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: Bitget against SunX+0.056%7-day average +0.097% · you sell dearer than you buy

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

Long on SunX Short on Bitget

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)+0.029%+$3 · spread now +0.056%, 7d avg +0.097%

Together, before fees+0.029%+$3 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: Bitget is 0.042% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COST-USDT	898.40	0	get 0.0000% / 8h	5h 37m	$1K	$3.0M	10x
Short	Bitget COSTUSDT	898.90	0	get 0.0000% / 8h	5h 37m	$403K	$110K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.097%: −$4.16
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.16
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Bitget: live order book, 18 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, 10 min ago	500.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 18 min ago	6.56 bp	14.2 bp −$14	38.2 bp −$382	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	899.02	+0.069%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.97	+0.063%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.79	+0.155%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.05	+0.072%	$520K	$8K	25x	as long as short
Bitget COSTUSDTshort	0.0000%	8h	898.90	+0.056%	$403K	$110K	25x
SunX COST-USDTlong	0.0000%	8h	898.40	long leg	$1K	$3.0M	10x
HTX COST-USDT	0.0000%	8h	900.40	+0.223%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	898.70	+0.033%	$1.1M	$2.9M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.715%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.017%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.74	+0.038%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.64	+0.027%	$1.8M	$515K	20x	as long as short
Variational Omni COST	+0.0074%	8h	898.78	+0.042%	$42K	$17K	—	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.00	+0.067%	$46K	$872K	20x	as long as short
Binance COSTUSDT	+0.0185%	8h	899.00	+0.067%	$1.1M	$929K	20x	as long as short