Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against tradeXYZ−0.097%7-day average −0.020% · you buy dearer than you sell

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

Long on tradeXYZ Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.097%, 7d avg −0.020%

Together, before fees+0.012%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.077% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COST	901.07	0.0050	pay 0.0006% / 1h	45m 44s	$1.8M	$517K	20x
Short	SunX COST-USDT	900.20	0	get 0.0000% / 8h	2h 45m	$1K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against tradeXYZ. 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 tradeXYZbpFee SunXbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$10.5
Price spread: −0.097% → −0.020%: −$7.66
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$44.16
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 2 min ago; SunX: live order book, 2 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 tradeXYZ live order book, 2 min ago	2.00 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	500.36 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	901.38	+0.034%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	901.46	+0.043%	$1.1M	$970K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.68	+0.068%	$491K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	902.27	+0.133%	$442K	$122K	10x	as long as short
Gate COST_USDT	0.0000%	8h	901.30	+0.026%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	900.89	−0.020%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	901.33	+0.029%	$41K	$13K	—	as long as short
SunX COST-USDTshort	0.0000%	8h	900.20	−0.097%	$1K	$2.9M	10x
HTX COST-USDT	0.0000%	8h	901.95	+0.098%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0003%	1h	901.30	+0.026%	$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	−1.009%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.313%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.31	+0.027%	—	—	25x	as long as short
tradeXYZ xyz:COSTlong	+0.0050%	1h	901.07	long leg	$1.8M	$517K	20x
KuCoin COSTUSDTM	+0.0100%	8h	900.30	−0.085%	$48K	$895K	20x	as long as short