Funding you earn now, next payment 10:00 UTC−0.0365%/8h= −40.0% APRpaid last 24h −0.009%
Price spread now: SunX against tradeXYZ−0.055%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2442.440% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.055%, 7d avg +0.019%
=Together, before fees−0.222%+ Points / potential airdroptradeXYZ: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and SunX is 0.074% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.188% in total (about -9.8% a year). A funding rate is set anew for every payment. 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 | tradeXYZ xyz:EBAY | 108.47 | 0.0365 | pay 0.0046% / 1h | 57m 23s | $301K | $75K | 10x |
| Short | SunX EBAY-USDT | 108.41 | 0 | get 0.0000% / 8h | 6h 57m | $636 | $910K | 10x |
tradeXYZ xyz:EBAY
SunX EBAY-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$76.73
- Price spread: −0.055% → +0.019%
- −$7.42
- Slippage, 4 orders
- −$217.97
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$328.11
- Costs to cover
- 2.440%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 49 min ago; SunX: live order book, 45 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 tradeXYZ live order book, 49 min ago | 6.46 bp | 46.8 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 45 min ago | 50.28 bp | 68.8 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
EBAY on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX EBAY-USD | −0.0001% | 1h | 108.46 | −0.009% | $1.1M | $3.8M | 10x | as long as short |
| Aster EBAYUSDT | 0.0000% | 8h | 108.50 | +0.032% | $4K | $936 | 20x | as long as short |
| Binance EBAYUSDT | 0.0000% | 8h | 108.45 | −0.018% | $251K | $417K | 20x | as long as short |
| Bybit EBAYUSDT | 0.0000% | 8h | 108.35 | −0.111% | $41K | $15K | 25x | as long as short |
| Gate EBAY_USDT | 0.0000% | 8h | 108.44 | −0.028% | $146K | $3K | 20x | as long as short |
| Variational Omni EBAY | 0.0000% | 8h | 108.42 | −0.042% | $18K | $84K | — | as long as short |
| SunX EBAY-USDTshort | 0.0000% | 8h | 108.41 | −0.055% | $636 | $910K | 10x | |
| HTX EBAY-USDT | 0.0000% | 8h | 108.23 | −0.221% | $6K | $3K | 10x | as long as short |
| tradeXYZ xyz:EBAYlong | +0.0365% | 1h | 108.47 | long leg | $301K | $75K | 10x |
QFEX EBAY-USD
Aster EBAYUSDT
Binance EBAYUSDT
Bybit EBAYUSDT
Gate EBAY_USDT
Variational Omni EBAY
HTX EBAY-USDT