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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0718%/8h= +78.6% APRnext payment +$3.59 per $10,000 · paid last 24h +0.006%
Price spread now: Bybit against SunX+0.105%7-day average +0.015% · 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+0.479%+$48 on $10k
Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.105%, 7d avg +0.015%
Together, before fees+0.501%+$50 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Bybit is 0.090% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.015%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.479% in total (about 25.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX 4-USDT0.021840.0100pay 0.0050% / 4h50m 18s$1K$1.0M20x
ShortBybit 4USDT0.021860.0818get 0.0409% / 4h50m 18s$2.9M$1.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$150.76
Price spread: +0.105% → +0.015%
$8.99
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$140.75
Costs to cover
0.190%
Break-even
0.5 days
Slippage unknown: SunX: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago493.68 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago3.21 bp240.5 bp −$240648.3 bp −$6,483doesn'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%4h0.02184+0.013%$53K$5Kas long as short
SunX 4-USDTlong+0.0100%4h0.02184long leg$1K$1.0M20x
Aster 4USDT+0.0451%4h0.02184+0.009%$250K$95K5xas long as short
Gate 4_USDT+0.0552%4h0.02193+0.412%$598K$236K20xas long as short
MEXC 4_USDT+0.0560%4h0.02190+0.275%$1.9M$847K100xas long as short
Binance 4USDT+0.0568%4h0.02190+0.293%$8.4M$11.1M20xas long as short
KuCoin 4USDTM+0.0680%4h0.02185+0.046%$954K$13.1M20xas long as short
BingX 4-USDT+0.0768%4h0.02190+0.252%$1.4Mas long as short
Bybit 4USDTshort+0.0818%4h0.02186+0.105%$2.9M$1.7M5x