Funding you earn now, next payment 04:00 UTC+0.0585%/8h= +64.1% APRnext payment +$2.92 per $10,000 · paid last 24h +0.180%
Price spread now: Binance against SunX−0.180%46s7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$302as 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−$3383.375% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 3 days (all we have)+0.075%+$7 · spread now −0.180%, 7d avg −0.150%
=Funding pays, the price is against you. Binance is 0.030% cheaper against SunX than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of −0.150%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.351% in total) that is about 14 hours. 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 0.351% in total (about 18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.92 per $10,000. 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 SLX-USDT | 0.06669 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $798 | $439K | 20x |
| Short | Binance SLXUSDT | 0.06657 | 0.0685 | get 0.0342% / 4h | 2h 04m | $2.6M | $3.0M | 25x |
SunX SLX-USDT
Binance SLXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $122.85
- Price spread: −0.180% → −0.150%
- −$2.99
- Slippage, 4 orders
- −$319.53
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$217.67
- Costs to cover
- 3.375%
- Break-even
- 19.4 days
Slippage from SunX: live order book, 36 min ago; Binance: live order book, 16 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, 36 min ago | 92.35 bp | 114.2 bp −$114 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.50 bp | 15.8 bp −$16 | 122.3 bp −$1,223 | doesn't fit | doesn't fit |
SLX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SLXUSDTM | +0.0100% | 4h | 0.06654 | −0.225% | $975K | $1.7M | 20x | as long as short |
| SunX SLX-USDTlong | +0.0100% | 4h | 0.06669 | long leg | $798 | $439K | 20x | |
| Bitget SLXUSDT | +0.0206% | 4h | 0.06659 | −0.150% | $1.0M | $290K | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0319% | 4h | 0.06656 | −0.195% | $1.8M | $1.7M | 20x | as long as short |
| Gate SLX_USDT | +0.0394% | 4h | 0.06657 | −0.180% | $306K | $684K | 25x | as long as short |
| MEXC SLX_USDT | +0.0676% | 4h | 0.06650 | −0.285% | $1.8M | $234K | 20x | as long as short |
| Binance SLXUSDTshort | +0.0685% | 4h | 0.06657 | −0.180% | $2.6M | $3.0M | 25x | |
| Aster SLXUSDT | +0.0746% | 4h | 0.06646 | −0.341% | $15K | $27K | 10x | as long as short |
| BingX SLX-USDT | +0.1956% | 4h | 0.06647 | −0.330% | — | $1.7M | — | as long as short |
| Bybit SLXUSDT | +0.2111% | 4h | 0.06636 | −0.495% | $968K | $384K | 20x | as long as short |
KuCoin SLXUSDTM
Bitget SLXUSDT
OKX SLX-USDT-SWAP
Gate SLX_USDT
MEXC SLX_USDT
Aster SLXUSDT
BingX SLX-USDT
Bybit SLXUSDT