Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.051%
Price spread now: SunX against Binance+0.037%7-day average −0.062% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 2 days (all we have)−0.081%−$8 · spread now +0.037%, 7d avg −0.062%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.099% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PANWUSDT | 374.87 | 0 | get 0.0000% / 8h | 6h 17m | $540K | $870K | 25x |
| Short | SunX PANW-USDT | 375.01 | 0.0100 | get 0.0100% / 8h | 6h 17m | $1K | $599K | 10x |
Binance PANWUSDT
SunX PANW-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: +0.037% → −0.062%
- $9.9
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $12.9
- Costs to cover
- 0.180%
- Break-even
- 2.7 days
Slippage unknown: Binance: live order book, 23 min ago; SunX: live order book, 26 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 Binance live order book, 23 min ago | 8.40 bp | 23.1 bp −$23 | 86.0 bp −$860 | doesn't fit | doesn't fit |
| Sell SunX live order book, 26 min ago | 500.07 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
PANW on 8 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PANWUSDTlong | 0.0000% | 8h | 374.87 | long leg | $540K | $870K | 25x | |
| Bybit PANWUSDT | 0.0000% | 8h | 374.41 | −0.123% | $329K | $340K | 25x | as long as short |
| QFEX PANW-USD | 0.0000% | 1h | 374.35 | −0.139% | $1.1M | $2.6M | 10x | as long as short |
| Gate PANW_USDT | 0.0000% | 8h | 374.80 | −0.019% | $69K | $6K | 20x | as long as short |
| Bitget PANWUSDT | 0.0000% | 8h | 374.74 | −0.035% | $177K | $342K | 20x | as long as short |
| Injective PANW/USDC PERP | +0.0033% | 1h | 379.92 | +1.347% | $6K | $38K | 12x | as long as short |
| SunX PANW-USDTshort | +0.0100% | 8h | 375.01 | +0.037% | $1K | $599K | 10x | |
| HTX PANW-USDT | +0.0100% | 8h | 374.19 | −0.181% | $662 | $41K | 10x | as long as short |
Bybit PANWUSDT
QFEX PANW-USD
Gate PANW_USDT
Bitget PANWUSDT
Injective PANW/USDC PERP
HTX PANW-USDT