Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 396.93 | +0.0100 | pay 0.0100% / 8h | 4h 05m | $838 | $638K | 10x | Long SunX≤10% back | |
| SHORT | 396.67 | −0.0050 | pay 0.0050% / 8h | 4h 05m | $942K | $1.2M | — | Short BingX |
Price gap−0.066%
Funding gap−0.0150% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.135% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10−0.0150% /8h now · paid −0.101% over the last 7D
Price−$14spread −0.066% now, avg +0.070% → −0.135% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$24−0.24%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
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−0.066%
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
/8hPANW on 13 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$1,000 + —SunX 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$4.50Long SunX: 3 payments, −$3.00; short BingX: 3 payments, −$1.50.
- Watch: Gap narrower than usual−0.066% vs +0.070%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$838 vs $942K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCSunX No · BingX YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0048%/8h × 21 periods−$10.08
Price spread−0.066% → +0.070% (7d avg)−$13.53
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 26 min ago; BingX: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX500.20doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX2.5314.4 bp−$1461.5 bp−$615137.6 bp−$13.8K734.4 bp−$367.2K
Closing costs about the same again.
| 10-27 09:00 | KuCoin | Listing | new market PANWUSDTM ($PANW) seen by our collector |
| 10-22 09:44 | OKX | Listing | new market PANW-USDT-SWAP ($PANW) seen by our collector |
| 09-28 16:43 | Avantis | Other | 2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗ |
| 09-24 14:11 | Avantis | Listing | new market PANW/USD ($PANW) seen by our collector |


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