Funding arb · Price arb /

SUN

all SUN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Injective−6.454%55s7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. KuCoin is 6.454% cheaper against Injective than usual: you would sell low and buy high (spread −6.454% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$645 on $10k: about 11 months of funding at the current rate (+$2 a day). The two prices were read 55 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	Injective SUN/USDC PERP	0.01861	0.0033	pay 0.0004% / 1h	16m 13s	—	$16	5.5x
Short	KuCoin SUNUSDTM	0.01741	0.0100	get 0.0050% / 4h	16m 13s	$315K	$55K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −6.454%Rate

Funding earned: $14
Price spread: −6.454% → 0.000%: −$645.35
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$643.37
Costs to cover: 0.120%
Break-even: 328.7 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 65 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 65 min ago	58.93 bp	251.4 bp −$251	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SUN on 12 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
Injective SUN/USDC PERPlong	+0.0033%	1h	0.01861	long leg	—	$16	5.5x
BloFin SUN-USDT	+0.0051%	4h	0.01744	−6.282%	$132K	$40K	50x	as long as short
Binance SUNUSDT	+0.0100%	4h	0.01744	−6.311%	$2.0M	$1.4M	50x	as long as short
Bybit SUNUSDT	+0.0100%	4h	0.01742	−6.378%	$1.4M	$401K	50x	as long as short
Gate SUN_USDT	+0.0100%	8h	0.01744	−6.308%	$127K	$60K	50x	as long as short
MEXC SUN_USDT	+0.0100%	4h	0.01743	−6.314%	$11.8M	$275K	125x	as long as short
KuCoin SUNUSDTMshort	+0.0100%	4h	0.01741	−6.454%	$315K	$55K	20x
Bitget SUNUSDT	+0.0100%	4h	0.01742	−6.373%	$462K	$132K	50x	as long as short
BingX SUN-USDT	+0.0100%	4h	0.01743	−6.314%	—	$2.3M	—	as long as short
Variational Omni SUN	+0.0100%	4h	0.01742	−6.412%	$144K	$58	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SUN-USDT	+0.0100%	4h	0.01744	−6.292%	$26K	$1.1M	20x	as long as short
HTX SUN-USDT	+0.0100%	4h	0.01740	−6.497%	$319K	$36K	50x	as long as short