Funding you earn now, next payment 16:00 UTC−0.0574%/8h= −62.9% APRnext payment −$5.74 per $10,000 · paid last 24h −0.176%
Price spread now: SunX against Bybit−0.439%46s7-day average −0.190% · you buy dearer than you sell
Net, funding: paid 7d − costs−$544as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5055.054% of the position
Funding, last 7 days−0.382%−$38 on $10k
+Price spread, last 4 days (all we have)+0.477%+$48 · spread now −0.439%, 7d avg −0.190%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and SunX is 0.250% cheaper against Bybit than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.190%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.382% in total (about -19.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.74 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BBXUSDT | 8.6480 | 0.0574 | pay 0.0574% / 8h | 6h 20m | $446K | $248K | 25x |
| Short | SunX BBX-USDT | 8.6100 | 0 | get 0.0000% / 8h | 6h 20m | $1K | $562K | 10x |
Bybit BBXUSDT
SunX BBX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bybit. 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
- −$120.59
- Price spread: −0.439% → −0.190%
- −$24.99
- Slippage, 4 orders
- −$486.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$651.01
- Costs to cover
- 5.054%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 26 min ago; SunX: live order book, 23 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 Bybit live order book, 26 min ago | 5.87 bp | 104.5 bp −$105 | 1033.2 bp −$10.3K | doesn't fit | doesn't fit |
| Sell SunX live order book, 23 min ago | 52.72 bp | 169.8 bp −$170 | doesn't fit | doesn't fit | doesn't fit |
BBX on 9 exchanges
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 | 8.6297 | −0.211% | $5K | $7K | 20x | as long as short |
| GRVT BBX_USDT_Perp | 0.0000% | 8h | 8.6179 | −0.348% | $1K | $119K | 10x | as long as short |
| SunX BBX-USDTshort | 0.0000% | 8h | 8.6100 | −0.439% | $1K | $562K | 10x | |
| HTX BBX-USDT | 0.0000% | 8h | 8.6500 | +0.023% | $7K | $2K | 10x | as long as short |
| Variational Omni BBX | +0.0045% | 8h | 8.6452 | −0.032% | $145K | $9K | — | as long as short |
| KuCoin BBXUSDTM | +0.0100% | 8h | 8.6400 | −0.093% | $137K | $332K | 20x | as long as short |
| Binance BBXUSDT | +0.0201% | 8h | 8.6492 | +0.014% | $1.2M | $2.0M | 20x | as long as short |
| Bybit BBXUSDTlong | +0.0574% | 8h | 8.6480 | long leg | $446K | $248K | 25x | |
| Nado BBX-PERP | +0.0776% | 1h | 8.6376 | −0.120% | $60K | $13K | 3x | as long as short |
Aster BBXUSDT
GRVT BBX_USDT_Perp
HTX BBX-USDT
Variational Omni BBX
KuCoin BBXUSDTM
Binance BBXUSDT
Nado BBX-PERP