Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.7% APRnext payment +$0.72 per $10,000 · paid last 24h +0.015%
Price spread now: SunX against Bybit+0.130%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.130%, 7d avg +0.102%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.102%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XAUTUSDT | 4,345.1 | −0.0044 | get 0.0022% / 4h | 38m 10s | $120.0M | $28.0M | 75x |
| Short | SunX XAUT-USDT | 4,350.8 | 0.0100 | get 0.0050% / 4h | 38m 10s | $3K | $3.4M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bybit. 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
- $30.18
- Price spread: +0.130% → +0.102%
- $2.8
- Slippage, 4 orders
- −$56.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$42.7
- Costs to cover
- 0.757%
- Break-even
- 16.9 days
Slippage from Bybit: live order book, 1 min ago; SunX: live order book, 10 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 Bybit live order book, 1 min ago | 0.12 bp | 6.2 bp −$6 | 6.8 bp −$68 | 13.5 bp −$1,348 | doesn't fit |
| Sell SunX live order book, 10 min ago | 21.51 bp | 38.4 bp −$38 | 68.0 bp −$680 | doesn't fit | doesn't fit |
XAUT on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0332% | 1h | 4,344.7 | −0.010% | $56K | $29K | 20x | as long as short |
| MEXC XAUT_USDT | −0.0044% | 4h | 4,345.1 | 0.000% | $355.3M | $273.2M | 1000x | as long as short |
| Bitget XAUTUSDT | −0.0044% | 4h | 4,345.1 | −0.001% | $26.0M | $15.2M | 75x | as long as short |
| Bybit XAUTUSDTlong | −0.0044% | 4h | 4,345.1 | long leg | $120.0M | $28.0M | 75x | |
| Variational Omni XAUT | −0.0033% | 4h | 4,344.7 | −0.008% | $33.1M | $3.5M | — | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,346.3 | +0.028% | $130.6M | $8.1M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | +0.108% | $8K | $149K | 30x | as long as short |
| Extended XAUT-USD | +0.0040% | 1h | 4,344 | −0.026% | $272K | $213K | 25x | as long as short |
| Binance XAUTUSDT | +0.0042% | 4h | 4,345.1 | 0.000% | $35.1M | $45.5M | 75x | as long as short |
| BingX XAUT-USDT | +0.0046% | 4h | 4,345 | −0.003% | — | $17.8M | — | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX XAUT-USD | +0.0050% | 1h | 4,345.5 | +0.009% | $10.1M | $2.0M | 25x | as long as short |
| BloFin XAUT-USDT | +0.0093% | 4h | 4,344.7 | −0.009% | $2.3M | $1.6M | 75x | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,344.9 | −0.004% | $4.2M | $983K | 10x | as long as short |
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,346.9 | +0.042% | $11.5M | $2.9M | 75x | as long as short |
| GRVT XAUT_USDT_Perp | +0.0100% | 4h | 4,344.9 | −0.005% | $982 | $107K | 10x | as long as short |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,343.9 | −0.028% | $267 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,346 | +0.020% | $1.8M | $297K | 10x | as long as short |
| SunX XAUT-USDTshort | +0.0100% | 4h | 4,350.8 | +0.130% | $3K | $3.4M | 20x | |
| HTX XAUT-USDT | +0.0100% | 4h | 4,340 | −0.117% | $1.8M | $226K | 75x | as long as short |
| Kraken Futures PF_XAUTUSD | +0.0222% | 1h | 4,347.5 | +0.056% | $5.7M | $4.5M | 50x | as long as short |
Bybit XAUTUSDT
SunX XAUT-USDT
Aftermath Perps XAUTUSD
MEXC XAUT_USDT
Bitget XAUTUSDT
Variational Omni XAUT
Gate XAUT_USDT
Injective XAUT/USDC PERP
Extended XAUT-USD
Binance XAUTUSDT
BingX XAUT-USDT
SoDEX XAUT-USD
BloFin XAUT-USDT
KuCoin XAUTUSDTM
GRVT XAUT_USDT_Perp
Derive XAUT-PERP
HTX XAUT-USDT
Kraken Futures PF_XAUTUSD