Funding you earn now, next payment 12:00 UTC+0.1811%/8h= +198.3% APRnext payment +$9.05 per $10,000 · paid last 24h +0.085%
Price spread now: Binance against SunX0.000%56s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$348as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3833.830% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 2 days (all we have)+0.221%+$22 · spread now 0.000%, 7d avg +0.028%
=Funding pays, the price is against you. Binance is 0.028% cheaper against SunX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.028%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$54 a day). At the pace of the last 7 days (+0.351% in total) that is about 13 hours. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.351% in total (about 18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.05 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 | SunX HK0625-USDT | 38.030 | 0 | get 0.0000% / 4h | 3h 44m | — | $936K | 10x |
| Short | Binance HK0625USDT | 38.030 | 0.1811 | get 0.0905% / 4h | 3h 44m | $299K | $553K | 20x |
SunX HK0625-USDT
Binance HK0625USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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
- $380.31
- Price spread: 0.000% → +0.028%
- −$2.78
- Slippage, 4 orders
- −$365.03
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$5.5
- Costs to cover
- 3.830%
- Break-even
- 7.1 days
Slippage from SunX: live order book, 68 min ago; Binance: live order book, 18 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 SunX live order book, 68 min ago | 74.51 bp | 139.5 bp −$140 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 18 min ago | 5.18 bp | 69.8 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
HK0625 on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX HK0625-USDTlong | 0.0000% | 4h | 38.030 | long leg | — | $936K | 10x | |
| HTX HK0625-USDT | 0.0000% | 4h | 38.040 | +0.026% | $5K | $342K | 20x | as long as short |
| Binance HK0625USDTshort | +0.1811% | 4h | 38.030 | 0.000% | $299K | $553K | 20x |
HTX HK0625-USDT