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 +0.018%

Price spread now: Gate against SunX−0.008%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$287as in the Funding arb table

Net, price: spread back to 7d avg − costs−$291as in the Price arb table

costs, in and out, $10k−$2882.885% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.008%, 7d avg +0.020%

Together, before fees+0.084%+$8 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: Gate is 0.028% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BX-USDT	126.37	0	get 0.0000% / 8h	6h 28m	$511	$307K	10x
Short	Gate BX_USDT	126.36	0	get 0.0000% / 8h	6h 28m	$423K	$27K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.020%: −$2.81
Slippage, 4 orders: −$265.49
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$291.3
Costs to cover: 2.885%
Break-even: never at this rate

Slippage from SunX: live order book, 12 min ago; Gate: live order book, 37 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, 12 min ago	47.48 bp	86.8 bp −$87	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 37 min ago	4.74 bp	82.3 bp −$82	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	−0.0804%	1h	126.22	−0.119%	$664K	$210K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.25	−0.094%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.32	−0.040%	$485K	$866K	25x	as long as short
QFEX BX-USD	0.0000%	1h	127.05	+0.538%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDTshort	0.0000%	8h	126.36	−0.008%	$423K	$27K	20x
Bitget BXUSDT	0.0000%	8h	126.42	+0.040%	$898K	$37K	20x	as long as short
SunX BX-USDTlong	0.0000%	8h	126.37	long leg	$511	$307K	10x
HTX BX-USDT	0.0000%	8h	126.35	−0.016%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0123%	8h	126.47	+0.079%	$164K	$113K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.82	+9.852%	$4K	$32K	12x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BX_USDT_Perp	+0.0430%	8h	126.33	−0.033%	$390	$119K	10x	as long as short
KuCoin BXUSDTM	+0.0847%	8h	126.28	−0.071%	$115K	$1.0M	20x	as long as short
Variational Omni BX	+0.1115%	8h	126.26	−0.091%	$31K	$127	—	as long as short
Binance BXUSDT	+0.1447%	8h	126.32	−0.040%	$790K	$476K	20x	as long as short