Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 67.670 | 0 | 0.0000% / 8h | 7h 50m | — | $6.0M | 10x | Long SunX≤10% back | |
| SHORT | 67.579 | −0.0190 | pay 0.0190% / 8h | 7h 50m | $121K | $768K | 20x | Short OKX |
Price gap−0.134%
Funding gap−0.0190% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.143% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$3−0.0190% /8h now · paid −0.031% over the last 7D
Price−$14spread −0.134% now, avg +0.009% → −0.143% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$17−0.17%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 −0.031% in total, about −0.0015%/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−0.134%
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
/8hCVNA 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 + $500SunX 10x, OKX 20x. 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: −$5.71Long SunX: 3 payments, $0.00; short OKX: 3 payments, −$5.71.
- Watch: Gap narrower than usual−0.134% vs +0.009%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner— vs $121K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCSunX No · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0015%/8h × 21 periods−$3.07
Price spread−0.134% → +0.009% (7d avg)−$14.33
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee OKX 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, 13 min ago; OKX: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX901.05doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX5.77103.0 bp−$103doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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