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

SUN

all SUN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h −0.043%
Price spread now: BloFin against Bybit+0.133%102s7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$820.817% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.057%−$6 on $10k
Price spread, last 3 days (all we have)−0.298%−$30 · spread now +0.133%, 7d avg +0.031%
Together, before fees−0.356%−$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.103% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.031%. Mind the row above: over the last 7 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SUNUSDT0.017260.0100pay 0.0050% / 4h2h 51m$1.5M$287K50x
ShortBloFin SUN-USDT0.017290.0140get 0.0070% / 4h2h 51m$132K$35K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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
$8.49
Price spread: +0.133% → +0.031%
$10.27
Slippage, 4 orders
−$58.72
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$62.96
Costs to cover
0.817%
Break-even
58.9 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 29 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 Bybit live order book, 5 min ago2.89 bp33.1 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 29 min ago0.58 bp11.5 bp −$1137.2 bp −$372doesn'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+7.803%$165.5xas long as short
Binance SUNUSDT+0.0100%4h0.01728+0.089%$2.0M$1.3M50xas long as short
Bybit SUNUSDTlong+0.0100%4h0.01726long leg$1.5M$287K50x
Gate SUN_USDT+0.0100%8h0.01729+0.180%$129K$57K50xas long as short
MEXC SUN_USDT+0.0100%4h0.01728+0.087%$11.7M$269K125xas long as short
KuCoin SUNUSDTM+0.0100%4h0.01727+0.035%$314K$56K20xas long as short
Bitget SUNUSDT+0.0100%4h0.01728+0.087%$462K$133K50xas long as short
BingX SUN-USDT+0.0100%4h0.01728+0.075%$2.3Mas long as short
Variational Omni SUN+0.0100%4h0.01727+0.069%$143K$70as long as short
SunX SUN-USDT+0.0100%4h0.01728+0.127%$25K$899K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SUN-USDT+0.0100%4h0.01727+0.029%$316K$28K50xas long as short
BloFin SUN-USDTshort+0.0140%4h0.01729+0.133%$132K$35K50x