Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG5.2021+0.3750pay 0.3750% / 8h4h 51m$5.2M$13.4M100xLong Binance
SHORT4.858900.0000% / 8h4h 51m—$6.9M10xShort SunX≤10% back
Price gap−6.598%
Funding gap−0.3750% /8h

Both sides work against this direction now: funding costs $113 a day on $10k and the gap is 6.681% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$4−0.3750% /8h now · paid +0.043% over the last 7D
Price−$668spread −6.598% now, avg +0.083% → −6.681% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$664−6.64%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 +0.043% in total, about +0.0020%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−6.598%
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

/8h

USDBRL on 7 exchanges

lowest funding first

Before 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$100 + $1,000
    Binance 100x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$112.50Long Binance: 3 payments, −$112.50; short SunX: 3 payments, $0.00.
  • Watch: Gap narrower than usual−6.598% vs +0.083%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner— vs $5.2M OI
    SunX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Yes · SunX No
    Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0020%/8h × 21 periods+$4.30
Price spread−6.598% → +0.083% (7d avg)−$668.12
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Binance bp × 2 orders−$8.00
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k—
doesn’t fit the books at $10k
Costs to cover—Break-even—
Slippage: Binance: live order book, 14 min ago; SunX: live order book, 12 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance1.145.7 bp−$67.3 bp−$73doesn’t fitdoesn’t fit
SELL · SHORTSunX900.14doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

USDBRL news

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