Funding arb · Price arb /

BYD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h 0.000%

Price spread now: Gate against SunX+0.584%7-day average +0.297% · you sell dearer than you buy

Net, funding: paid 7d − costs−$573as in the Funding arb table

Net, price: spread back to 7d avg − costs−$557as in the Price arb table

costs, in and out, $10k−$5855.852% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.425%−$43 · spread now +0.584%, 7d avg +0.297%

Together, before fees−0.301%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.286% dearer against SunX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.297%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BYD-USDT	10.280	0	get 0.0000% / 4h	1h 35m	—	$2.1M	10x
Short	Gate BYD_USDT	10.340	0.0064	get 0.0064% / 8h	1h 35m	$155K	$55K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.584%Rate

Funding earned: $13.44
Price spread: +0.584% → +0.297%: $28.64
Slippage, 4 orders: −$562.21
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$543.13
Costs to cover: 5.852%
Break-even: 289.9 days

Slippage from SunX: live order book, 1 min ago; Gate: live order book, just now.

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, 1 min ago	53.48 bp	116.5 bp −$116	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, just now	19.36 bp	163.7 bp −$164	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
SunX BYD-USDTlong	0.0000%	4h	10.280	long leg	—	$2.1M	10x
HTX BYD-USDT	0.0000%	4h	10.290	+0.097%	$9K	$265K	20x	as long as short
Gate BYD_USDTshort	+0.0064%	8h	10.340	+0.584%	$155K	$55K	20x
Bybit BYDUSDT	+0.0159%	8h	10.300	+0.195%	$78K	$13K	25x	as long as short
KuCoin BYDUSDTM	+0.0161%	8h	10.300	+0.195%	$13K	$1.7M	20x	as long as short
edgeX BYDUSDC	+0.0640%	4h	10.281	+0.007%	$42K	$430K	10x	as long as short
Bitget BYDUSDT	+0.1655%	8h	10.286	+0.058%	$145K	$245K	20x	as long as short
Binance BYDUSDT	+0.1963%	4h	10.287	+0.073%	$1.5M	$901K	20x	as long as short