Funding you earn now, next payment 08:00 UTC+0.1159%/8h= +126.9% APRnext payment +$11.59 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against SunX−0.276%54s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$636as 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−$6386.380% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 3 days (all we have)+0.224%+$22 · spread now −0.276%, 7d avg −0.045%
=Funding pays, the price is against you. KuCoin is 0.231% cheaper against SunX than usual: you would sell low and buy high (spread −0.276% now, against its 7-day average of −0.045%). If the spread goes back, that is −$23 on $10k: about 16 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.021% in total) that is about 3 months. The two prices were read 54 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 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.59 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 | 126.87 | 0 | get 0.0000% / 8h | 7h 54m | $1K | $313K | 10x |
| Short | KuCoin BXUSDTM | 126.52 | 0.1159 | get 0.1159% / 8h | 7h 54m | $112K | $1.1M | 20x |
SunX BX-USDT
KuCoin BXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $243.39
- Price spread: −0.276% → −0.045%
- −$23.08
- Slippage, 4 orders
- −$617.96
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$417.65
- Costs to cover
- 6.380%
- Break-even
- 19.0 days
Slippage from SunX: live order book, 66 min ago; KuCoin: live order book, 10 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, 66 min ago | 47.01 bp | 65.1 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 3.56 bp | 202.7 bp −$203 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BXUSDT | 0.0000% | 8h | 126.52 | −0.274% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDT | 0.0000% | 8h | 126.78 | −0.071% | $490K | $866K | 25x | as long as short |
| QFEX BX-USD | 0.0000% | 1h | 127.05 | +0.142% | $1.1M | $1.3M | 10x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.86 | −0.008% | $425K | $27K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.94 | +0.055% | $902K | $45K | 20x | as long as short |
| SunX BX-USDTlong | 0.0000% | 8h | 126.87 | long leg | $1K | $313K | 10x | |
| HTX BX-USDT | 0.0000% | 8h | 126.45 | −0.331% | $7K | $3K | 20x | as long as short |
| Injective BX/USDC PERP | +0.0220% | 1h | 138.72 | +9.340% | $4K | $32K | 12x | as long as short |
| OKX BX-USDT-SWAP | +0.0286% | 8h | 126.81 | −0.047% | $164K | $113K | 20x | as long as short |
| tradeXYZ xyz:BX | +0.0602% | 1h | 126.69 | −0.142% | $671K | $193K | 10x | as long as short |
Aster BXUSDT
Bybit BXUSDT
QFEX BX-USD
Gate BX_USDT
Bitget BXUSDT
HTX BX-USDT
Injective BX/USDC PERP
OKX BX-USDT-SWAP
tradeXYZ xyz:BXShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BX_USDT_Perp | +0.0826% | 8h | 126.69 | −0.143% | $1K | $123K | 10x | as long as short |
| KuCoin BXUSDTMshort | +0.1159% | 8h | 126.52 | −0.276% | $112K | $1.1M | 20x | |
| Variational Omni BX | +0.1226% | 8h | 126.68 | −0.147% | $31K | $127 | — | as long as short |
| Binance BXUSDT | +0.1598% | 8h | 126.86 | −0.008% | $796K | $482K | 20x | as long as short |
GRVT BX_USDT_Perp
Variational Omni BX
Binance BXUSDT