Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 16.830 | 0 | 0.0000% / 8h | 6h 12m | $934 | $252K | 10x | Long SunX≤10% back | |
| SHORT | 16.890 | −0.0001 | 0.0000% / 1h | 12m 44s | $370K | $59K | 30x | Short QFEX |
Price gap+0.357%
Funding gap−0.0001% /8h
Funding is ≈ 0 and the gap is 1.535% under its 7d average: the price leg works against you, −$153 on $10k if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0001% /8h now · paid 0.000% over the last 5 days (all we have)
Price−$153spread +0.357% now, avg +1.891% → −1.535% if it goes back
Costs−$3173.171% of $10k · taker + slippage, in and out
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now+0.357%
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
/8hUVXY on 16 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size89.2 / 67.1 bpAt $10k entering SunX costs 89.2 bp, fee and slippage, 1.3× QFEX’s.
- Note: Margin at max leverage$1,000 + $333SunX 10x, QFEX 30x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$0.03Long SunX: 3 payments, $0.00; short QFEX: 24 payments, −$0.03.
- Watch: Gap narrower than usual+0.357% vs +1.891%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$934 vs $370K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legSunX No · QFEX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods+$0.01
Price spread+0.357% → +1.891% (7d avg)−$153.48
Slippage, 4 orderslive order books−$299.06
Fee SunX bp × 2 orders−$8.00
Fee QFEX bp × 2 orders−$10.00
Net · 7 days · $10k−$470.53
Costs to cover3.171%Break-even350962.5 days
Slippage: SunX: live order book, 2 min ago; QFEX: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX50.4389.2 bp−$89doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTQFEX2.9667.1 bp−$67doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.