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 0.000%

Price spread now: Bybit against SunX+0.055%46s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$355as 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−$3403.403% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.055%, 7d avg −0.012%

Together, before fees−0.175%−$17 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: Bybit is 0.067% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 46 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	SunX BX-USDT	126.38	0	get 0.0000% / 8h	2h 22m	$882	$311K	10x
Short	Bybit BXUSDT	126.45	0	get 0.0000% / 8h	2h 22m	$483K	$803K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.012%: $6.7
Slippage, 4 orders: −$321.3
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$333.61
Costs to cover: 3.403%
Break-even: never at this rate

Slippage from SunX: live order book, 48 min ago; Bybit: live order book, 22 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, 48 min ago	48.67 bp	88.1 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 22 min ago	1.58 bp	92.3 bp −$92	222.1 bp −$2,221	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
Aster BXUSDT	0.0000%	8h	126.26	−0.098%	$5K	$2K	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.40	+0.014%	$776K	$495K	20x	as long as short
Bybit BXUSDTshort	0.0000%	8h	126.45	+0.055%	$483K	$803K	25x
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.111%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.95	+0.451%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.49	+0.087%	$423K	$25K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.032%	$900K	$37K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.34	−0.032%	$43K	$12K	—	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.41	+0.024%	$301	$105K	10x	as long as short
SunX BX-USDTlong	0.0000%	8h	126.38	long leg	$882	$311K	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDT	0.0000%	8h	126.43	+0.040%	$7K	$4K	20x	as long as short
tradeXYZ xyz:BX	+0.0042%	1h	126.26	−0.095%	$664K	$222K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.20	−0.142%	$114K	$849K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.780%	$4K	$32K	12x	as long as short