Funding arb · Price arb /

HD

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.067%7-day average +0.053% · you buy dearer than you sell

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.067%, 7d avg +0.053%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.120% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HD_USDT	297.70	0	get 0.0000% / 8h	4h 45m	$128K	$2K	20x
Short	SunX HD-USDT	297.50	0	get 0.0000% / 8h	4h 45m	$851	$829K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → +0.053%: −$11.97
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$34.97
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; SunX: live order book, 47 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 Gate live order book, 5 min ago	13.44 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 47 min ago	500.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

HD 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
Aster HDUSDT	0.0000%	8h	297.86	+0.055%	$3K	$292	20x	as long as short
Binance HDUSDT	0.0000%	8h	297.89	+0.065%	$350K	$342K	20x	as long as short
Bybit HDUSDT	0.0000%	8h	298.29	+0.198%	$58K	$2K	25x	as long as short
Gate HD_USDTlong	0.0000%	8h	297.70	long leg	$128K	$2K	20x
Variational Omni HD	0.0000%	8h	297.77	+0.023%	$40K	$56K	—	as long as short
GRVT HD_USDT_Perp	0.0000%	8h	297.63	−0.023%	$107	$99K	10x	as long as short
SunX HD-USDTshort	0.0000%	8h	297.50	−0.067%	$851	$829K	10x
HTX HD-USDT	0.0000%	8h	297.39	−0.104%	$5K	$14K	10x	as long as short
KuCoin HDUSDTM	+0.0100%	8h	297.73	+0.010%	$124K	$509K	20x	as long as short