Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 350.43 | +0.0100 | pay 0.0100% / 8h | 42m 35s | $1K | $286K | 10x | Long SunX≤10% back | |
| SHORT | 350.45 | +0.1510 | get 0.1510% / 8h | 42m 35s | $981K | $1.2M | — | Short BingX |
Price gap+0.006%
Funding gap+0.1410% /8h
Funding pays +$42 a day on $10k, but the gap is 0.024% under its 7d average: −$2 if it goes back, about 1 hour of funding. At the last 7 days' pace that is about 12 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$35+0.1410% /8h now · paid +0.347% over the last 7D
Price−$2spread +0.006% now, avg +0.030% → −0.024% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$32+0.32%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far above 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+0.006%
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
1 ok · 4 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$1,000 + —SunX 10x, BingX —. 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: +$42.30Long SunX: 3 payments, −$3.00; short BingX: 3 payments, +$45.30.
- Watch: Gap narrower than usual+0.006% vs +0.030%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$1K vs $981K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCSunX No · BingX YesAdvanced 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+0.006% → +0.030% (7d avg)−$2.42
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 35 min ago; BingX: live order book, 15 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX500.15doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX14.5535.9 bp−$36102.4 bp−$1,024247.6 bp−$24.8K738.9 bp−$369.5K
Closing costs about the same again.
| 09-18 12:57 | Paragon | Listing | Ciena ($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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