Funding you earn now, next payment 08:00 UTC−0.1679%/8h= −183.9% APRnext payment −$16.79 per $10,000 · paid last 24h −0.165%
Price spread now: SunX against Binance+0.047%46s7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as 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−$2292.294% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 2 days (all we have)−0.094%−$9 · spread now +0.047%, 7d avg +0.009%
=The price spread pays, funding is against you. SunX is 0.038% dearer against Binance than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of +0.009%): +$4 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.066% in total) that is about 4.0 days. 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 -0.066% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BXUSDT | 126.66 | 0.1679 | pay 0.1679% / 8h | 7h 37m | $796K | $480K | 20x |
| Short | SunX BX-USDT | 126.72 | 0 | get 0.0000% / 8h | 7h 37m | $924 | $311K | 10x |
Binance BXUSDT
SunX BX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- −$352.68
- Price spread: +0.047% → +0.009%
- $3.81
- Slippage, 4 orders
- −$211.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$578.24
- Costs to cover
- 2.294%
- Break-even
- never at this rate
Slippage from Binance: live order book, 70 min ago; SunX: live order book, 13 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 Binance live order book, 70 min ago | 1.18 bp | 17.3 bp −$17 | 120.4 bp −$1,204 | doesn't fit | doesn't fit |
| Sell SunX live order book, 13 min ago | 46.91 bp | 108.6 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
BX on 14 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 BXUSDT | 0.0000% | 8h | 126.46 | −0.155% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDT | 0.0000% | 8h | 126.64 | −0.016% | $489K | $866K | 25x | as long as short |
| QFEX BX-USD | 0.0000% | 1h | 127.02 | +0.284% | $1.1M | $1.4M | 10x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.79 | +0.103% | $425K | $27K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.70 | +0.032% | $900K | $43K | 20x | as long as short |
| SunX BX-USDTshort | 0.0000% | 8h | 126.72 | +0.047% | $924 | $311K | 10x | |
| HTX BX-USDT | 0.0000% | 8h | 126.81 | +0.118% | $7K | $3K | 20x | as long as short |
| Injective BX/USDC PERP | +0.0220% | 1h | 138.72 | +9.522% | $4K | $32K | 12x | as long as short |
| OKX BX-USDT-SWAP | +0.0266% | 8h | 126.67 | +0.008% | $164K | $111K | 20x | as long as short |
| tradeXYZ xyz:BX | +0.0774% | 1h | 126.58 | −0.063% | $669K | $196K | 10x | as long as short |
Aster BXUSDT
Bybit BXUSDT
QFEX BX-USD
Gate BX_USDT
Bitget BXUSDT
HTX BX-USDT
Injective BX/USDC PERP
OKX BX-USDT-SWAP
tradeXYZ xyz:BXShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BXUSDTM | +0.1157% | 8h | 126.57 | −0.071% | $112K | $1.1M | 20x | as long as short |
| Variational Omni BX | +0.1286% | 8h | 126.72 | +0.044% | $31K | $127 | — | as long as short |
| Binance BXUSDTlong | +0.1679% | 8h | 126.66 | long leg | $796K | $480K | 20x | |
| GRVT BX_USDT_Perp | +0.2709% | 8h | 126.74 | +0.063% | $1K | $121K | 10x | as long as short |
KuCoin BXUSDTM
Variational Omni BX
GRVT BX_USDT_Perp