSDT+0.0100%4h0.01754+0.074%$2.0M$1.6M50xas long as short
Bybit SUNUSDT+0.0100%4h0.01751−0.063%$1.4M$472K50xas long as short
Gate SUN_USDT+0.0100%8h0.01752−0.017%$126K$59K50xas long as short
MEXC SUN_USDT+0.0100%4h0.01753+0.063%$11.9M$276K125xas long as short
KuCoin SUNUSDTM+0.0100%4h0.01751−0.086%$314K$56K20xas long as short
Bitget SUNUSDTlong+0.0100%4h0.01752long leg$466K$140K50x
BingX SUN-USDT+0.0100%4h0.01752−0.011%$2.3Mas long as short
Variational Omni SUN+0.0100%4h0.01750−0.121%$145K$47as long as short
SunX SUN-USDT+0.0100%4h0.01754+0.108%$26K$1.2M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SUN-USDT+0.0100%4h0.01754+0.086%$312K$81K50xas long as short
BloFin SUN-USDTshort+0.0114%4h0.01753+0.046%$132K$40K50x