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 0.000%

Price spread now: Bitget against SunX+0.047%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2742.737% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.047%, 7d avg +0.107%

Together, before fees+0.091%+$9 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: Bitget is 0.059% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BX-USDT	126.36	0	get 0.0000% / 8h	3h 12m	$883	$314K	10x
Short	Bitget BXUSDT	126.42	0	get 0.0000% / 8h	3h 12m	$900K	$37K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.107%: −$5.91
Slippage, 4 orders: −$253.68
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$279.59
Costs to cover: 2.737%
Break-even: never at this rate

Slippage from SunX: live order book, 68 min ago; Bitget: live order book, 38 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, 68 min ago	45.92 bp	63.8 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 38 min ago	15.82 bp	45.9 bp −$46	85.7 bp −$857	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	−0.0356%	1h	126.28	−0.063%	$664K	$223K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.31	−0.039%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.42	+0.047%	$483K	$802K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.49	+0.103%	$164K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.92	+0.443%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.49	+0.103%	$423K	$28K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.42	+0.047%	$900K	$37K	20x
GRVT BX_USDT_Perp	0.0000%	8h	126.44	+0.063%	$813	$108K	10x	as long as short
SunX BX-USDTlong	0.0000%	8h	126.36	long leg	$883	$314K	10x
HTX BX-USDT	0.0000%	8h	126.42	+0.047%	$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
Variational Omni BX	+0.0063%	8h	126.47	+0.089%	$43K	$12K	—	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.22	−0.111%	$115K	$885K	20x	as long as short
Binance BXUSDT	+0.0169%	8h	126.32	−0.032%	$775K	$495K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.797%	$4K	$32K	12x	as long as short