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

PAYP

RWAall PAYP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h −0.034%
Price spread now: SunX against KuCoin0.000%7-day average · 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 7 days−0.280%−$28 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin PAYPUSDTM17.6600.0100pay 0.0100% / 8h7h 59m$61K$87K20x
ShortSunX PAYP-USDT17.6600get 0.0000% / 8h7h 59m$2K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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
−$21
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$41
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: KuCoin: no order-book sample; SunX: live order book, 7 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 KuCoin no order-book sample
Sell SunX live order book, 7 min ago48.12 bp133.9 bp −$134doesn't fitdoesn't fitdoesn't fit
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PAYP on 8 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
Aster PAYPUSDT0.0000%8h17.675+0.083%$7K$79220xas long as short
Binance PAYPUSDT0.0000%8h17.661+0.003%$257K$432K20xas long as short
Gate PAYP_USDT0.0000%8h17.670+0.057%$82K$6K25xas long as short
Variational Omni PAYP0.0000%8h17.663+0.015%$71K$32Kas long as short
GRVT PAYP_USDT_Perp0.0000%8h17.6600.000%$130K$514K10xas long as short
SunX PAYP-USDTshort0.0000%8h17.6600.000%$2K$1.9M10x
HTX PAYP-USDT0.0000%8h17.620−0.227%$8K$3K10xas long as short
KuCoin PAYPUSDTMlong+0.0100%8h17.660long leg$61K$87K20x