Settings8H · net · $10k
Funding arb · Price arb /

BYD

RWAall BYD markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0832%/8h= +91.1% APRnext payment +$4.16 per $10,000 · paid last 24h +0.214%
Price spread now: edgeX against SunX+0.033%74s7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3263.262% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.232%+$123 on $10k
Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.033%, 7d avg +0.066%
Together, before fees+1.240%+ Points / potential airdropedgeX: Active · farm board+$124 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.034% cheaper against SunX than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.066%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$25 a day). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX BYD-USDT10.3300get 0.0000% / 4h2h 11m$2.1M10x
ShortedgeX BYDUSDC10.3330.0832get 0.0416% / 4h2h 11m$43K$432K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$174.73
Price spread: +0.033% → +0.066%
−$3.35
Slippage, 4 orders
−$309.22
Fee SunX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$154.84
Costs to cover
3.262%
Break-even
13.2 days
Slippage from SunX: live order book, 4 min ago; edgeX: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago53.22 bp121.2 bp −$121doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 37 min ago14.50 bp51.8 bp −$52doesn't fitdoesn't fitdoesn't fit

BYD on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX BYD-USDTlong0.0000%4h10.330long leg$2.1M10x
HTX BYD-USDT0.0000%4h10.340+0.097%$9K$266K20xas long as short
Gate BYD_USDT+0.0093%8h10.392+0.600%$155K$53K20xas long as short
KuCoin BYDUSDTM+0.0100%8h10.346+0.155%$13K$1.7M20xas long as short
Bybit BYDUSDT+0.0122%8h10.350+0.194%$78K$13K25xas long as short
edgeX BYDUSDCshort+0.0832%4h10.333+0.033%$43K$432K10x
Bitget BYDUSDT+0.1444%8h10.342+0.116%$150K$234K20xas long as short
Binance BYDUSDT+0.1895%4h10.343+0.126%$1.5M$876K20xas long as short