Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.120%

Price spread now: SunX against Deribit+0.033%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.033% dearer against Deribit than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BE_USDC-PERPETUAL	274.25	0.0297	pay 0.0037% / 1h	49m 40s	$7K	$4K	10x
Short	SunX BE-USDT	274.34	0	get 0.0000% / 8h	3h 49m	$1K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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 DeribitbpFee SunXbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$62.42
Price spread: +0.033% → 0.000%: $3.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$74.14
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; SunX: live order book, 7 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	45.10 bp	129.0 bp −$129	doesn't fit	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	274.32	+0.024%	$345K	$119K	20x	as long as short
Gate BE_USDT	0.0000%	8h	274.10	−0.055%	$1.5M	$3.3M	50x	as long as short
Bitget BEUSDT	0.0000%	8h	274.16	−0.033%	$1.7M	$2.6M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	274.87	+0.226%	$7K	$163K	10x	as long as short
SunX BE-USDTshort	0.0000%	8h	274.34	+0.033%	$1K	$2.4M	10x
HTX BE-USDT	0.0000%	8h	274.30	+0.018%	$13K	$35K	20x	as long as short
Lighter BE	+0.0032%	1h	274.10	−0.055%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.19	−0.022%	$250K	$290K	10x	as long as short
QFEX BE-USD	+0.0036%	1h	274.19	−0.022%	$1.3M	$2.7M	10x	as long as short
Binance BEUSDT	+0.0037%	8h	274.29	+0.015%	$8.5M	$36.5M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BE-USD	+0.0040%	1h	274.15	−0.035%	$46K	$260K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.40	+0.055%	$115K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.40	+0.055%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.21	−0.015%	$5.9M	$2.6M	10x	as long as short
Bybit BEUSDT	+0.0055%	8h	274.26	+0.004%	$2.0M	$1.2M	25x	as long as short
Coinbase International BE-PERP-INTX	+0.0064%	1h	273.08	−0.427%	$473K	$128K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.19	−0.022%	$371K	$20K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.25	0.000%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0138%	8h	274.27	+0.007%	$2.7M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0159%	8h	274.72	+0.171%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUALlong	+0.0297%	1h	274.25	long leg	$7K	$4K	10x