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
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%
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin BE-USDT | 273.92 | 0.0120 | pay 0.0120% / 8h | 6h 58m | $46K | $155K | 20x |
| Short | SunX BE-USDT | 273.66 | 0 | get 0.0000% / 8h | 6h 58m | $1K | $2.1M | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 1 min ago | 0.73 bp | 16.9 bp −$17 | 35.4 bp −$354 | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 46.06 bp | 130.5 bp −$130 | doesn't fit | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BE-PERP-INTX | −0.0008% | 1h | 273.33 | −0.215% | $468K | $132K | 10x | as long as short |
| Aster BEUSDT | 0.0000% | 8h | 274.04 | +0.044% | $346K | $132K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 273.53 | −0.142% | $48K | $384K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 273.49 | −0.157% | $8.2M | $38.7M | 25x | as long as short |
| Bybit BEUSDT | 0.0000% | 8h | 273.63 | −0.106% | $2.0M | $1.0M | 25x | as long as short |
| OKX BE-USDT-SWAP | 0.0000% | 8h | 273.50 | −0.153% | $2.6M | $6.9M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 273.60 | −0.117% | $1.3M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 273.30 | −0.226% | $1.5M | $3.0M | 20x | as long as short |
| SunX BE-USDTshort | 0.0000% | 8h | 273.66 | −0.095% | $1K | $2.1M | 10x | |
| Deribit BE_USDC-PERPETUAL | 0.0000% | 1h | 273.28 | −0.234% | $6K | $4K | 10x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BE-USDT | 0.0000% | 8h | 273.08 | −0.307% | $12K | $35K | 20x | as long as short |
| QFEX BE-USD | +0.0012% | 1h | 273.99 | +0.026% | $1.3M | $2.2M | 10x | as long as short |
| Lighter BE | +0.0032% | 1h | 273.27 | −0.237% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 273.43 | −0.179% | $248K | $301K | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 273.75 | −0.062% | $113K | $98K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 273.90 | −0.007% | — | — | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 273.32 | −0.219% | $359K | $107K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 273.64 | −0.102% | — | — | 10x | as long as short |
| BloFin BE-USDTlong | +0.0120% | 8h | 273.92 | long leg | $46K | $155K | 20x | |
| GRVT BE_USDT_Perp | +0.0407% | 8h | 273.51 | −0.151% | $6K | $149K | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0486% | 1h | 273.23 | −0.252% | $5.9M | $2.9M | 10x | as long as short |
BloFin BE-USDT
SunX BE-USDT
Coinbase International BE-PERP-INTX
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
Bybit BEUSDT
OKX BE-USDT-SWAP
Gate BE_USDT
Bitget BEUSDT
Deribit BE_USDC-PERPETUAL
HTX BE-USDT
Lighter BE
Lighter RH BE
KuCoin BEUSDTM
GRVT BE_USDT_Perp
tradeXYZ xyz:BE