Funding arb · Price arb /

SAMSUNG

RWAall SAMSUNG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.2465%/8h= −269.9% APRpaid last 24h −0.022%

Price spread now: tradeXYZ against BloFin+0.132%88s7-day average −0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.356% of the position

Long on BloFin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.132%, 7d avg −0.097%

Together, before fees−0.291%+ Points / potential airdroptradeXYZ: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.230% dearer against BloFin than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.097%): +$23 on $10k if it goes back. Holding the pair costs −$74 a day in funding at the current rate, which eats that in about 7 hours. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SAMSUNG-USDT	204.15	0.0045	pay 0.0023% / 4h	1h 59m	$324K	$305K	25x
Short	tradeXYZ xyz:SMSN	204.42	−0.2420	pay 0.0303% / 1h	59m 38s	$47.8M	$53.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee tradeXYZbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$517.71
Price spread: +0.132% → −0.097%: $22.96
Slippage, 4 orders: −$5.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$530.37
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from BloFin: live order book, 48 min ago; tradeXYZ: live order book, 3 min ago.

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 BloFin live order book, 48 min ago	0.25 bp	8.1 bp −$8	13.8 bp −$138	39.8 bp −$3,978	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.74 bp	10.1 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit

SAMSUNG on 24 exchanges

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
tradeXYZ xyz:SMSNshort	−0.2420%	1h	204.42	+0.132%	$47.8M	$53.7M	10x
Polymarket Perps SAMSUNG-USD	−0.1774%	1h	204.44	+0.142%	$45K	$51K	10x	as long as short
OKX SAMSUNG-USDT-SWAP	−0.1280%	8h	204.18	+0.015%	$5.7M	$24.0M	25x	as long as short
Aftermath Perps SAMSUNGUSD	−0.0427%	1h	204.52	+0.184%	$869	$29K	5x	as long as short
Bybit SAMSUNGUSDT	−0.0407%	8h	204.27	+0.059%	$8.7M	$16.2M	100x	as long as short
Pacifica SAMSUNG	−0.0297%	1h	204.29	+0.070%	$85K	$22K	10x	as long as short
edgeX SAMSUNGUSDC	−0.0246%	4h	204.11	−0.018%	$251K	$368K	10x	as long as short
KuCoin SAMSUNGUSDTM	−0.0240%	4h	204.18	+0.015%	$699K	$327K	20x	as long as short
Gate SAMSUNG_USDT	0.0000%	4h	204.29	+0.069%	$12.6M	$30.2M	75x	as long as short
Bitget SAMSUNGUSDT	0.0000%	4h	204.33	+0.088%	$4.1M	$17.6M	20x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SAMSUNG-USDT	0.0000%	4h	204.43	+0.137%	$1K	$513K	10x	as long as short
Phemex SAMSUNGUSDT	0.0000%	8h	204.49	+0.167%	$2.7M	$1.2M	10x	as long as short
BloFin SAMSUNG-USDTlong	+0.0045%	4h	204.15	long leg	$324K	$305K	25x
SoDEX SAMSUNG-USD	+0.0050%	1h	204.27	+0.059%	$3K	$3K	10x	as long as short
Ondo Perps SMSN-USD.P	+0.0050%	1h	203.61	−0.265%	$316K	$120K	10x	as long as short
Extended SAMSUNG-USD	+0.0056%	1h	204.18	+0.016%	$192K	$44K	10x	as long as short
Orderly PERP_SAMSUNG_USDC_mythos	+0.0078%	8h	204.19	+0.020%	$3K	$432	10x	as long as short
Binance SAMSUNGUSDT	+0.0083%	4h	204.32	+0.083%	$24.5M	$180.5M	25x	as long as short
Aster SAMSUNGUSDT	+0.0087%	4h	203.39	−0.374%	$106K	$111K	50x	as long as short
ApeX Omni SAMSUNGUSDT	+0.0100%	1h	203.58	−0.279%	$5K	$138K	50x	as long as short
Aevo SMSN-PERP	+0.0104%	1h	204.59	+0.217%	$32K	—	10x	as long as short
HTX SAMSUNG-USDT	+0.0607%	4h	204.27	+0.059%	$62K	$104K	20x	as long as short
Kraken Futures PF_SAMSUNGUSD	+0.0951%	1h	204.49	+0.168%	$47K	$15K	20x	as long as short
GRVT SAMSUNG_USDT_Perp	+0.1496%	4h	204.24	+0.044%	$22K	$234K	10x	as long as short