Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: SunX against Gate−0.055%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2442.438% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.055%, 7d avg −0.021%

Together, before fees−0.026%−$3 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 0.034% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BX_USDT	126.39	0	get 0.0000% / 8h	4h 25m	$424K	$27K	20x
Short	SunX BX-USDT	126.32	0	get 0.0000% / 8h	4h 25m	$1K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.021%: −$3.45
Slippage, 4 orders: −$220.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$247.23
Costs to cover: 2.438%
Break-even: never at this rate

Slippage from Gate: live order book, 30 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 Gate live order book, 30 min ago	11.88 bp	35.8 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 65 min ago	47.14 bp	65.7 bp −$66	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
tradeXYZ xyz:BX	−0.0423%	1h	126.23	−0.127%	$664K	$213K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.24	−0.120%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.33	−0.047%	$485K	$836K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.119%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.02	+0.498%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDTlong	0.0000%	8h	126.39	long leg	$424K	$27K	20x
Bitget BXUSDT	0.0000%	8h	126.45	+0.047%	$899K	$36K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.31	−0.062%	$873	$111K	10x	as long as short
SunX BX-USDTshort	0.0000%	8h	126.32	−0.055%	$1K	$312K	10x
HTX BX-USDT	0.0000%	8h	126.42	+0.024%	$7K	$3K	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	126.14	−0.198%	$114K	$944K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.771%	$4K	$32K	12x	as long as short
Variational Omni BX	+0.0438%	8h	126.29	−0.078%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.0638%	8h	126.30	−0.070%	$780K	$489K	20x	as long as short