Funding you earn now, next payment 00:00 UTC+0.0425%/8h= +46.6% APRpaid last 24h +0.181%
Price spread now: Bybit against SunX−0.004%46s7-day average +0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as 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−$1391.395% of the position
Funding, last 7 days+0.270%+$27 on $10k
+Price spread, last 3 days (all we have)+0.241%+$24 · spread now −0.004%, 7d avg +0.097%
=Funding pays, the price is against you. Bybit is 0.100% cheaper against SunX than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.097%). If the spread goes back, that is −$10 on $10k: about 19 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.270% in total) that is about 2.6 days. The two prices were read 46 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 0.270% in total (about 14.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX JST-USDT | 0.1123 | −0.0410 | get 0.0205% / 4h | 2h 10m | $429K | $1.4M | 20x |
| Short | Bybit JSTUSDT | 0.1123 | 0.0015 | get 0.0015% / 8h | 2h 10m | $1.8M | $1.4M | 75x |
SunX JST-USDT
Bybit JSTUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $89.33
- Price spread: −0.004% → +0.097%
- −$10.04
- Slippage, 4 orders
- −$120.47
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$60.19
- Costs to cover
- 1.395%
- Break-even
- 11.7 days
Slippage from SunX: live order book, 4 min ago; Bybit: live order book, 6 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 SunX live order book, 4 min ago | 8.73 bp | 19.7 bp −$20 | 53.2 bp −$532 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 3.12 bp | 44.1 bp −$44 | 228.5 bp −$2,285 | doesn't fit | doesn't fit |
JST on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX JST-USDTlong | −0.0410% | 4h | 0.1123 | long leg | $429K | $1.4M | 20x | |
| BingX JST-USDT | +0.0008% | 4h | 0.1124 | +0.101% | — | $2.3M | — | as long as short |
| Bybit JSTUSDTshort | +0.0015% | 8h | 0.1123 | −0.004% | $1.8M | $1.4M | 75x | |
| MEXC JST_USDT | +0.0036% | 4h | 0.1124 | +0.127% | $872K | $299K | 50x | as long as short |
| Binance JSTUSDT | +0.0037% | 4h | 0.1124 | +0.117% | $6.2M | $9.5M | 75x | as long as short |
| Gate JST_USDT | +0.0100% | 4h | 0.1124 | +0.092% | $171K | $84K | 25x | as long as short |
| Bitget JSTUSDT | +0.0100% | 4h | 0.1124 | +0.110% | $2.0M | $545K | 75x | as long as short |
| Variational Omni JST | +0.0100% | 8h | 0.1122 | −0.113% | $50K | $78K | — | as long as short |
| HTX JST-USDT | +0.0100% | 4h | 0.1123 | +0.032% | $976K | $57K | 75x | as long as short |
BingX JST-USDT
MEXC JST_USDT
Binance JSTUSDT
Gate JST_USDT
Bitget JSTUSDT
Variational Omni JST
HTX JST-USDT