Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.038%

Price spread now: SunX against Coinbase International+0.200%7-day average +0.288% · you sell dearer than you buy

Net, funding: paid 7d − costs−$299as in the Funding arb table

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$2762.762% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 3 days (all we have)−0.025%−$3 · spread now +0.200%, 7d avg +0.288%

Together, before fees−0.252%−$25 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 0.088% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.288%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	274.76	0.0128	pay 0.0016% / 1h	5m 49s	$475K	$132K	10x
Short	SunX BE-USDT	275.31	0	get 0.0000% / 8h	7h 05m	$1K	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee SunXbpOrdersPrice spread, now +0.200%Rate

Funding earned: −$26.88
Price spread: +0.200% → +0.288%: −$8.76
Slippage, 4 orders: −$258.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$311.8
Costs to cover: 2.762%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; SunX: live order book, 1 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 Coinbase International live order book, 2 min ago	2.90 bp	9.6 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	46.10 bp	130.3 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
Aster BEUSDT	0.0000%	8h	275.10	+0.125%	$346K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	275.10	+0.124%	$1.5M	$3.4M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	275.33	+0.207%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDTshort	0.0000%	8h	275.31	+0.200%	$1K	$2.5M	10x
HTX BE-USDT	0.0000%	8h	275.35	+0.215%	$13K	$33K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0004%	1h	275.36	+0.218%	$7K	$4K	10x	as long as short
Lighter BE	+0.0032%	1h	275.25	+0.178%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.35	+0.215%	$251K	$300K	10x	as long as short
QFEX BE-USD	+0.0037%	1h	275.30	+0.197%	$1.3M	$3.5M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.09	+0.120%	$115K	$112K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BE-USD-PERP	+0.0046%	1h	275.38	+0.226%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	275.28	+0.189%	$6.0M	$2.8M	10x	as long as short
Bybit BEUSDT	+0.0072%	8h	275.25	+0.178%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.39	+0.229%	$372K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.31	+0.199%	—	—	10x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0128%	1h	274.76	long leg	$475K	$132K	10x
Extended BE-USD	+0.0200%	1h	275.29	+0.191%	$47K	$260K	10x	as long as short
Binance BEUSDT	+0.0200%	8h	275.38	+0.225%	$8.6M	$36.3M	25x	as long as short
OKX BE-USDT-SWAP	+0.0257%	8h	275.45	+0.251%	$2.6M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0319%	8h	275.32	+0.204%	$45K	$141K	20x	as long as short
GRVT BE_USDT_Perp	+0.0593%	8h	275.29	+0.193%	$7K	$173K	10x	as long as short