Settings8H · net · $10k
Funding arb · Price arb /

PATH

RWAall PATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0462%/8h= +50.6% APRnext payment +$4.62 per $10,000 · paid last 24h +0.052%
Price spread now: Binance against SunX0.000%7-day average +0.071% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 2 days (all we have)+0.052%+$5 on $10k
Price spread, last 2 days (all we have)+0.058%+$6 · spread now 0.000%, 7d avg +0.071%
Together, before fees+0.110%+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.071% cheaper against SunX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.071%). If the spread goes back, that is −$7 on $10k: about 12 hours of funding at the current rate (+$14 a day). At the pace of the last 2 days (+0.052% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 2 days it paid 0.052% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX PATH-USDT13.6600get 0.0000% / 8h3h 32m$1.7M10x
ShortBinance PATHUSDT13.6600.0462get 0.0462% / 8h3h 32m$67K$175K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$96.99
Price spread: 0.000% → +0.071%
−$7.07
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
$71.93
Costs to cover
0.180%
Break-even
1.8 days
Slippage unknown: SunX: live order book, 13 min ago; Binance: live order book, 14 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 13 min ago40.22 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 14 min ago10.97 bp66.4 bp −$66doesn't fitdoesn't fitdoesn't fit

PATH on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PATHUSDT0.0000%8h13.6600.000%$52K$131K25xas long as short
Gate PATH_USDT0.0000%8h13.647−0.095%$6K$12K20xas long as short
Bitget PATHUSDT0.0000%8h13.621−0.286%$22K$29K20xas long as short
SunX PATH-USDTlong0.0000%8h13.660long leg$1.7M10x
HTX PATH-USDT0.0000%8h13.680+0.146%$2K$266K20xas long as short
Phemex PATHUSDT0.0000%8h13.650−0.073%$10K$15K10xas long as short
Binance PATHUSDTshort+0.0462%8h13.6600.000%$67K$175K20x