Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against SunX−0.064%7-day average +0.006% · 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)−0.467%−$47 · spread now −0.064%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.070% cheaper against SunX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PANW-USDT | 376.08 | 0.0100 | pay 0.0100% / 8h | 7h 09m | $1K | $607K | 10x |
| Short | Bybit PANWUSDT | 375.84 | 0 | get 0.0000% / 8h | 7h 09m | $337K | $341K | 25x |
SunX PANW-USDT
Bybit PANWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.064% → +0.006%
- −$7
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$47
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 32 min ago; Bybit: live order book, 15 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, 32 min ago | 500.13 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 15 min ago | 4.54 bp | 50.4 bp −$50 | 181.3 bp −$1,813 | 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 | 376.04 | −0.011% | $524K | $852K | 25x | as long as short |
| Bybit PANWUSDTshort | 0.0000% | 8h | 375.84 | −0.064% | $337K | $341K | 25x | |
| QFEX PANW-USD | 0.0000% | 1h | 376.11 | +0.008% | $1.1M | $2.6M | 10x | as long as short |
| Gate PANW_USDT | 0.0000% | 8h | 375.95 | −0.035% | $69K | $6K | 20x | as long as short |
| Bitget PANWUSDT | 0.0000% | 8h | 376.18 | +0.027% | $178K | $341K | 20x | as long as short |
| SunX PANW-USDTlong | +0.0100% | 8h | 376.08 | long leg | $1K | $607K | 10x | |
| HTX PANW-USDT | +0.0100% | 8h | 375.40 | −0.181% | $912 | $41K | 10x | as long as short |
| Injective PANW/USDC PERP | +0.0220% | 1h | 378.31 | +0.593% | $6K | $38K | 12x | as long as short |
Binance PANWUSDT
QFEX PANW-USD
Gate PANW_USDT
Bitget PANWUSDT
HTX PANW-USDT
Injective PANW/USDC PERP