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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0164%/8h= −18.0% APRnext payment $0.82 per $10,000 · paid last 24h −0.146%
Price spread now: SunX against Gate+0.480%7-day average −0.115% · 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−0.916%−$92 on $10k
Price spread, last 4 days (all we have)−0.814%−$81 · spread now +0.480%, 7d avg −0.115%
Together, before fees−1.730%−$173 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.595% dearer against Gate than usual: you sell high and buy low (spread +0.480% now, against its 7-day average of −0.115%): +$60 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.916% in total) that is about 4.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate 4_USDT0.020000.0264pay 0.0132% / 4h2h 34m$532K$299K20x
ShortSunX 4-USDT0.020100.0100get 0.0050% / 4h2h 34m$2K$1.4M20x

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
−$34.44
Price spread: +0.480% → −0.115%
$59.5
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
$2.06
Costs to cover
0.230%
Break-even
from the start
Slippage unknown: Gate: live order book, 11 min ago; SunX: live order book, 10 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 Gate live order book, 11 min ago5.73 bp417.0 bp −$417doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 10 min ago503.24 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
Bybit 4USDT+0.0100%4h0.01993−0.355%$2.6M$2.0M5xas long as short
Variational Omni 4+0.0100%4h0.02004+0.174%$45K$8Kas long as short
SunX 4-USDTshort+0.0100%4h0.02010+0.480%$2K$1.4M20x
Aster 4USDT+0.0207%4h0.01999−0.064%$237K$112K5xas long as short
BingX 4-USDT+0.0252%4h0.02001+0.020%$1.4Mas long as short
Gate 4_USDTlong+0.0264%4h0.02000long leg$532K$299K20x
MEXC 4_USDT+0.0266%4h0.01997−0.170%$1.6M$910K100xas long as short
Binance 4USDT+0.0276%4h0.01995−0.264%$7.8M$13.3M20xas long as short
KuCoin 4USDTM+0.0548%4h0.01996−0.220%$881K$12.5M20xas long as short