Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget−0.152%50s7-day average −0.096% · you buy dearer than you sell

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

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.152%, 7d avg −0.096%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.055% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.096%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COSTUSDT	903.17	0	get 0.0000% / 8h	2h 13m	$403K	$78K	25x
Short	SunX COST-USDT	901.80	0	get 0.0000% / 8h	2h 13m	$2K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now −0.152%Rate

Funding earned: $0
Price spread: −0.152% → −0.096%: −$5.54
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$25.54
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 27 min ago; SunX: live order book, 4 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 Bitget live order book, 27 min ago	6.15 bp	14.1 bp −$14	27.1 bp −$271	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.03 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	903.10	−0.007%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.96	−0.023%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	903.11	−0.007%	$491K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	903.18	+0.001%	$443K	$123K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.84	−0.037%	$523K	$8K	25x	as long as short
Bitget COSTUSDTlong	0.0000%	8h	903.17	long leg	$403K	$78K	25x
Variational Omni COST	0.0000%	8h	902.78	−0.044%	$41K	$13K	—	as long as short
SunX COST-USDTshort	0.0000%	8h	901.80	−0.152%	$2K	$2.9M	10x
HTX COST-USDT	0.0000%	8h	904.04	+0.096%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0003%	1h	902.81	−0.040%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.239%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.545%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.87	−0.033%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.85	−0.035%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.10	−0.118%	$48K	$899K	20x	as long as short