Funding arb · Price arb /

SUN

all SUN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Injective−5.965%55s7-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 KuCoin

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. KuCoin is 5.965% cheaper against Injective than usual: you would sell low and buy high (spread −5.965% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$596 on $10k: about 10 months of funding at the current rate (+$2 a day). The two prices were read 55 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	10m 28s	—	$16	5.5x
Short	KuCoin SUNUSDTM	0.01750	0.0100	get 0.0050% / 4h	3h 10m	$314K	$55K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −5.965%Rate

Funding earned: $14
Price spread: −5.965% → 0.000%: −$596.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$594.47
Costs to cover: 0.120%
Break-even: 304.2 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 61 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 KuCoin live order book, 61 min ago	54.61 bp	250.2 bp −$250	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
BloFin SUN-USDT	+0.0069%	4h	0.01753	−5.787%	$133K	$41K	50x	as long as short
Binance SUNUSDT	+0.0100%	4h	0.01751	−5.906%	$2.0M	$1.6M	50x	as long as short
Bybit SUNUSDT	+0.0100%	4h	0.01749	−6.002%	$1.4M	$452K	50x	as long as short
Gate SUN_USDT	+0.0100%	8h	0.01751	−5.905%	$127K	$59K	50x	as long as short
MEXC SUN_USDT	+0.0100%	4h	0.01750	−5.948%	$11.8M	$275K	125x	as long as short
KuCoin SUNUSDTMshort	+0.0100%	4h	0.01750	−5.965%	$314K	$55K	20x
Bitget SUNUSDT	+0.0100%	4h	0.01750	−5.975%	$465K	$140K	50x	as long as short
BingX SUN-USDT	+0.0100%	4h	0.01751	−5.916%	—	$2.3M	—	as long as short
Variational Omni SUN	+0.0100%	4h	0.01751	−5.928%	$145K	$47	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SUN-USDT	+0.0100%	4h	0.01753	−5.782%	$27K	$1.2M	20x	as long as short
HTX SUN-USDT	+0.0100%	4h	0.01754	−5.739%	$313K	$77K	50x	as long as short