Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 363.60 | 0 | 0.0000% / 8h | 1h 09m | $931 | $309K | 10x | Long SunX≤10% back | |
| SHORT | 363.53 | −0.0050 | pay 0.0050% / 8h | 1h 09m | $909K | $1.2M | — | Short BingX |
Price gap−0.019%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.073% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0−0.0050% /8h now · paid +0.001% over the last 7D
Price−$7spread −0.019% now, avg +0.054% → −0.073% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$7−0.07%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.019%
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
/8hV on 13 exchanges
lowest funding firstBefore 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$1,000 + —SunX 10x, BingX —. 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: −$1.50Long SunX: 3 payments, $0.00; short BingX: 3 payments, −$1.50.
- Watch: Gap narrower than usual−0.019% vs +0.054%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$931 vs $909K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCSunX No · BingX YesAdvanced 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+0.0001%/8h × 21 periods+$0.11
Price spread−0.019% → +0.054% (7d avg)−$7.32
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee SunX bp × 2 orders−$8.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: SunX: live order book, 44 min ago; BingX: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGSunX500.17doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX13.6125.2 bp−$2544.2 bp−$442122.5 bp−$12.3K590.6 bp−$295.3K
Closing costs about the same again.
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