Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 97.730 | 0 | 0.0000% / 8h | 6h 32m | $1K | $202K | 10x | Long SunX≤10% back | |
| SHORT | 97.660 | +0.0337 | get 0.0337% / 8h | 6h 32m | $921K | $1.8M | — | Short BingX |
Price gap−0.072%
Funding gap+0.0337% /8h
Funding pays +$10 a day on $10k, but the gap is 0.056% under its 7d average: −$6 if it goes back, about 13 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$48+0.0337% /8h now · paid +0.481% over the last 7D
Price−$6spread −0.072% now, avg −0.015% → −0.056% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$42+0.42%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitSunX: thin, under $1M open interest · BingX: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.072%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAAOI on 21 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$1,000 + —SunX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$10.11Long SunX: 3 payments, $0.00; short BingX: 3 payments, +$10.11.
- Watch: Gap narrower than usual−0.072% vs −0.015%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$1K vs $921K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCSunX No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0229%/8h × 21 periods+$48.09
Price spread−0.072% → −0.015% (7d avg)−$5.64
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 58 min ago; BingX: live order book, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX500.20doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX0.517.0 bp−$711.7 bp−$11750.0 bp−$4,996175.2 bp−$87.6K
Closing costs about the same again.
| 09-18 12:57 | Paragon | Listing | Ciena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗ |
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