Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h 0.000%

Price spread now: SunX against Injective−8.707%61s7-day average — · you buy dearer than you sell

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

Long on Injective 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and SunX is 8.707% cheaper against Injective than usual: you would sell low and buy high (−$871 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective BX/USDC PERP	138.74	0.0220	pay 0.0028% / 1h	48m 27s	$4K	$31K	12x
Short	SunX BX-USDT	126.66	0	get 0.0000% / 8h	7h 48m	$889	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Injective. 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 InjectivebpFee SunXbpOrdersPrice spread, now −8.707%Rate

Funding earned: −$46.2
Price spread: −8.707% → 0.000%: −$870.69
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$924.91
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; SunX: live order book, 62 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 Injective no order-book sample	—	—	—	—	—
Sell SunX live order book, 62 min ago	50.24 bp	81.8 bp −$82	doesn't fit	doesn't fit	doesn't fit

Injective: 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.

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	126.61	−8.744%	$5K	$868	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.64	−8.721%	$482K	$804K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.64	−8.721%	$164K	$115K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.36	−8.923%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.74	−8.649%	$422K	$24K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.73	−8.656%	$901K	$27K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.63	−8.726%	$43K	$12K	—	as long as short
SunX BX-USDTshort	0.0000%	8h	126.66	−8.707%	$889	$305K	10x
HTX BX-USDT	0.0000%	8h	126.70	−8.678%	$7K	$4K	20x	as long as short
Binance BXUSDT	+0.0041%	8h	126.70	−8.680%	$772K	$505K	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	126.45	−8.858%	$111K	$770K	20x	as long as short
tradeXYZ xyz:BX	+0.0196%	1h	126.46	−8.851%	$666K	$256K	10x	as long as short
Injective BX/USDC PERPlong	+0.0220%	1h	138.74	long leg	$4K	$31K	12x
GRVT BX_USDT_Perp	+0.0342%	8h	126.67	−8.700%	$827	$102K	10x	as long as short