Funding arb · Price arb /

BYD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.067%

Price spread now: KuCoin against SunX+0.116%7-day average +0.090% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on KuCoin

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)−0.053%−$5 · spread now +0.116%, 7d avg +0.090%

Together, before fees+0.321%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.026% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BYD-USDT	10.340	0	get 0.0000% / 4h	2h 11m	—	$2.1M	10x
Short	KuCoin BYDUSDTM	10.352	0.0100	get 0.0100% / 8h	2h 11m	$13K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.116%Rate

Funding earned: $21
Price spread: +0.116% → +0.090%: $2.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $3.59
Costs to cover: 0.200%
Break-even: 5.8 days

Slippage unknown: SunX: live order book, 5 min ago; KuCoin: live order book, 5 min ago. Net counts fees only.

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, 5 min ago	53.22 bp	121.2 bp −$121	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	15.48 bp	doesn't fit	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	10.340	long leg	—	$2.1M	10x
HTX BYD-USDT	0.0000%	4h	10.350	+0.097%	$9K	$266K	20x	as long as short
Gate BYD_USDT	+0.0093%	8h	10.396	+0.542%	$155K	$53K	20x	as long as short
KuCoin BYDUSDTMshort	+0.0100%	8h	10.352	+0.116%	$13K	$1.7M	20x
Bybit BYDUSDT	+0.0119%	8h	10.350	+0.097%	$78K	$13K	25x	as long as short
edgeX BYDUSDC	+0.0442%	4h	10.337	−0.025%	$43K	$428K	10x	as long as short
Bitget BYDUSDT	+0.1444%	8h	10.344	+0.039%	$150K	$234K	20x	as long as short
Binance BYDUSDT	+0.1895%	4h	10.344	+0.035%	$1.5M	$876K	20x	as long as short