Funding arb · Price arb /

BX

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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 −0.297%

Price spread now: SunX against GRVT−0.048%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$3023.025% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.048%, 7d avg −0.018%

Together, before fees−0.102%+ Points / potential airdropGRVT: Active · farm board−$10 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 0.030% cheaper against GRVT than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BX_USDT_Perp	126.32	0	get 0.0000% / 8h	3h 50m	$803	$109K	10x
Short	SunX BX-USDT	126.26	0	get 0.0000% / 8h	3h 50m	$933	$316K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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 GRVTbpFee SunXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.018%: −$3.01
Slippage, 4 orders: −$285.47
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$305.48
Costs to cover: 3.025%
Break-even: never at this rate

Slippage from GRVT: live order book, 61 min ago; SunX: live order book, 30 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 GRVT live order book, 61 min ago	3.17 bp	103.5 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 30 min ago	45.92 bp	101.4 bp −$101	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	−0.0229%	1h	126.26	−0.048%	$664K	$215K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.19	−0.101%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.30	−0.017%	$484K	$837K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.064%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.04	+0.569%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.38	+0.047%	$422K	$28K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.41	+0.070%	$899K	$37K	20x	as long as short
GRVT BX_USDT_Perplong	0.0000%	8h	126.32	long leg	$803	$109K	10x
SunX BX-USDTshort	0.0000%	8h	126.26	−0.048%	$933	$316K	10x
HTX BX-USDT	0.0000%	8h	126.49	+0.134%	$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	−0.143%	$114K	$914K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.831%	$4K	$32K	12x	as long as short
Variational Omni BX	+0.0250%	8h	126.24	−0.062%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.0412%	8h	126.26	−0.047%	$778K	$489K	20x	as long as short