Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget−0.131%50s7-day average −0.084% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 3 days (all we have)−0.068%−$7 · spread now −0.131%, 7d avg −0.084%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.047% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.084%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06896	0.0100	pay 0.0050% / 4h	3h 13m	$1.3M	$357K	25x
Short	SunX BASED-USDT	0.06887	0.0100	get 0.0050% / 4h	3h 13m	$1K	$843K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee SunXbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → −0.084%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.7
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; SunX: live order book, 38 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	5.07 bp	26.8 bp −$27	121.2 bp −$1,212	doesn't fit	doesn't fit
Sell SunX live order book, 38 min ago	500.84 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BASED on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BASED-USDT	+0.0087%	4h	0.06894	−0.029%	$254K	$41K	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06888	−0.116%	$2.1M	$602K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06894	−0.029%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06888	−0.116%	$548K	$548K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06897	+0.015%	$575K	$56K	20x	as long as short
Bitget BASEDUSDTlong	+0.0100%	4h	0.06896	long leg	$1.3M	$357K	25x
Variational Omni BASED	+0.0100%	4h	0.06877	−0.269%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06862	−0.489%	$91K	$382K	10x	as long as short
SunX BASED-USDTshort	+0.0100%	4h	0.06887	−0.131%	$1K	$843K	20x
BingX BASED-USDT	+0.0122%	4h	0.06894	−0.029%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BASED_USDT	+0.0134%	4h	0.06895	−0.015%	$4.9M	$652K	50x	as long as short
Extended BASED-USD	+0.0136%	1h	0.06895	−0.008%	$4K	$204K	5x	as long as short
Binance BASEDUSDT	+0.0138%	4h	0.06892	−0.058%	$4.2M	$3.0M	25x	as long as short
Orderly PERP_BASED_USDC	+0.0297%	4h	0.06896	0.000%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0403%	4h	0.06891	−0.070%	$29K	$6K	5x	as long as short