Funding arb · Price arb /

BYD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.111%

Price spread now: SunX against Binance−0.048%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$327as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2902.899% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.374%−$37 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.048%, 7d avg −0.087%

Together, before fees−0.230%−$23 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: SunX is 0.039% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BYDUSDT	10.315	0	get 0.0000% / 4h	2h 57m	$1.4M	$1.0M	20x
Short	SunX BYD-USDT	10.310	0	get 0.0000% / 4h	2h 57m	—	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.087%: $3.94
Slippage, 4 orders: −$271.89
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$285.95
Costs to cover: 2.899%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; SunX: live order book, 8 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 Binance live order book, 5 min ago	4.85 bp	27.1 bp −$27	85.7 bp −$857	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	53.32 bp	119.3 bp −$119	doesn't fit	doesn't fit	doesn't fit

BYD on 8 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
Binance BYDUSDTlong	0.0000%	4h	10.315	long leg	$1.4M	$1.0M	20x
Bybit BYDUSDT	0.0000%	8h	10.320	+0.049%	$78K	$12K	25x	as long as short
Gate BYD_USDT	0.0000%	8h	10.360	+0.437%	$155K	$57K	20x	as long as short
SunX BYD-USDTshort	0.0000%	4h	10.310	−0.048%	—	$2.0M	10x
HTX BYD-USDT	0.0000%	4h	10.340	+0.243%	$9K	$266K	20x	as long as short
KuCoin BYDUSDTM	+0.0100%	8h	10.334	+0.185%	$13K	$1.6M	20x	as long as short
edgeX BYDUSDC	+0.0436%	4h	10.313	−0.021%	$42K	$433K	10x	as long as short
Bitget BYDUSDT	+0.0472%	8h	10.322	+0.069%	$149K	$279K	20x	as long as short