Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 32.550 | +0.0514 | pay 0.0514% / 8h | 5h 46m | $112K | $975K | 20x | Long Binance | |
| SHORT | 32.730 | 0 | 0.0000% / 8h | 5h 46m | — | $1.6M | 10x | Short SunX≤10% back |
Price gap+0.553%51s
Funding gap−0.0514% /8h
Both sides work against this direction now: funding costs $15 a day on $10k and the gap is 0.157% 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+$4−0.0514% /8h now · paid +0.042% over the last 7D
Price—spread +0.553%51s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.042% in total, about +0.0020%/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+0.553%
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
/8hZCSH on 7 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$500 + $1,000Binance 20x, 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: −$15.43Long Binance: 3 payments, −$15.43; short SunX: 3 payments, $0.00.
- Watch: Prices read 51 s apart+0.553% vs +0.710%Part of this gap may be the market moving.
- Watch: Short leg is thinner— vs $112K OISunX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBinance Yes · SunX NoVerified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0020%/8h × 21 periods+$4.17
Price spreadprices read too far apart to compare—
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 $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: Binance: live order book, 11 min ago; SunX: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBinance1.5357.1 bp−$57doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTSunX69.05doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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