BX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0235%/8h= +25.7% APRnext payment +$2.35 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX−0.047%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$323as in the Funding arb table

Net, price: spread back to 7d avg − costs−$322as in the Price arb table

costs, in and out, $10k−$3163.159% of the position

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.047%, 7d avg +0.013%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.060% cheaper against SunX than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.013%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.35 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	126.55	0	get 0.0000% / 8h	47m 11s	$820	$303K	10x
Short	OKX BX-USDT-SWAP	126.49	0.0235	get 0.0235% / 8h	47m 11s	$163K	$107K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $49.31
Price spread: −0.047% → +0.013%: −$6
Slippage, 4 orders: −$297.9
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$272.6
Costs to cover: 3.159%
Break-even: 45.7 days

Slippage from SunX: live order book, 13 min ago; OKX: live order book, 28 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, 13 min ago	47.01 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 28 min ago	7.51 bp	83.6 bp −$84	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	126.25	−0.237%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.57	+0.016%	$498K	$857K	25x	as long as short
QFEX BX-USD	0.0000%	1h	130.45	+3.082%	$1.1M	$1.3M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.71	+0.126%	$426K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.68	+0.103%	$903K	$44K	20x	as long as short
SunX BX-USDTlong	0.0000%	8h	126.55	long leg	$820	$303K	10x
HTX BX-USDT	0.0000%	8h	126.68	+0.103%	$7K	$3K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.57	+9.498%	$4K	$32K	12x	as long as short
OKX BX-USDT-SWAPshort	+0.0235%	8h	126.49	−0.047%	$163K	$107K	20x
tradeXYZ xyz:BX	+0.0447%	1h	126.45	−0.079%	$663K	$180K	10x	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	+0.1015%	8h	126.57	+0.015%	$31K	$127	—	as long as short
KuCoin BXUSDTM	+0.1017%	8h	126.50	−0.040%	$113K	$1.1M	20x	as long as short
Binance BXUSDT	+0.1369%	8h	126.57	+0.012%	$804K	$454K	20x	as long as short
GRVT BX_USDT_Perp	+0.2156%	8h	126.56	+0.008%	$611	$122K	10x	as long as short