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: Binance against SunX−0.040%7-day average +0.062% · you buy dearer than you sell
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)+0.084%+$8 · spread now −0.040%, 7d avg +0.062%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.102% cheaper against SunX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.062%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PANW-USDT | 375.03 | 0.0100 | pay 0.0100% / 8h | 6h 21m | $953 | $604K | 10x |
| Short | Binance PANWUSDT | 374.88 | 0 | get 0.0000% / 8h | 6h 21m | $540K | $873K | 25x |
SunX PANW-USDT
Binance PANWUSDTFunding 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
- −$21
- Price spread: −0.040% → +0.062%
- −$10.16
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.16
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 23 min ago; Binance: live order book, 19 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 SunX live order book, 23 min ago | 500.07 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 19 min ago | 8.40 bp | 19.3 bp −$19 | 80.9 bp −$809 | 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 PANWUSDTshort | 0.0000% | 8h | 374.88 | −0.040% | $540K | $873K | 25x | |
| Bybit PANWUSDT | 0.0000% | 8h | 374.98 | −0.013% | $330K | $340K | 25x | as long as short |
| QFEX PANW-USD | 0.0000% | 1h | 374.75 | −0.075% | $1.1M | $2.6M | 10x | as long as short |
| Gate PANW_USDT | 0.0000% | 8h | 375.12 | +0.024% | $69K | $6K | 20x | as long as short |
| Bitget PANWUSDT | 0.0000% | 8h | 375.34 | +0.083% | $177K | $342K | 20x | as long as short |
| Injective PANW/USDC PERP | +0.0033% | 1h | 379.92 | +1.304% | $6K | $38K | 12x | as long as short |
| SunX PANW-USDTlong | +0.0100% | 8h | 375.03 | long leg | $953 | $604K | 10x | |
| HTX PANW-USDT | +0.0100% | 8h | 374.56 | −0.125% | $663 | $41K | 10x | as long as short |
Bybit PANWUSDT
QFEX PANW-USD
Gate PANW_USDT
Bitget PANWUSDT
Injective PANW/USDC PERP
HTX PANW-USDT