Funding arb · Price arb /

SUN

all SUN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against SunX+7.485%61s7-day average — · you sell dearer than you buy

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

Long on SunX Short on Injective

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

The price spread pays, funding is against you. Injective is 7.485% dearer against SunX than usual: you sell high and buy low (spread +7.485% now, against zero (this spread has no 7-day history yet)): +$749 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 months. The two prices were read 61 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	SunX SUN-USDT	0.01731	0.0100	pay 0.0050% / 4h	1h 00m	$26K	$929K	20x
Short	Injective SUN/USDC PERP	0.01861	0.0033	get 0.0004% / 1h	0m 21s	—	$16	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee InjectivebpOrdersPrice spread, now +7.485%Rate

Funding earned: −$14
Price spread: +7.485% → 0.000%: $748.53
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $726.51
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 72 min ago; Injective: no order-book sample. 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 SunX live order book, 72 min ago	19.98 bp	25.4 bp −$25	64.3 bp −$643	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 PERPshort	+0.0033%	1h	0.01861	+7.485%	—	$16	5.5x
Binance SUNUSDT	+0.0100%	4h	0.01731	−0.017%	$2.0M	$1.3M	50x	as long as short
Bybit SUNUSDT	+0.0100%	4h	0.01730	−0.110%	$1.5M	$289K	50x	as long as short
Gate SUN_USDT	+0.0100%	8h	0.01731	0.000%	$131K	$58K	50x	as long as short
MEXC SUN_USDT	+0.0100%	4h	0.01731	−0.017%	$11.7M	$277K	125x	as long as short
KuCoin SUNUSDTM	+0.0100%	4h	0.01731	−0.046%	$315K	$56K	20x	as long as short
Bitget SUNUSDT	+0.0100%	4h	0.01730	−0.075%	$461K	$136K	50x	as long as short
BingX SUN-USDT	+0.0100%	4h	0.01730	−0.058%	—	$2.3M	—	as long as short
Variational Omni SUN	+0.0100%	4h	0.01729	−0.123%	$143K	$70	—	as long as short
SunX SUN-USDTlong	+0.0100%	4h	0.01731	long leg	$26K	$929K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX SUN-USDT	+0.0100%	4h	0.01731	−0.046%	$317K	$30K	50x	as long as short
BloFin SUN-USDT	+0.0116%	4h	0.01731	−0.006%	$130K	$39K	50x	as long as short