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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0317%/8h= +34.7% APRnext payment +$1.59 per $10,000 · paid last 24h +0.111%
Price spread now: BingX against SunX+0.544%7-day average +0.160% · 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+0.836%+$84 on $10k
Price spread, last 4 days (all we have)−0.669%−$67 · spread now +0.544%, 7d avg +0.160%
Together, before fees+0.166%+$17 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 BingX is 0.384% dearer against SunX than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.160%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX 4-USDT0.020210.0100pay 0.0050% / 4h3h 03m$2K$1.5M20x
ShortBingX 4-USDT0.020320.0417get 0.0209% / 4h3h 03m$1.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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
$66.61
Price spread: +0.544% → +0.160%
$38.4
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
$87.01
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: SunX: live order book, 12 min ago; BingX: live order book, 4 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 SunX live order book, 12 min ago503.70 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 4 min ago30.25 bp46.2 bp −$46112.0 bp −$1,120doesn'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%4h0.02021+0.005%$2.7M$2.1M5xas long as short
Variational Omni 4+0.0100%4h0.02022+0.050%$48K$12Kas long as short
SunX 4-USDTlong+0.0100%4h0.02021long leg$2K$1.5M20x
KuCoin 4USDTM+0.0190%4h0.02022+0.049%$891K$12.1M20xas long as short
Aster 4USDT+0.0380%4h0.02023+0.089%$238K$118K5xas long as short
BingX 4-USDTshort+0.0417%4h0.02032+0.544%$1.4M
MEXC 4_USDT+0.0456%4h0.02023+0.099%$1.9M$994K100xas long as short
Binance 4USDT+0.0466%4h0.02021−0.020%$8.0M$14.4M20xas long as short
Gate 4_USDT+0.0888%4h0.02024+0.143%$555K$335K20xas long as short