Funding you earn now, next payment 08:00 UTC+0.0482%/8h= +52.7% APRnext payment +$4.82 per $10,000 · paid last 24h +0.013%
Price spread now: SunX against Phemex+0.010%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$246as in the Price arb table
costs, in and out, $10k−$2512.512% of the position
Funding, last 7 days+0.282%+$28 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.010%, 7d avg −0.041%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and SunX is 0.050% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.041%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.282% in total (about 14.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DISUSDT | 104.18 | −0.0482 | get 0.0482% / 8h | 13m 25s | $1.3M | $20K | 10x |
| Short | SunX DIS-USDT | 104.19 | 0 | get 0.0000% / 8h | 13m 25s | $978 | $634K | 10x |
Phemex DISUSDT
SunX DIS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $101.16
- Price spread: +0.010% → −0.041%
- $5.04
- Slippage, 4 orders
- −$231.25
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$145.05
- Costs to cover
- 2.512%
- Break-even
- 17.0 days
Slippage from Phemex: live order book, 4 min ago; SunX: live order book, 38 min ago.
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 Phemex live order book, 4 min ago | 2.40 bp | 54.7 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 38 min ago | 47.03 bp | 65.7 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
DIS on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex DISUSDTlong | −0.0482% | 8h | 104.18 | long leg | $1.3M | $20K | 10x | |
| Aster DISUSDT | 0.0000% | 8h | 104.12 | −0.056% | $4K | $277 | 20x | as long as short |
| Binance DISUSDT | 0.0000% | 8h | 104.19 | +0.013% | $552K | $262K | 20x | as long as short |
| Gate DIS_USDT | 0.0000% | 8h | 104.20 | +0.019% | $365K | $1K | 20x | as long as short |
| Variational Omni DIS | 0.0000% | 8h | 104.18 | +0.003% | $14K | $49K | — | as long as short |
| GRVT DIS_USDT_Perp | 0.0000% | 8h | 104.13 | −0.045% | $941 | $153K | 10x | as long as short |
| SunX DIS-USDTshort | 0.0000% | 8h | 104.19 | +0.010% | $978 | $634K | 10x | |
| HTX DIS-USDT | 0.0000% | 8h | 103.98 | −0.192% | $6K | $4K | 10x | as long as short |
| Injective DIS/USDC PERP | +0.0033% | 1h | 103.66 | −0.499% | $2K | $11K | 12x | as long as short |
| KuCoin DISUSDTM | +0.0038% | 8h | 103.66 | −0.499% | $272K | $750K | 20x | as long as short |
Aster DISUSDT
Binance DISUSDT
Gate DIS_USDT
Variational Omni DIS
GRVT DIS_USDT_Perp
HTX DIS-USDT
Injective DIS/USDC PERP
KuCoin DISUSDTM