Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 4,021.7 | +0.0100 | pay 0.0050% / 4h | 3h 55m | $219K | $103K | 20x | Long Orderly | |
| SHORT | 4,031.2 | 0 | 0.0000% / 4h | 3h 55m | $85K | $4.6M | 20x | Short SunX≤10% back |
Price gap+0.237%
Funding gap−0.0100% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 28 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$21−0.0100% /8h now · paid −0.205% over the last 7D
Price+$3spread +0.237% now, avg +0.203% → +0.035% if it goes back
Costsno datano order book for Orderly
Result, before costs−$17−0.17%no pointscosts unknown: no order book for Orderly · What the last 7D really paid, hour by hour → backtest
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+0.237%
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
/8hXAU on 44 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for Orderly: its slippage is not counted.
- Note: Margin at max leverage$500 + $500Orderly 20x, SunX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$3.00Long Orderly: 6 payments, −$3.00; short SunX: 6 payments, $0.00.
- OK: Entry gap works for you+0.237% vs +0.203%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$85K vs $219K 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 legOrderly No · SunX NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0098%/8h × 21 periods−$20.53
Price spread+0.237% → +0.203% (7d avg)+$3.45
Slippage, 4 ordersno data for Orderly—
Fee Orderly bp × 2 orders−$6.00
Fee SunX bp × 2 orders−$8.00
Net, fees only · 7 days · $10k−$31.08
Costs to cover0.140%Break-evennever at this rate
Slippage: Orderly: no order-book sample; SunX: live order book, 13 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOrderly—————
SELL · SHORTSunX21.3227.5 bp−$2745.1 bp−$451doesn’t fitdoesn’t fit
Closing costs about the same again.
Orderly: no data.
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