Settings8H · net · $10k
Funding arb · Price arb /

BE

RWAall BE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment $1.20 per $10,000 · paid last 24h −0.045%
Price spread now: SunX against BloFin−0.095%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$318as in the Funding arb table
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$2892.886% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.292%−$29 on $10k
Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.095%, 7d avg −0.004%
Together, before fees−0.212%−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.091% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BE-USDT273.920.0120pay 0.0120% / 8h6h 58m$46K$155K20x
ShortSunX BE-USDT273.660get 0.0000% / 8h6h 58m$1K$2.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against BloFin. 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

Funding earned
−$25.2
Price spread: −0.095% → −0.004%
−$9.1
Slippage, 4 orders
−$268.63
Fee BloFin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$322.93
Costs to cover
2.886%
Break-even
never at this rate
Slippage from BloFin: live order book, 1 min ago; SunX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 1 min ago0.73 bp16.9 bp −$1735.4 bp −$354doesn't fitdoesn't fit
Sell SunX live order book, 8 min ago46.06 bp130.5 bp −$130doesn't fitdoesn't fitdoesn't fit

BE on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International BE-PERP-INTX−0.0008%1h273.33−0.215%$468K$132K10xas long as short
Aster BEUSDT0.0000%8h274.04+0.044%$346K$132K20xas long as short
Extended BE-USD0.0000%1h273.53−0.142%$48K$384K10xas long as short
Binance BEUSDT0.0000%8h273.49−0.157%$8.2M$38.7M25xas long as short
Bybit BEUSDT0.0000%8h273.63−0.106%$2.0M$1.0M25xas long as short
OKX BE-USDT-SWAP0.0000%8h273.50−0.153%$2.6M$6.9M25xas long as short
Gate BE_USDT0.0000%8h273.60−0.117%$1.3M$3.3M50xas long as short
Bitget BEUSDT0.0000%8h273.30−0.226%$1.5M$3.0M20xas long as short
SunX BE-USDTshort0.0000%8h273.66−0.095%$1K$2.1M10x
Deribit BE_USDC-PERPETUAL0.0000%1h273.28−0.234%$6K$4K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BE-USDT0.0000%8h273.08−0.307%$12K$35K20xas long as short
QFEX BE-USD+0.0012%1h273.99+0.026%$1.3M$2.2M10xas long as short
Lighter BE+0.0032%1h273.27−0.237%10xas long as short
Lighter RH BE+0.0032%1h273.43−0.179%$248K$301K10xas long as short
Arcus BE-USD+0.0040%1h273.75−0.062%$113K$98K10xas long as short
Vest BE-USD-PERP+0.0046%1h273.90−0.007%10xas long as short
KuCoin BEUSDTM+0.0100%8h273.32−0.219%$359K$107K20xas long as short
Aevo BE-PERP+0.0104%1h273.64−0.102%10xas long as short
BloFin BE-USDTlong+0.0120%8h273.92long leg$46K$155K20x
GRVT BE_USDT_Perp+0.0407%8h273.51−0.151%$6K$149K10xas long as short
tradeXYZ xyz:BE+0.0486%1h273.23−0.252%$5.9M$2.9M10xas long as short