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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0315%/8h= −34.5% APRnext payment $1.58 per $10,000 · paid last 24h −0.039%
Price spread now: SunX against Bybit+0.532%56s7-day average −0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.506%−$51 on $10k
Price spread, last 3 days (all we have)−0.668%−$67 · spread now +0.532%, 7d avg −0.013%
Together, before fees−1.174%−$117 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.545% dearer against Bybit than usual: you sell high and buy low (spread +0.532% now, against its 7-day average of −0.013%): +$55 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 5.8 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 4USDT0.020280.0415pay 0.0208% / 4h1h 55m$2.7M$1.9M5x
ShortSunX 4-USDT0.020390.0100get 0.0050% / 4h1h 55m$2K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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
−$66.16
Price spread: +0.532% → −0.013%
$54.51
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee SunX: 4 bp × 2 orders
−$8
Net
−$30.65
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Bybit: live order book, 2 min ago; SunX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago6.90 bp247.8 bp −$248doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 8 min ago501.46 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

4 on 9 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
Variational Omni 4+0.0100%4h0.02041+0.617%$46K$9Kas long as short
SunX 4-USDTshort+0.0100%4h0.02039+0.532%$2K$1.2M20x
Gate 4_USDT+0.0398%4h0.02031+0.163%$546K$276K20xas long as short
Aster 4USDT+0.0402%4h0.02032+0.187%$243K$113K5xas long as short
Bybit 4USDTlong+0.0415%4h0.02028long leg$2.7M$1.9M5x
Binance 4USDT+0.0418%4h0.02029+0.039%$7.8M$12.4M20xas long as short
MEXC 4_USDT+0.0420%4h0.02029+0.039%$1.6M$900K100xas long as short
BingX 4-USDT+0.0430%4h0.02027−0.074%$1.4Mas long as short
KuCoin 4USDTM+0.0774%4h0.02032+0.187%$857K$12.6M20xas long as short