Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 15.521 | +0.2165 | pay 0.2165% / 8h | 5h 50m | $873K | $199K | 25x | Long Bybit | |
| SHORT | 15.494 | 0 | 0.0000% / 8h | 5h 50m | — | $733K | 10x | Short SunX≤10% back |
Price gap−0.174%46s
Funding gap−0.2165% /8h
The gap pays +$21 on $10k if it goes back to its 7d average, but funding costs $65 a day and eats that in about 8 hours. At the last 7 days' pace that is about 3.0 days.
The two prices were read 46 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$3−0.2165% /8h now · paid −0.029% over the last 10 hours (all we have)
Price—spread −0.174%46s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 10 hours it paid −0.029% in total, about −0.0227%/8h on average.
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
SunX price against Bybitnow
RANGE STATS · 7D
Now−0.174%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSECZ on 7 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than SunX’s order book right now.
- Note: Margin at max leverage$400 + $1,000Bybit 25x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$64.95Long Bybit: 3 payments, −$64.95; short SunX: 3 payments, $0.00.
- Watch: Prices read 46 s apart−0.174% vs −0.380%Part of this gap may be the market moving.
- Watch: Short leg is thinner— vs $873K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Yes · SunX NoStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0227%/8h × 21 periods−$47.57
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Bybit bp × 2 orders−$11.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: Bybit: live order book, 24 min ago; SunX: live order book, 17 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit13.9472.6 bp−$73491.9 bp−$4,919doesn’t fitdoesn’t fit
SELL · SHORTSunX496.85doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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