Funding you earn now, next payment 09:00 UTC−0.0430%/8h= −47.1% APRnext payment −$0.54 per $10,000 · paid last 24h +0.007%
Price spread now: tradeXYZ against SunX+0.032%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$2632.629% of the position
Funding, last 4 days (all we have)+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.032%, 7d avg +0.002%
=Together, before fees−0.024%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.030% dearer against SunX than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.002%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 4 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.051% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX TLT-USDT | 81.730 | 0 | get 0.0000% / 1h | 36m 46s | — | $2.4M | 10x |
| Short | tradeXYZ xyz:TLT | 81.756 | −0.0430 | pay 0.0054% / 1h | 36m 46s | $545K | $335K | 20x |
SunX TLT-USDT
tradeXYZ xyz:TLTFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$90.24
- Price spread: +0.032% → +0.002%
- $2.98
- Slippage, 4 orders
- −$236.93
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$350.19
- Costs to cover
- 2.629%
- Break-even
- never at this rate
Slippage from SunX: live order book, 10 min ago; tradeXYZ: live order book, 10 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, 10 min ago | 90.80 bp | 108.7 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 11.33 bp | 24.0 bp −$24 | 28.0 bp −$280 | doesn't fit | doesn't fit |
TLT on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:TLTshort | −0.0430% | 1h | 81.756 | +0.032% | $545K | $335K | 20x | |
| BloFin TLT-USDT | −0.0022% | 8h | 82.070 | +0.416% | $27K | $6K | 25x | as long as short |
| Bybit TLTUSDT | 0.0000% | 8h | 81.830 | +0.122% | $53K | $31K | 25x | as long as short |
| Gate TLT_USDT | 0.0000% | 8h | 82.060 | +0.404% | $346K | $12K | 50x | as long as short |
| MEXC TLT_USDT | 0.0000% | 8h | 81.920 | +0.232% | $130K | $93K | 20x | as long as short |
| Bitget TLTUSDT | 0.0000% | 8h | 81.830 | +0.122% | $8K | $13K | 20x | as long as short |
| SunX TLT-USDTlong | 0.0000% | 1h | 81.730 | long leg | — | $2.4M | 10x | |
| HTX TLT-USDT | 0.0000% | 1h | 81.814 | +0.103% | $4K | $372K | 20x | as long as short |
BloFin TLT-USDT
Bybit TLTUSDT
Gate TLT_USDT
MEXC TLT_USDT
Bitget TLTUSDT
HTX TLT-USDT