Funding you earn now, next payment 08:00 UTC−0.0565%/8h= −61.9% APRnext payment −$5.65 per $10,000 · paid last 24h −0.041%
Price spread now: SunX against Binance−0.094%7-day average −0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$296as in the Funding arb table
Net, price: spread back to 7d avg − costs−$292as in the Price arb table
costs, in and out, $10k−$2972.973% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.094%, 7d avg −0.144%
=The price spread pays, funding is against you. SunX is 0.050% dearer against Binance than usual: you sell high and buy low (spread −0.094% now, against its 7-day average of −0.144%): +$5 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 7 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BBXUSDT | 8.5981 | 0.0565 | pay 0.0565% / 8h | 4h 45m | $1.2M | $2.1M | 20x |
| Short | SunX BBX-USDT | 8.5900 | 0 | get 0.0000% / 8h | 4h 45m | $1K | $741K | 10x |
Binance BBXUSDT
SunX BBX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$118.68
- Price spread: −0.094% → −0.144%
- $4.96
- Slippage, 4 orders
- −$279.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$411.05
- Costs to cover
- 2.973%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; SunX: live order book, 47 min ago.
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 Binance live order book, 4 min ago | 1.74 bp | 22.6 bp −$23 | 82.0 bp −$820 | doesn't fit | doesn't fit |
| Sell SunX live order book, 47 min ago | 52.48 bp | 127.7 bp −$128 | doesn't fit | doesn't fit | doesn't fit |
BBX on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BBXUSDT | 0.0000% | 8h | 8.5916 | −0.076% | $4K | $7K | 20x | as long as short |
| GRVT BBX_USDT_Perp | 0.0000% | 8h | 8.6075 | +0.109% | $891 | $146K | 10x | as long as short |
| SunX BBX-USDTshort | 0.0000% | 8h | 8.5900 | −0.094% | $1K | $741K | 10x | |
| HTX BBX-USDT | 0.0000% | 8h | 8.6100 | +0.138% | $7K | $2K | 10x | as long as short |
| KuCoin BBXUSDTM | +0.0100% | 8h | 8.6200 | +0.254% | $139K | $413K | 20x | as long as short |
| Variational Omni BBX | +0.0308% | 8h | 8.5974 | −0.008% | $145K | $14K | — | as long as short |
| Binance BBXUSDTlong | +0.0565% | 8h | 8.5981 | long leg | $1.2M | $2.1M | 20x | |
| Nado BBX-PERP | +0.0837% | 1h | 8.5923 | −0.068% | $60K | $13K | 3x | as long as short |
| Bybit BBXUSDT | +0.1015% | 8h | 8.6070 | +0.103% | $442K | $1.3M | 25x | as long as short |
Aster BBXUSDT
GRVT BBX_USDT_Perp
HTX BBX-USDT
KuCoin BBXUSDTM
Variational Omni BBX
Nado BBX-PERP
Bybit BBXUSDT