Funding you earn now, next payment 12:00 UTC−0.0264%/8h= −28.9% APRnext payment −$1.32 per $10,000 · paid last 24h −0.052%
Price spread now: SunX against Gate+0.282%53s7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2202.203% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.282%, 7d avg +0.134%
=The price spread pays, funding is against you. SunX is 0.148% dearer against Gate than usual: you sell high and buy low (spread +0.282% now, against its 7-day average of +0.134%): +$15 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.062% in total) that is about 17 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BR_USDT | 1.1588 | 0.0364 | pay 0.0182% / 4h | 47m 25s | $7.7M | $6.4M | 20x |
| Short | SunX BR-USDT | 1.1620 | 0.0100 | get 0.0050% / 4h | 47m 25s | — | $673K | 10x |
Gate BR_USDT
SunX BR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$55.44
- Price spread: +0.282% → +0.134%
- $14.78
- Slippage, 4 orders
- −$197.28
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$260.94
- Costs to cover
- 2.203%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; SunX: live order book, 47 min ago.
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 Gate live order book, 4 min ago | 1.68 bp | 35.7 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 47 min ago | 46.63 bp | 73.2 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
BR on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BR-USDT | +0.0080% | 4h | 1.1588 | −0.001% | — | $4.6M | — | as long as short |
| Aster BRUSDT | +0.0100% | 4h | 1.1571 | −0.143% | $699K | $1.8M | 5x | as long as short |
| Bybit BRUSDT | +0.0100% | 4h | 1.1580 | −0.066% | $11.3M | $15.1M | 5x | as long as short |
| KuCoin BRUSDTM | +0.0100% | 4h | 1.1587 | −0.006% | $5.1M | $3.2M | 30x | as long as short |
| Variational Omni BR | +0.0100% | 4h | 1.1617 | +0.251% | $274K | $273K | — | as long as short |
| SunX BR-USDTshort | +0.0100% | 4h | 1.1620 | +0.282% | — | $673K | 10x | |
| HTX BR-USDT | +0.0100% | 4h | 1.1652 | +0.557% | $88K | $192K | 20x | as long as short |
| Bitget BRUSDT | +0.0190% | 4h | 1.1586 | −0.010% | $8.4M | $5.8M | 10x | as long as short |
| Gate BR_USDTlong | +0.0364% | 4h | 1.1588 | long leg | $7.7M | $6.4M | 20x | |
| Binance BRUSDT | +0.0398% | 4h | 1.1585 | −0.021% | $54.7M | $97.7M | 25x | as long as short |
BingX BR-USDT
Aster BRUSDT
Bybit BRUSDT
KuCoin BRUSDTM
Variational Omni BR
HTX BR-USDT
Bitget BRUSDT
Binance BRUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BR_USDT | +0.0404% | 4h | 1.1578 | −0.087% | $15.8M | $4.4M | 100x | as long as short |
MEXC BR_USDT