Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 94.783 | +0.0440 | pay 0.0055% / 1h | 44m 29s | $25K | $124K | 25x | Long Injective | |
| SHORT | 95.960 | 0 | 0.0000% / 8h | 6h 44m | $753 | $707K | 10x | Short SunX≤10% back |
Price gap+1.242%1500s
Funding gap−0.0440% /8h
The gap pays +$101 on $10k if it goes back to its 7d average, but funding costs $13 a day and eats that in about 7.7 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$56−0.0440% /8h now · paid +0.558% over the last 7D
Price—spread +1.242%1500s now · prices read too far apart to compare
Costs−$2722.724% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+1.242%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hHOOD on 39 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size29.3 / 79.8 bpAt $10k entering SunX costs 79.8 bp, fee and slippage, 2.7× Injective’s.
- Note: Margin at max leverage$400 + $1,000Injective 25x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$13.20Long Injective: 24 payments, −$13.20; short SunX: 3 payments, $0.00.
- Watch: Prices read 25 min apart+1.242% vs +0.229%Part of this gap may be the market moving.
- Watch: Short leg is thinner$753 vs $25K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legInjective No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0266%/8h × 21 periods+$55.82
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$264.35
Fee Injective bp × 2 orders−$0.02
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$216.55
price spread not counted: prices read too far apartCosts to cover2.724%Break-even34.2 days
Slippage: Injective: live order book, 38 min ago; SunX: live order book, 8 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGInjective29.2529.3 bp−$2910625.9 bp−$106.3K196253.8 bp−$19.63M1021258.2 bp−$510.63M
SELL · SHORTSunX29.6779.8 bp−$80doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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Backpack
RISEx