Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 351.74 | +0.2450 | pay 0.2450% / 8h | 7h 58m | $981K | $1.2M | — | Long BingX | |
| SHORT | 351.86 | +0.0100 | get 0.0100% / 8h | 7h 58m | $795 | $287K | 10x | Short SunX≤10% back |
Price gap+0.034%
Funding gap−0.2350% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $71 a day and eats that in about 2 hours. At the last 7 days' pace that is about 31 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$35−0.2350% /8h now · paid −0.347% over the last 7D
Price+$6spread +0.034% now, avg −0.030% → +0.064% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$28−0.28%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.347% in total, about −0.0165%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.034%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCIEN on 12 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage— + $1,000BingX —, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$70.50Long BingX: 3 payments, −$73.50; short SunX: 3 payments, +$3.00.
- OK: Entry gap works for you+0.034% vs −0.030%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$795 vs $981K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · SunX NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0165%/8h × 21 periods−$34.68
Price spread+0.034% → −0.030% (7d avg)+$6.40
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: BingX: live order book, 15 min ago; SunX: live order book, 14 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX11.0823.3 bp−$2374.8 bp−$748190.4 bp−$19.0K704.7 bp−$352.4K
SELL · SHORTSunX501.60doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-18 12:57 | Paragon | Listing | Ciena ($CIEN), IREN ($IREN) and Applied Optoelectronics ($AAOI) sit on different layers of the same AI build: line systems, cloud capacity, and optical transceivers. All three are live as perpetuals, 24/7 on Hyperliquid. Up to 10x. @tradeparagon on X ↗ |
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