BX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0461%/8h= +50.5% APRnext payment +$4.61 per $10,000 · paid last 24h +0.165%

Price spread now: Binance against SunX−0.002%56s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$227as 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−$2332.332% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 2 days (all we have)+0.070%+$7 · spread now −0.002%, 7d avg −0.009%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. The two prices were read 56 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 +$4.61 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	SunX BX-USDT	126.33	0	get 0.0000% / 8h	3h 58m	$1K	$317K	10x
Short	Binance BXUSDT	126.33	0.0461	get 0.0461% / 8h	3h 58m	$779K	$491K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: $96.82
Price spread: −0.002% → −0.009%: $0.79
Slippage, 4 orders: −$215.2
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$135.59
Costs to cover: 2.332%
Break-even: 16.8 days

Slippage from SunX: live order book, 22 min ago; Binance: live order book, 64 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 SunX live order book, 22 min ago	45.92 bp	63.8 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 64 min ago	1.98 bp	33.7 bp −$34	261.1 bp −$2,611	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	−0.0249%	1h	126.29	−0.032%	$664K	$214K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.25	−0.061%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.34	+0.008%	$484K	$836K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.071%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.03	+0.554%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.48	+0.119%	$423K	$28K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.071%	$900K	$37K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.37	+0.032%	$815	$110K	10x	as long as short
SunX BX-USDTlong	0.0000%	8h	126.33	long leg	$1K	$317K	10x
HTX BX-USDT	0.0000%	8h	126.52	+0.150%	$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	126.19	−0.111%	$114K	$918K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	137.37	+8.739%	$4K	$32K	12x	as long as short
Variational Omni BX	+0.0303%	8h	126.32	−0.006%	$43K	$12K	—	as long as short
Binance BXUSDTshort	+0.0461%	8h	126.33	−0.002%	$779K	$491K	20x