Funding you earn now, next payment 08:00 UTC+0.1889%/8h= +206.9% APRnext payment +$9.45 per $10,000 · paid last 24h +0.144%
Price spread now: Binance against SunX0.000%46s7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$244as 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−$2852.849% of the position
Funding, last 7 days+0.406%+$41 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now 0.000%, 7d avg +0.087%
=Funding pays, the price is against you. Binance is 0.087% cheaper against SunX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.087%). If the spread goes back, that is −$9 on $10k: about 4 hours of funding at the current rate (+$57 a day). At the pace of the last 7 days (+0.406% in total) that is about 36 hours. The two prices were read 46 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 0.406% in total (about 21.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.45 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 BYD-USDT | 10.330 | 0 | get 0.0000% / 4h | 2h 14m | — | $2.1M | 10x |
| Short | Binance BYDUSDT | 10.330 | 0.1889 | get 0.0945% / 4h | 2h 14m | $1.5M | $876K | 20x |
SunX BYD-USDT
Binance BYDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $396.79
- Price spread: 0.000% → +0.087%
- −$8.73
- Slippage, 4 orders
- −$266.87
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $103.19
- Costs to cover
- 2.849%
- Break-even
- 5.2 days
Slippage from SunX: live order book, 2 min ago; Binance: live order book, 3 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, 2 min ago | 53.22 bp | 121.2 bp −$121 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 4.84 bp | 20.2 bp −$20 | 72.4 bp −$724 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BYD-USDTlong | 0.0000% | 4h | 10.330 | long leg | — | $2.1M | 10x | |
| HTX BYD-USDT | 0.0000% | 4h | 10.340 | +0.097% | $9K | $266K | 20x | as long as short |
| Gate BYD_USDT | +0.0087% | 8h | 10.384 | +0.523% | $155K | $53K | 20x | as long as short |
| KuCoin BYDUSDTM | +0.0100% | 8h | 10.334 | +0.039% | $13K | $1.7M | 20x | as long as short |
| Bybit BYDUSDT | +0.0128% | 8h | 10.350 | +0.194% | $78K | $13K | 25x | as long as short |
| edgeX BYDUSDC | +0.0871% | 4h | 10.334 | +0.043% | $43K | $431K | 10x | as long as short |
| Bitget BYDUSDT | +0.1430% | 8h | 10.332 | +0.019% | $150K | $234K | 20x | as long as short |
| Binance BYDUSDTshort | +0.1889% | 4h | 10.330 | 0.000% | $1.5M | $876K | 20x |
HTX BYD-USDT
Gate BYD_USDT
KuCoin BYDUSDTM
Bybit BYDUSDT
edgeX BYDUSDC
Bitget BYDUSDT