Settings8H · net · $10k
Funding arb · Price arb /

牛来

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0318%/8h= +34.8% APRnext payment +$1.59 per $10,000 · paid last 24h −0.104%
Price spread now: SunX against Gate+0.423%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$306as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1441.445% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.611%−$161 on $10k
Price spread, last 4 days (all we have)+0.546%+$55 · spread now +0.423%, 7d avg +0.066%
Together, before fees−1.065%−$107 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and SunX is 0.357% dearer against Gate than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.066%. Mind the row above: over the last 7 days funding on this pair cost −1.611%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate 牛来_USDT0.1064−0.0218get 0.0109% / 4h3h 33m$2.9M$5.1M20x
ShortSunX 牛来-USDT0.10680.0100get 0.0050% / 4h3h 33m$1K$377K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$66.78
Price spread: +0.423% → +0.066%
$35.71
Slippage, 4 orders
−$121.46
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$41.97
Costs to cover
1.445%
Break-even
11.4 days
Slippage from Gate: live order book, 4 min ago; SunX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago4.19 bp38.7 bp −$39576.9 bp −$5,769doesn't fitdoesn't fit
Sell SunX live order book, 7 min ago20.43 bp36.8 bp −$37doesn't fitdoesn't fitdoesn't fit

牛来 on 6 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate 牛来_USDTlong−0.0218%4h0.1064long leg$2.9M$5.1M20x
SunX 牛来-USDTshort+0.0100%4h0.1068+0.423%$1K$377K10x
HTX 牛来-USDT+0.0100%4h0.1070+0.564%$119K$839K20xas long as short
Binance 牛来USDT+0.0137%4h0.1064+0.056%$32.0M$79.8M10xas long as short
Aster 牛来USDT+0.0420%4h0.1065+0.165%$594K$439K10xas long as short
Bitget 牛来USDT+0.0848%4h0.1066+0.188%$1.8M$5.0M10xas long as short