Funding arb · Price arb /

SUN

all SUN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: HTX against Injective−6.776%65s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 6.776% cheaper against Injective than usual: you would sell low and buy high (spread −6.776% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$678 on $10k: about 11 months of funding at the current rate (+$2 a day). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SUN/USDC PERP	0.01861	0.0033	pay 0.0004% / 1h	15m 33s	—	$16	5.5x
Short	HTX SUN-USDT	0.01735	0.0100	get 0.0050% / 4h	3h 15m	$318K	$32K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now −6.776%Rate

Funding earned: $14
Price spread: −6.776% → 0.000%: −$677.59
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$675.61
Costs to cover: 0.120%
Break-even: 344.8 days

Slippage unknown: Injective: no order-book sample; HTX: live order book, 57 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 57 min ago	2.32 bp	35.6 bp −$36	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SUN on 12 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
Injective SUN/USDC PERPlong	+0.0033%	1h	0.01861	long leg	—	$16	5.5x
Binance SUNUSDT	+0.0100%	4h	0.01735	−6.768%	$2.0M	$1.4M	50x	as long as short
Bybit SUNUSDT	+0.0100%	4h	0.01734	−6.814%	$1.5M	$303K	50x	as long as short
Gate SUN_USDT	+0.0100%	8h	0.01736	−6.701%	$136K	$62K	50x	as long as short
MEXC SUN_USDT	+0.0100%	4h	0.01735	−6.749%	$11.7M	$275K	125x	as long as short
KuCoin SUNUSDTM	+0.0100%	4h	0.01733	−6.851%	$315K	$57K	20x	as long as short
Bitget SUNUSDT	+0.0100%	4h	0.01734	−6.835%	$461K	$134K	50x	as long as short
BingX SUN-USDT	+0.0100%	4h	0.01734	−6.803%	—	$2.3M	—	as long as short
Variational Omni SUN	+0.0100%	4h	0.01734	−6.839%	$144K	$58	—	as long as short
SunX SUN-USDT	+0.0100%	4h	0.01735	−6.749%	$26K	$973K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SUN-USDTshort	+0.0100%	4h	0.01735	−6.776%	$318K	$32K	50x
BloFin SUN-USDT	+0.0143%	4h	0.01735	−6.765%	$130K	$40K	50x	as long as short