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+0.0180%/8h= +19.7% APRnext payment +$0.90 per $10,000 · paid last 24h +0.144%
Price spread now: Gate against SunX−0.241%7-day average +0.123% · you buy dearer than you sell
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+0.870%+$87 on $10k
Price spread, last 3 days (all we have)+0.442%+$44 · spread now −0.241%, 7d avg +0.123%
Together, before fees+1.312%+$131 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.364% cheaper against SunX than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of +0.123%). If the spread goes back, that is −$36 on $10k: about 6.7 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.870% in total) that is about 2.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX 4-USDT0.022410.0100pay 0.0050% / 4h2h 25m$2K$960K20x
ShortGate 4_USDT0.022360.0280get 0.0140% / 4h2h 25m$610K$230K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$37.8
Price spread: −0.241% → +0.123%
−$36.37
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$21.57
Costs to cover
0.230%
Break-even
11.0 days
Slippage unknown: SunX: live order book, 57 min ago; Gate: live order book, 61 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, 57 min ago501.88 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 61 min ago12.36 bp1120.1 bp −$1,120doesn'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%4h0.02239−0.076%$3.0M$1.6M5xas long as short
Variational Omni 4+0.0100%4h0.02241+0.017%$54K$9Kas long as short
SunX 4-USDTlong+0.0100%4h0.02241long leg$2K$960K20x
MEXC 4_USDT+0.0230%4h0.02240−0.045%$2.1M$808K100xas long as short
BingX 4-USDT+0.0238%4h0.02243+0.085%$1.3Mas long as short
Binance 4USDT+0.0239%4h0.02240−0.057%$8.7M$10.3M20xas long as short
Gate 4_USDTshort+0.0280%4h0.02236−0.241%$610K$230K20x
Aster 4USDT+0.0365%4h0.02238−0.114%$255K$92K5xas long as short
KuCoin 4USDTM+0.0450%4h0.02238−0.134%$931K$13.2M20xas long as short