Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 47.820 | +0.1473 | pay 0.1473% / 8h | 3h 48m | $910K | $1.4M | — | Long BingX | |
| SHORT | 47.920 | 0 | 0.0000% / 8h | 3h 48m | $978 | $392K | 10x | Short SunX≤10% back |
Price gap+0.209%
Funding gap−0.1473% /8h
The gap pays +$26 on $10k if it goes back to its 7d average, but funding costs $44 a day and eats that in about 14 hours. At the last 7 days' pace that is about 11 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$16−0.1473% /8h now · paid −0.163% over the last 7D
Price+$26spread +0.209% now, avg −0.050% → +0.259% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$10+0.10%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.163% in total, about −0.0077%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.209%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hURNM on 16 exchanges
lowest funding firstBefore you open
2 ok · 3 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— + $1,000BingX —, 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: −$44.19Long BingX: 3 payments, −$44.19; short SunX: 3 payments, $0.00.
- OK: Entry gap works for you+0.209% vs −0.050%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$978 vs $910K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · SunX NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0077%/8h × 21 periods−$16.25
Price spread+0.209% → −0.050% (7d avg)+$25.88
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee BingX bp × 2 orders−$10.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: BingX: live order book, 13 min ago; SunX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX13.6036.0 bp−$36108.4 bp−$1,084506.8 bp−$50.7K954.0 bp−$477.0K
SELL · SHORTSunX501.30doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-24 03:07 | Bitget | Listing | Warner Bros $WBD and Sprott Uranium Miners ETF $URNM are now tradable on Bitget stock perps ⤵️ @bitget on X ↗ |
| 09-23 14:12 | Bitget | Listing | new market URNMUSDT ($URNM) seen by our collector |
| 09-22 12:18 | Bybit | Listing | new market URNMUSDT ($URNM) seen by our collector |
| 09-21 13:35 | gTrade (Gains Network) | Listing | new market URNM/USD ($URNM) seen by our collector |


Bitget
Bybit
gTrade (Gains Network)