Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit−0.118%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$355as in the Price arb table

costs, in and out, $10k−$3423.420% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$16 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.118%, 7d avg +0.013%

Together, before fees+0.154%+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.131% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BXUSDT	126.88	0	get 0.0000% / 8h	7h 45m	$482K	$804K	25x
Short	SunX BX-USDT	126.73	0	get 0.0000% / 8h	7h 45m	$834	$307K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → +0.013%: −$13.11
Slippage, 4 orders: −$322.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$355.06
Costs to cover: 3.420%
Break-even: never at this rate

Slippage from Bybit: live order book, 50 min ago; SunX: live order book, 65 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 Bybit live order book, 50 min ago	3.95 bp	89.8 bp −$90	227.4 bp −$2,274	doesn't fit	doesn't fit
Sell SunX live order book, 65 min ago	50.24 bp	81.8 bp −$82	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	126.75	−0.106%	$5K	$868	20x	as long as short
Bybit BXUSDTlong	0.0000%	8h	126.88	long leg	$482K	$804K	25x
OKX BX-USDT-SWAP	0.0000%	8h	126.70	−0.142%	$164K	$115K	20x	as long as short
QFEX BX-USD	0.0000%	1h	122.77	−3.239%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.74	−0.110%	$422K	$24K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.78	−0.079%	$902K	$27K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.72	−0.123%	$43K	$12K	—	as long as short
SunX BX-USDTshort	0.0000%	8h	126.73	−0.118%	$834	$307K	10x
HTX BX-USDT	0.0000%	8h	126.72	−0.126%	$7K	$4K	20x	as long as short
Binance BXUSDT	+0.0038%	8h	126.79	−0.068%	$772K	$519K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0100%	8h	126.66	−0.173%	$111K	$771K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.347%	$4K	$31K	12x	as long as short
tradeXYZ xyz:BX	+0.0291%	1h	126.49	−0.307%	$666K	$264K	10x	as long as short
GRVT BX_USDT_Perp	+0.0293%	8h	126.66	−0.173%	$813	$103K	10x	as long as short