Funding arb · Price arb /

TEAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.028%

Price spread now: Binance against SunX+0.100%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$3203.203% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 2 days (all we have)−0.129%−$13 · spread now +0.100%, 7d avg −0.023%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.123% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TEAM-USDT	196.48	0	get 0.0000% / 8h	0m 39s	—	$876K	10x
Short	Binance TEAMUSDT	196.68	0	get 0.0000% / 8h	0m 39s	$69K	$441K	20x

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

Position, each leg$Hold fordaysFee SunXbpFee BinancebpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → −0.023%: $12.29
Slippage, 4 orders: −$302.33
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$308.05
Costs to cover: 3.203%
Break-even: never at this rate

Slippage from SunX: live order book, 52 min ago; Binance: live order book, 1 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 SunX live order book, 52 min ago	74.54 bp	162.1 bp −$162	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	6.36 bp	32.7 bp −$33	163.2 bp −$1,632	doesn't fit	doesn't fit

TEAM on 10 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
edgeX TEAMUSDC	−0.0890%	4h	196.53	+0.025%	—	$25K	10x	as long as short
BloFin TEAM-USDT	−0.0008%	8h	196.41	−0.036%	$13K	$14K	20x	as long as short
Binance TEAMUSDTshort	0.0000%	8h	196.68	+0.100%	$69K	$441K	20x
Bybit TEAMUSDT	0.0000%	8h	196.61	+0.066%	$43K	$157K	25x	as long as short
OKX TEAM-USDT-SWAP	0.0000%	8h	196.69	+0.107%	$15K	$441K	20x	as long as short
Gate TEAM_USDT	0.0000%	8h	196.34	−0.071%	$17K	$13K	20x	as long as short
Bitget TEAMUSDT	0.0000%	8h	196.42	−0.031%	$52K	$109K	20x	as long as short
SunX TEAM-USDTlong	0.0000%	8h	196.48	long leg	—	$876K	10x
HTX TEAM-USDT	0.0000%	8h	196.55	+0.036%	$6K	$326K	20x	as long as short
Extended TEAM-USD	+0.0040%	1h	195.44	−0.531%	—	—	5x	as long as short