Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against SunX−0.027%7-day average +0.011% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.141%−$14 · spread now −0.027%, 7d avg +0.011%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.037% cheaper against SunX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PANW-USDT | 373.18 | 0.0100 | pay 0.0100% / 8h | 2h 37m | $1K | $625K | 10x |
| Short | Bitget PANWUSDT | 373.08 | 0 | get 0.0000% / 8h | 2h 37m | $174K | $378K | 20x |
SunX PANW-USDT
Bitget PANWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.027% → +0.011%
- −$3.73
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$44.73
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 34 min ago; Bitget: live order book, 3 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, 34 min ago | 500.24 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 15.01 bp | 62.4 bp −$62 | 83.0 bp −$830 | doesn't fit | doesn't fit |
PANW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PANWUSDT | 0.0000% | 8h | 373.35 | +0.044% | $515K | $771K | 25x | as long as short |
| Bybit PANWUSDT | 0.0000% | 8h | 372.93 | −0.067% | $325K | $323K | 25x | as long as short |
| QFEX PANW-USD | 0.0000% | 1h | 373.24 | +0.016% | $1.1M | $2.6M | 10x | as long as short |
| Gate PANW_USDT | 0.0000% | 8h | 372.33 | −0.228% | $67K | $5K | 20x | as long as short |
| Bitget PANWUSDTshort | 0.0000% | 8h | 373.08 | −0.027% | $174K | $378K | 20x | |
| SunX PANW-USDTlong | +0.0100% | 8h | 373.18 | long leg | $1K | $625K | 10x | |
| HTX PANW-USDT | +0.0100% | 8h | 372.73 | −0.121% | $2K | $39K | 10x | as long as short |
| Injective PANW/USDC PERP | +0.0220% | 1h | 376.86 | +0.986% | $6K | $38K | 12x | as long as short |
Binance PANWUSDT
Bybit PANWUSDT
QFEX PANW-USD
Gate PANW_USDT
HTX PANW-USDT
Injective PANW/USDC PERP