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: Bitget against SunX−0.073%7-day average +0.084% · you buy dearer than you sell

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

Long on SunX Short on Bitget

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)+0.228%+$23 · spread now −0.073%, 7d avg +0.084%

Together, before fees+0.240%+$24 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: Bitget is 0.157% cheaper against SunX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06894	0.0100	pay 0.0050% / 4h	2h 07m	$1K	$883K	20x
Short	Bitget BASEDUSDT	0.06889	0.0100	get 0.0050% / 4h	2h 07m	$1.3M	$387K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee SunXbpFee BitgetbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → +0.084%: −$15.7
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$35.7
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 35 min ago; Bitget: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 35 min ago	501.50 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.53 bp	20.8 bp −$21	78.9 bp −$789	doesn't fit	doesn't fit

BASED on 14 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
Binance BASEDUSDT	+0.0100%	4h	0.06894	+0.004%	$4.3M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06885	−0.131%	$2.1M	$662K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06890	−0.058%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06881	−0.189%	$541K	$577K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06892	−0.029%	$4.9M	$630K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06878	−0.232%	$571K	$71K	20x	as long as short
Bitget BASEDUSDTshort	+0.0100%	4h	0.06889	−0.073%	$1.3M	$387K	25x
BingX BASED-USDT	+0.0100%	4h	0.06884	−0.145%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06864	−0.431%	$94K	$17K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06857	−0.530%	$93K	$372K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDTlong	+0.0100%	4h	0.06894	long leg	$1K	$883K	20x
Extended BASED-USD	+0.0104%	1h	0.06892	−0.034%	$3K	$200K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0249%	4h	0.06892	−0.029%	$3K	$664	10x	as long as short
Aster BASEDUSDT	+0.0290%	4h	0.06885	−0.133%	$29K	$6K	5x	as long as short