DKNG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0782%/8h= −85.6% APRnext payment −$7.82 per $10,000 · paid last 24h −0.094%

Price spread now: SunX against Binance+0.091%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2522.524% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 2 days (all we have)−0.159%−$16 · spread now +0.091%, 7d avg −0.044%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.135% dearer against Binance than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of −0.044%): +$13 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.114% in total) that is about 8.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.82 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	Binance DKNGUSDT	22.080	0.0782	pay 0.0782% / 8h	6h 03m	$270K	$619K	20x
Short	SunX DKNG-USDT	22.100	0	get 0.0000% / 8h	6h 03m	$1K	$683K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$164.24
Price spread: +0.091% → −0.044%: $13.49
Slippage, 4 orders: −$234.44
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$403.2
Costs to cover: 2.524%
Break-even: never at this rate

Slippage from Binance: live order book, 14 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 Binance live order book, 14 min ago	4.53 bp	29.5 bp −$30	140.4 bp −$1,404	doesn't fit	doesn't fit
Sell SunX live order book, 38 min ago	49.77 bp	102.5 bp −$102	doesn't fit	doesn't fit	doesn't fit

DKNG on 12 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 DKNGUSDT	0.0000%	8h	22.042	−0.172%	$1K	$11K	20x	as long as short
Bybit DKNGUSDT	0.0000%	8h	22.050	−0.136%	$80K	$67K	25x	as long as short
Gate DKNG_USDT	0.0000%	8h	22.101	+0.095%	$109K	$5K	20x	as long as short
Bitget DKNGUSDT	0.0000%	8h	22.040	−0.181%	$124K	$67K	20x	as long as short
SunX DKNG-USDTshort	0.0000%	8h	22.100	+0.091%	$1K	$683K	10x
HTX DKNG-USDT	0.0000%	8h	22.120	+0.181%	$6K	$3K	10x	as long as short
Injective DKNG/USDC PERP	+0.0033%	1h	21.990	−0.408%	$707	$6K	12x	as long as short
OKX DKNG-USDT-SWAP	+0.0171%	8h	22.110	+0.136%	$113K	$113K	20x	as long as short
tradeXYZ xyz:DKNG	+0.0183%	1h	22.088	+0.036%	$1.7M	$2.1M	10x	as long as short
Variational Omni DKNG	+0.0733%	8h	22.096	+0.074%	$78K	$51K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DKNGUSDTlong	+0.0782%	8h	22.080	long leg	$270K	$619K	20x
KuCoin DKNGUSDTM	+0.0897%	8h	22.050	−0.136%	$89K	$399K	20x	as long as short